Quantitative Micro Software Acquired By IHS For $40M

Irvine-based Quantitative Micro Software, a developer of software used for economic forecasting, has been acquired by information provider IHS Inc. in a deal worth $40M. According to IHS, it will use the acquisition of Quantitative Micro Software (QMS) to give its customers access to a more comprehensive set of solutions. QMS develops a software package used for statistics, forecasting, and modeling by corporates, government agencies, researchers, and academics. The firm was founded in 1984 by David Lilien, who also serves as President of QMS.