Over 180 Technology M&A Transactions since 1998
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Charlotte, NC; April 19, 2014 — DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, Indicee, an innovator in the cloud-based analytics and business intelligence (BI) space, has been acquired by D&B (NYSE:DNB), the world’s leading source of commercial information and insight on businesses.
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.
“When we first engaged with Indicee we knew their technology and development team would be a valued asset to the right company. After a great deal of interest from a number of leading organizations, D&B’s vision offered the most compelling opportunity for the Indicee team to continue their cloud innovation and we know the two organizations will be very successful together”, said Tom Wilson, Managing Partner, DecisionPoint.
“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.”
About Indicee
Indicee is leading the shift from complex, expensive business intelligence (BI) software to agile, cloud-based solutions that quickly bring disparate data together to deliver the answers businesses need. Built from the ground up by industry visionaries, the Indicee Cloud BI Platform is disrupting the traditional BI model with solutions that are fast to deploy, affordable for organizations of all sizes, and accessible to everyday business users. Indicee was founded in 2006 by Mark Cunningham, formerly of Crystal Services. Crystal became the world’s first windows-based reporting tool and was acquired by Business Objects for $820 million before eventually being acquired by SAP. For more information, visit www.indicee.com.
About D&B
The Dun & Bradstreet Corporation is the world’s leading source of commercial data, analytics and insight on businesses, or “content”. Our global commercial database contains more than 235 million business records. We transform commercial data into valuable insight which is the foundation of our global solutions that customers rely on to make critical business decisions. D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions(tm) to mitigate credit and supplier risk, increase cash flow and drive increased profitability, and D&B Sales & Marketing Solutions(tm) to provide data management capabilities that provide effective and cost efficient marketing solutions to increase revenue from new and existing customers. For more information, visit www.dnb.com.
About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Tom Wilson, Managing Partner; (704) 248-1124; twilson@decisionpointint.com.