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S&P Global Set to Acquire Panjiva, Inc.NEW YORK, Feb. 20, 2018 /PRNewswire/ -- S&P Global (NYSE: SPGI), a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide, announced today that it is set to acquire Panjiva, Inc. (Panjiva), a privately-held company that provides deep, differentiated, sector-relevant insights on global supply chains, leveraging data science and technology to make sense of large, unstructured datasets. The terms of the transaction, which is expected to close in the coming weeks, were not disclosed. "Panjiva is an exciting acquisition for our division given their core strength in leveraging machine intelligence to combine 1 billion transaction records into a proprietary supply chain graph," noted Mike Chinn, President of S&P Global Market Intelligence and Executive Vice President of Technology and Innovation at S&P Global. "Their highly skilled and innovative leadership team and employees will help strengthen the insights, products and data that we provide to our clients throughout the world." "Together with our customers, the Panjiva team has developed novel ways to generate value from global supply chain data. In the years ahead, we are committed to ensuring that both Panjiva and S&P Global customers receive unrivaled insight into global supply chains," commented Josh Green, Chief Executive Officer of Panjiva, who co-founded the company with Chief Technology Officer James Psota. "As part of S&P Global Market Intelligence, we are confident that we can fulfill our ambitious goal of bringing transparency to global supply chains and are excited to continue to leverage technology to make sense of the rapidly expanding universe of unstructured data." Panjiva provides clients with macro data covering 95% of global trade flows, as well as transactional data covering 35% of global trade flows. The company tracks supply data from retailers, exporters and shippers across a myriad industries and commodities. The acquisition of Panjiva is expected to be profitable in 2019 (excluding integration costs). Given the transaction's modest size, S&P Global does not expect a material impact to its adjusted earnings per share in 2018. The return on invested capital (ROIC) is expected to exceed the Company's required rate of return (hurdle rate) shortly after the integration period. Forward-Looking Statements: This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this report and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materiall from those expressed or implied in forward-looking statements include, among other things:
The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1a, Risk Factors, in the Annual Report on Form 10-K. About S&P Global About S&P Global Market Intelligence S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com. About Panjiva, Inc. by Fast Company in 2018, leverages machine intelligence to combine 1 billion transaction records into our proprietary Supply Chain Graph — the world's richest representation of global supply chain activity and relationships. The Supply Chain Graph describes 8 million companies across 195 countries and tracks the flow of trillions of dollars of goods. For more information, visit www.panjiva.com.
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