March 21, 2007 16:20 ET

IHS Acquires RapiData

RapiData Is the Only Complete Source of Well Test, Pressure and Completions Data for Western Canada

ENGLEWOOD, CO--(CCNMatthews - March 21, 2007) - IHS Inc. (NYSE: IHS), a global provider of critical technical information, decision-support tools and related services, today announced that it has acquired the RapiData™ product, well known for its comprehensive well test, pressure and completions data for the Western Canadian Sedimentary Basin. IHS purchased RapiData from Rapid Technology Corporation of Calgary, Alberta, Canada.

RapiData is the only complete source of well test, pressure and completions data for Western Canada. IHS has been a partner with Rapid since 2003. IHS products AccuMap® and Enerdeq™ use RapiData to provide exploration and production (E&P) companies desktop access to information used to evaluate reservoir pressures and well-flow rates, forecast flow and pressure declines, and estimate reservoir size.

"The acquisition of RapiData is consistent with the IHS strategy of providing superior information to E&P companies' desktops," said Ron Mobed, president and chief operating officer of the Energy segment of IHS. "The combination of existing IHS products and RapiData will allow E&P companies of all sizes to make informed, profitable decisions at all stages of a well's lifecycle and development. IHS is committed to a vision of transforming physical data sets into high-value, high-speed, on-demand digital data sets. The acquisition of RapiData represents a substantial step forward for that vision."

The Energy segment of IHS enables oil and gas companies worldwide to create and maintain best-in-class decision-making processes by providing and integrating essential exploration and production information, intuitive software and consulting services.

Rapid Technology Corporation is a privately held company that provides integrated software, data and engineering solutions for the oil and gas industry. Following the sale of its product line to IHS, Rapid Technology Corporation will be a holding company with an investment interest in publicly traded Rapid Solutions Corporation which is unaffected by the sale.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is a leading provider of critical technical information, decision-support tools and related services to customers around the world. Our data and services are used primarily by the energy, defense, aerospace, construction, electronics, and automotive industries. IHS translates the value of our global information, expertise and knowledge to enable customer success and create customer delight on a daily basis. Ranging from governments and large multinational corporations to smaller companies and technical professionals in more than 100 countries, customers rely on our offerings to facilitate decision making, support key processes and improve productivity. IHS has been in business for nearly 50 years and employs more than 2,500 people around the world.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright c 2007 IHS Inc. All rights reserved.

IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties -- many of which are difficult to predict and generally beyond the control of HIS -- that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.

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