D&B Acquires Cloud-Based Business Intelligence Company Indicee
Second Acquisition in Three Weeks
SHORT HILLS N.J. – April 29, 2014 – D&B (NYSE), the world's leading source of commercial information and insight on businesses, today acquired Indicee, an innovator in the cloud-based analytics and business intelligence (BI) space.
This acquisition is in line with D&B’s strategy to deliver indispensable content – data, analytics and insight – through modern channels to serve its customers’ needs. D&B’s use of cloud-based delivery will enable customers to utilize data in new and different ways, helping businesses solve complex challenges and source new opportunities.
"Modernizing delivery is a core component of our strategy, and this acquisition is at the heart of it,” said Bob Carrigan, President, Chief Executive Officer and Director, D&B. “We are uniquely positioned to help new and existing customers navigate an increasingly data-driven world, and this is a giant step forward in our commitment to make it easier to access our world-class data, analytics and insight. Indicee’s technology and talent are truly unmatched in the marketplace and we look forward to bringing this team of world-class innovators on board.”
Indicee’s Vancouver-based employees will join the global D&B team as part of the newly created Cloud Innovation Center. Led by Indicee Founder and Chief Executive Officer, Mark Cunningham, the Center will leverage expertise in cloud-based technology to innovate new ways to deliver D&B’s proprietary data and analytics to anticipate the needs of an evolving business landscape. Moving the company’s flagship product, DNBi, to the cloud will be an early priority for the Cloud Innovation Center.
"We are perfectly aligned with D&B’s vision for the delivery of world-class data, analytics and insight directly to decision makers," said Cunningham. "Over the past seven years we have completely changed the model for business intelligence. Thanks to the power of the Indicee technology and an exceptional team of innovators here in Vancouver, we have introduced unparalleled agility, sophistication and usability to the BI market. We are thrilled to join the D&B team and to bring our expertise in cloud computing and business intelligence to its growing global customer base.”
Financial terms of the transaction are undisclosed.
On April 17, 2014, D&B announced it had acquired the social data matching business unit of Fliptop, a leader in software solutions that aggregates public web and social data. The acquisition combines social data with D&B’s proprietary data and analytics to deliver results for a growing and global customer base. Fliptop will continue to operate as an independent, non-affiliated company.
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