Dun & Bradstreet (NYSE: DNB), a provider of commercial information and insight on businesses, acquired NetProspex, a Waltham, Massachusetts-based provider of B2B professional contact data and data management solutions, for $125m.
The acquisition combines NetProspex’s professional contact database with Dun & Bradstreet’s proprietary global business data and analytics. The addition of the NetProspex Workbench data services platform and CleneStepTM methodology to Dun & Bradstreet’s commercial database aims to further enable customers to better understand their ideal customers, identify and prioritize opportunities, and grow their business.
Following the close of the transaction, NetProspex and its employees are a part of Dun & Bradstreet and will continue to operate out of Waltham. CEO Michael Bird will transition to general manager of the newly-named Dun & Bradstreet NetProspex, reporting to Josh Peirez, chief operating officer, Dun & Bradstreet.
Led by Bob Carrigan, president and chief executive officer and director, Dun & Bradstreet provides a global commercial database that contains more than 240 million business records and solutions including a risk management platform that allows users to to mitigate credit and supplier risk, and sales and marketing platform to increase revenue from new and existing customers.