D&B Enterprises and Trident Capital to Form New Venture Capital Partnership.WILTON, CONN CONN Connecticut (old style) CONN Connection CONN Connector CONN Connotation ., Aug. 15--(BUSINESS WIRE)--D&B Enterprises, a unit of The Dun & Bradstreet Corporation, announced today that it has signed a letter of intent with Trident Capital to form a new $80 million venture capital limited partnership. Under the terms of the agreement, D&B Enterprises will invest $40 million and will be the primary limited partner. The balance of the capital is expected to come from Trident's current investors. The partnership will begin operations in early September. This is the second venture fund for each of the organizations. D&B Enterprises is the principal limited partner in the highly successful Information Partners (IP) fund, a $40 million partnership that recently fully invested its capital reserved for new investments. Information Partners' investments included Dataware Technologies, Inc., and Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. , Inc., both now public companies. IP was also an investor in Corporate Software, Inc., which recently merged with R.R. Donnelley's Global Software Services to form Stream International, a $1.2 billion software distribution and support firm, and Risk Management Systems, which was sold in 1994 to Centre Re, a reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. company. Trident Capital, with offices in Chicago, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif., formed its first fund in 1993 with $44.3 million raised from institutional and individual investors. The fund's investments included CSG CSG - constructive solid geometry Systems, Inc., a provider of subscriber management services to cable systems operators; Medicode, Inc., a medical-information database and publishing company; GeoSystems, a developer and marketer of geographic databases and software for map and atlas publishing; and Unison unison, in music, tones identical in pitch produced by two or more parts or voices. In popular usage a vocal composition is said to be sung in unison even though some of the voices are separated from others by the interval of an octave. Software, now a public company. Commenting on the new partnership, Dennis G. Sisco, executive vice president of Dun & Bradstreet and president of D&B Enterprises, said, "Our second venture capital partnership is a significant extension of D&B's successful strategy to broaden its access to emerging and rapid-growth segments of the information products and services market by providing capital and innovative business strategies to support entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. management teams." "We are excited about joining forces with Trident Capital," he added. "Their first fund's track record, combined with their world-class understanding of the information economy, and the high value they place on working closely with their limited partners, make them an ideal partner for us." The Dun & Bradstreet Corporation is the world's largest marketer of information, software and services for business decision making, with worldwide revenue of $4.9 billion in 1994. CONTACT: Reid H. Gearhart (203) 834-4275 John Moragne (Trident) 415-233-4302 |
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