GlobalSpec
Type of businessSubsidiary
Founded1996
Headquarters
Founder(s)John Schneiter and Thomas Brownell
Key peopleLisa Paonessa, General Manager
IndustryInformation technology
ServicesSoftware and technology services, vertical search
RevenueUS$10–50 million
Employees201–500[1]
URLwww.globalspec.com Edit this at Wikidata

GlobalSpec is a technology services company which provides a search engine of engineering and industrial products, indexing over 180 million parts divided into 2,300,000 product families, from over 24,000 manufacturer and distributor catalogs.[2] GlobalSpec is a domain-specific (or "vertical search") tool, in that its focused domain allows for optimized results. Within product families, searches can be narrowed by selecting values for parameters that are specific to that product type.[3]

The website has over 8 million registered members, and as of 2009, membership was growing at a rate of 20,000 per week. In 2007, the company achieved 35% revenue growth, the sixth year in a row that the company achieved double-digit revenue growth.[4] The website has approximately 1.3 unique million visitors a month with 2.8 million page views and an average of 4.9 minutes time spent. GlobalSpec has partnerships with several well-known companies, including:

SolidWorks which is a product of Dassault Systèmes has embedded access to GlobalSpec's search engine inside its computer-aided design software.

Warburg Pincus sold GlobalSpec to IHS in 2012 for $135 million.[8]

The IEEE acquired GlobalSpec from IHS in 2016.[9]

GlobalSpec was acquired by Compare Networks Inc. on July 31, 2020.[10]

See also

References

  1. ^ "GlobalSpec". Companies. LinkedIn Corporation. Retrieved 2008-12-26.
  2. ^ "GlobalSpec, Inc". Bizjournals.com. Archived from the original on February 10, 2009. Retrieved 2008-12-26.
  3. ^ Battelle, John (March 30, 2004). "GlobalSpec: Domain Specific Search and the Semantic Web". Searchblog. Retrieved 2008-12-26.
  4. ^ Devin, Amber (Jan 22, 2008). "GlobalSpec Achieves Record Results in 2007". Reuters. Business Wire. Archived from the original on May 8, 2009. Retrieved 2008-12-26.
  5. ^ D'Errico, Richard A. (August 7, 2001). "GlobalSpec partners with AltaVista". The Business Review. American City Business Journals, Inc. Retrieved 2008-12-26.
  6. ^ "ISA Announces Partnership With GlobalSpec". International Society of Automation. October 25, 2005. Archived from the original on May 8, 2009. Retrieved 2008-12-27.
  7. ^ "SolidWorks Corporation embeds 'The Engineering Web' in 3D mechanical design software". SolidWorks Corporation. Feb 14, 2005. Retrieved 2008-12-26.
  8. ^ "IHS to Buy Engineering Site GlobalSpec From Warburg Pincus". Wall Street Journal. June 12, 2012.
  9. ^ "IEEE Acquires GlobalSpec and the Engineering360 Platform from IHS to Create Powerful New Resource for the Global Engineering Community". IEEE. April 29, 2016. Retrieved 2016-04-29.
  10. ^ "GlobalSpec acquired by San Francisco firm, renegotiates lease in SUNY Poly's ZEN Building". Albany Business Review. Sep 30, 2020. Retrieved 2021-02-17.