The Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) today announced that Dr. Joseph Kasputys, founder and former chairman, president and ceo of global information company IHS Global Insight, is the recipient of the fourth Market Data Lifetime Achievement Award. The honor recognizes leaders who have advanced the financial information industry over the past 25 years. FISD members voted on the award in September, and the selection of Kasputys was announced today during the biennial World Financial Information Conference (WFIC) in San Francisco.
“Joseph Kasputys is a market data innovator who has dedicated his career to cultivating the financial information industry,” said Tom Davin, Managing Director of FISD. “The success of IHS Global Insight is the most recent testament to Dr. Kasputy’s extraordinary talent. His vision of merging economic analysis and forecasting with data management software has created a company that is changing the face of the financial information industry.”
Dr. Kasputys formed IHS Global Insight, Inc. in March 2001 to join together the world’s premier economic and financial analysis and forecasting firms—Data Resources Inc. (DRI) and WEFA (formerly Wharton Economic Forecasting Associates), along with Global InTech, a software company specializing in time-series data management, and interests from Decision Economics.
“It has been my privilege to play a role in leading the development of the financial information industry,” said Dr. Kasputys. “But this Lifetime Achievement Award doesn’t mean my 40-year career is over. In fact, I just co-founded a new company, China Monitor, last November to collect, analyze and forecast financial and economic information on China’s economy, industries and businesses. I look forward to working with the many talented members of the FISD to help our industry continue to evolve and grow.”
Prior to forming IHS Global Insight, Dr. Kasputys served for fourteen years as chairman, president and CEO of Primark Corporation—which he transformed into a leading financial information and information technology firm. Dr. Kasputys has also worked with McGraw-Hill, both as EVP responsible for business development and as Chief Economist. He pioneered the development of large econometric models at DRI, where he served as COO, and later, as president and CEO. Prior to entering the private sector, Dr. Kasputys was appointed by President Ford in 1975 to serve as Assistant Secretary of Commerce and helped found the U.S. Department of Energy.