Dun & Bradstreet
The Dun & Bradstreet Corporation is a company that provides commercial data, analytics, and insights for businesses. It is headquartered in Short Hills, a community in Millburn, New Jersey, U.S. The company offers a wide range of products and services for risk and finance, operations and supply, and sales and marketing professionals, as well as research and insights on global business issues, serving customers in government and industries such as communications, technology, strategic financial services, and retail/telecommunications/manufacturing markets. Often referred to as D&B, the company's database contains more than 300 million business records worldwide.
|Industry||Commercial & professional services|
New York City, NY, U.S.
|Headquarters||Short Hills, New Jersey, U.S.|
|Revenue||US$ 1.74 billion (2017)|
|US$ 382.9 million (2017)|
|US$ 145 million (2017)|
|Total assets||US$ 2.48 billion (2017)|
|Total equity||US$ -811.2 million (2017)|
Number of employees
|Footnotes / references|
Dun & Bradstreet traces its history back to July 20, 1841, with the formation of The Mercantile Agency in New York City by Lewis Tappan, later called R.G. Dun & Company. Recognizing the need for a centralized credit reporting system, Tappan formed the company to create a network of correspondents who would provide reliable, objective credit information to subscribers. As an advocate for civil rights, Tappan used his abolitionist connections to expand and update the company's credit information.
In spite of accusations for invading personal privacy, by 1844 the Mercantile Agency had over 280 clients. The agency continued to expand allowing offices to open in Boston, Philadelphia, and Baltimore. By 1849, Tappan retired, allowing Benjamin Douglass to take over the booming business.
In 1859, Douglass transferred the company to Robert Graham Dun, who immediately changed the firm's name to R.G. Dun & Company. Over the next 40 years, Graham Dun continued to expand the business across international boundaries.
In 1933, Dun merged with competitor, John M. Bradstreet to form today's Dun & Bradstreet. The merger was engineered by Dun's CEO Arthur Whiteside. Whiteside's successor, J. Wilson Newman, worked to increase Dun's range of products and services and expanded dramatically during the 1960s by engineering ways to apply new technologies to evolving operations.
In 1996 the company tri-vested creating three entities D&B Companies, Nielsen and the Cognizant Corporation. Cognizant Corporation included Nielsen TV Ratings, Gartner Group, Clarke-O'Neill, Erisco, and several other lesser known entities. In 1999, Cognizant Corporation spun off Nielsen TV Ratings and shortly thereafter divested all its holdings emerging as IMS Health. IMS Health continued to hold its prize incubator company that is today known as Cognizant Corporation. Moody's, a credit reporting agency, was acquired by Dun & Bradstreet in 1962. In 1986, Dun & Bradstreet acquired the education data company Market Data Retrieval (MDR).
On February 5, 2003, Dun & Bradstreet restated prior period results to correct timing errors in the recognition of some of the revenue associated with 14 of the Company's 200+ products, after a review of its revenue recognition from 1997 through 2002. In August 2010, Dun & Bradstreet spun off and sold their credit monitoring and management business to a newly formed company, Dun & Bradstreet Credibility Corp. In 2007, Dun & Bradstreet acquired AllBusiness.com and sold the company in 2012.
In October 2013, Bob Carrigan became the CEO of Dun & Bradstreet.
On January 5, 2015, Dun & Bradstreet acquired the data management firm NetProspex. In April 2015, Dun & Bradstreet acquired Dun & Bradstreet Credibility Corp. and announced the formation of a new division, Dun & Bradstreet Emerging Business. In January 2017, Dun & Bradstreet acquired Avention, the maker of OneSource solutions.
On August 8, 2018, Dun & Bradstreet announced Thomas J. Manning, who has served as the company's interim CEO, as the new Chief Executive Officer, and that the company had entered into a definitive agreement to be acquired by an investor group led by CC Capital, Cannae Holdings, and Thomas H. Lee Partners.
On February 8, 2019, Dun & Bradstreet completed its merger and became a privately held company. Its former ticker symbol, DNB, was retired.
The company generates revenue through subscription-based products, business information reports, data licensing agreements, strategic partnerships, and concierge services.
The company derives revenues through two segments: Americas and non-Americas.
Americas consists of:
- United States and Canada
- (The company divested its Latin America operations in September 2016)
And non-Americas consists of:
- The United Kingdom
- Greater China (Including Hong Kong and Taiwan?)
- (Netherlands and Belgium operations were divested in November 2016)
- (Australian and New Zealand operations were divested in June 2015 to Archer Capital for $169.8 million, and were rebranded as illion in 2018, with debt collection operations being formally rebranded as Milton Graham on 14 June 2018)
Products and servicesEdit
Competitors to Dun & Bradstreet include:
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- "Company Overview of illion". Bloomberg.com. Bloomberg. Retrieved 8 June 2019.
- "illion is now formally integrating our subsidiaries to deliver an even more cohesive suite of solutions to you". rebrand.illion.com.au/home. illion Australia Pty. Ltd. Retrieved 8 June 2019.
- "It with great excitement that we announce our new receivables optimisation brand: Milton Graham". rebrand.illion.com.au/milton-graham. illion Australia Pty. Ltd. Retrieved 8 June 2019.
- "Dun & Bradstreet looks to clean up with D&B Hoovers | DBM | Database Marketing". www.dbm.today. March 8, 2017. Retrieved 2017-10-04.
- "Company Overview of Hoover's, Inc". Bloomberg Businessweek. September 16, 2014.
- "Economic growth to remain subdued at 6.6% in Q4 FY17: D&B report". The Financial Express. 2017-05-23. Retrieved 2017-10-04.
- Clemens, Jay (July 29, 2013). "D&B Launches New Data Exchange for Clients, Partners; Josh Peirez, Laura Kelly Comment". ExecutiveBiz. Retrieved 2017-10-04.
- Cross, Christopher. "Small Business: How Do I Get a Credit Report for My Company?". Houston Chronicle. Retrieved August 27, 2016.
- Huebsch, Russell. "Small Business: Do Businesses Have a Credit Score?". Houston Chronicle. Retrieved August 27, 2016.
- Experian & GrowBizMedia. Business Credit: What You Don't Know Can Hurt You Experian (PDF).