D&B Acquires Italy-based Data House, Enhances European Business; Acquisition Strengthens D&B's Commitment to Small Business Lending Market.Business Editors MURRAY HILL Murray Hill may refer to one of the following places:
Milan (Milan Obrenović) (mĭl`än ōbrĕ`nəvĭch), 1854–1901, prince (1868–82) and king (1882–89) of Serbia; grandnephew of Miloš Obrenović. , Italy--(BUSINESS WIRE)--Aug. 13, 2002 D&B (NYSE NYSE See: New York Stock Exchange : DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), the leading provider of global business information and technology solutions, today announced it has signed a definitive agreement to acquire Data House S.p.A. from Seat Pagine Gialle Seat Pagine Gialle is an Italian company with a strong European presence in the directories market place. The UK subsidiary is Thomson Directories Ltd.. External links
n. 1. The act or process of connoting. 2. a. An idea or meaning suggested by or associated with a word or thing: that operates in traditional directories, directory assistance, Internet, office products and services, business information and television industries. Based in Milan, Data House collects and provides commercial and personal Italian real estate information which is used extensively in Italy by banks, notaries, real estate agencies and corporations to make better, more confident small business loan decisions. The transaction, valued at approximately $22 million, was funded with D&B's existing cash on hand and became effective on August 1, 2002. "Data House will enhance our current business by allowing D&B to participate in more small business lending transactions, while immediately positioning us for growth in serving the Italian banking sector. For customers, the powerful combination of D&B and Data House will yield better, more confident small business credit and risk decisions," said Allan Z. Loren, chairman and chief executive officer of D&B. "Investments such as small acquisitions will continue to be part of our Blueprint blueprint, white-on-blue photographic print, commonly of a working drawing used during building or manufacturing. The plan is first drawn to scale on a special paper or tracing cloth through which light can penetrate. for Growth strategy." The acquisition includes Data House products such as real estate reports and mortgage certifications, as well as the Data House Italian real estate database, which provides customers with greater insight when making consumer loan decisions and important information used to evaluate real estate transactions. Data House products will continue to be available in Italy through existing sales channels including Ribes S.p.A., an Italian bank-owned software company in which Data House holds a minority stake. Through Ribes, Data House provides critical business information to many leading Italian banks. Future plans include D&B solutions becoming available through Data House sales channels, and Data House products becoming available through existing D&B European sales channels later this year. Data House will continue to be headquartered in Milan, Italy and Aldo Pigni will continue to lead the company. "Data House's change in ownership will have minimal impact on our business, our team members and our customers," said Aldo Pigni of Data House. "We are looking forward to the benefits of being a part of D&B, which includes being able to provide our customers with access to D&B information and solutions to make more confident small business lending decisions." About D&B D&B (NYSE: DNB) provides the information, tools and expertise to help customers Decide with Confidence. D&B enables customers' quick access to objective, global information whenever and wherever they need it. Customers use D&B Risk Management Solutions to manage credit exposure, D&B Sales & Marketing Solutions to find profitable customers and D&B Supply Management Solutions to manage suppliers efficiently. D&B's E-Commerce Solutions are also used to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. and verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. potential trading partners online, increasing trust and confidence in e-commerce transactions. Over 90 percent of the Business Week Global 1000 rely on D&B as a trusted partner to make confident business decisions. For more information, please visit www.dnb.com. About SEAT SEAT Pagine Gialle is a multimedia force with an international connotation that operates not only in its traditional directories business, but also in the directory assistance, Internet, office products and services, business information and television businesses. These six macro-activities have been organised into six corporate areas that group the companies and products based on areas of responsibility and business affinity. With a turnover for 2001 of over EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,950 million and an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become topping EUR 444 million, SEAT PG is the European leader in telephone publishing and one of the leading operators in the world. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion