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Dun & Bradstreet

Dun & Bradstreet

The Dun & Bradstreet Corporation is a company that provides commercial data, analytics, and insights for businesses.[3] It is headquartered in Short Hills, a community in Millburn, New Jersey, U.S.[4] 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.[5] Often referred to as D&B, the company's database contains more than 300 million business records worldwide.[6][7][8][9][10][11]

The Dun & Bradstreet Corporation
Type
Private
IndustryCommercial & professional services
Founded1841 (1841)
New York City, NY, U.S.
HeadquartersShort Hills, New Jersey, U.S.
Key people
  • Anthony Jabbour
  • (CEO)
  • Richard H. Veldran
  • (CFO)
Products
  • Business information
  • Credit & risk
  • Sales & marketing
  • Data analytics
  • Supply & compliance
RevenueIncreaseUS$ 1.74 billion(2017)
Operating income
IncreaseUS$ 382.9 million(2017)
Net income
IncreaseUS$ 145 million(2017)
Total assetsIncreaseUS$ 2.48 billion(2017)
Total equityIncreaseUS$ -811.2 million(2017)
Number of employees
~5,000(2019)
Websitewww.DnB.com [50]
Footnotes / references
[1][2]

History

1800s

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.[12] 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.[13] As an advocate for civil rights, Tappan used his abolitionist connections to expand and update the company's credit information.[14] 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.[15]

In 1859, Douglass transferred the company over to Robert Graham Dun, who immediately changed the firm's name to R.G. Dun & Company.[16] Over the next 40 years, Graham Dun continued to expand the business across international boundaries.

1900s

In 1933, Dun merged with competitor, John M. Bradstreet to form today's Dun & Bradstreet.[17] The merger was engineered by Dun's CEO Arthur Whiteside.[18] 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.[18] The Dun & Bradstreet Data Universal Numbering System (D&B D-U-N-S Number) was invented in 1963.[19][20] In 1996 the company tri-vested creating three entities D&B Companies, Nielsen and the Cognizant Corporation.[21] 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).[22][23][24][25]

2000s

During 2001, Dun & Bradstreet acquired the company Harris InfoSource International, Inc, a data company. In February 2003, the company acquired Hoover's.[26]

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.[27][28] 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.[29]

In October 2013, Bob Carrigan became the CEO of Dun & Bradstreet.

On January 5, 2015, Dun & Bradstreet acquired the data management firm NetProspex.[30] 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.[31]

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.[32]

On February 8, 2019, Dun & Bradstreet completed its merger and became a privately held company. Its former ticker symbol, DNB, was retired.[33]

Operations

The company generates revenue through subscription-based products, business information reports, data licensing agreements, strategic partnerships and concierge services.[3]

The company derives revenues through two segments: Americas and non-Americas.

Americas consists of:

  • United States and Canada[34]

  • (The company divested its Latin America operations in September 2016)[35]

And non-Americas consists of:

  • The United Kingdom

  • Ireland

  • Greater China (Including Hong Kong and Taiwan?)

  • India

  • (Netherlands and Belgium operations were divested in November 2016)[35]

  • (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)[35][36][37][38]

Products and services

Dun & Bradstreet offers various products and services solving for credit, risk, marketing, sales, analytics and more, including D&B Hoovers,[39][5][40] Master Data[41] and D&B Data Exchange.[42]

Competition

Competitors to Dun & Bradstreet include:

  • Equifax[43][44]

  • Experian Business Information Services[45][43][44]

  • Creditsafe Global Intelligence Experts

  • Bureau van Dijk Private Company Data

See also

  • Mercantile agencies

  • Credit rating agencies

References

[1]
Citation Linkwww.sec.gov"US SEC: Form 10-K The Dun & Bradstreet Corporation". U.S. Securities and Exchange Commission. Retrieved February 22, 2018.
Sep 24, 2019, 3:13 AM
[2]
Citation Linkwww.sec.gov"Form 8-K The Dun & Bradstreet Corporation". U.S. Securities and Exchange Commission. Retrieved August 22, 2018.
Sep 24, 2019, 3:13 AM
[3]
Citation Linkfinance.yahoo.com"Dun & Bradstreet Ushers in a New Era". Yahoo Finance. March 10, 2015. Archived from the original on 2015-03-16. Retrieved 2017-09-13.
Sep 24, 2019, 3:13 AM
[4]
Citation Linkwww.dnb.com"About Us." Dun & Bradstreet. Retrieved on October 1, 2012. "HQ info: 103 John F. Kennedy Parkway Short Hills, NJ 07078"
Sep 24, 2019, 3:13 AM
[5]
Citation Linkfinance.yahoo.com"Profile - Dun & Bradstreet Corp". Yahoo! Finance. Retrieved September 12, 2014.
Sep 24, 2019, 3:13 AM
[6]
Citation Linkinvestor.dnb.com"Dun & Bradstreet Corp/NW - Form 10-K - February 23, 2017". dnb.com. Retrieved 2017-08-22.
Sep 24, 2019, 3:13 AM
[7]
Citation Linkwww.sec.gov"DUN & BRADSTREET CORP/NW 2016 Annual Report Form (10-K)". www.sec.gov. February 23, 2017. Retrieved 2017-09-13.
Sep 24, 2019, 3:13 AM
[8]
Citation Linkarchive.fortune.com"Dun & Bradstreet". Fortune. 2006.
Sep 24, 2019, 3:13 AM
[9]
Citation Linki.usatoday.net"Public companies 100 years old or more" (PDF). USA Today. Retrieved September 13, 2014.
Sep 24, 2019, 3:13 AM
[10]
Citation Linkwww.eweek.comNeedle, David (2017-11-07). "Companies of All Sizes Plugging into the Salesforce CRM Ecosystem". eWEEK. Retrieved 2017-11-07.
Sep 24, 2019, 3:13 AM
[11]
Citation Linkwww.businessinsider.com"The CEO of digital advertising's biggest trade group says most big marketers are screwed unless they completely change their business models". Businessinsider. February 12, 2018. Retrieved 2018-02-28.
Sep 24, 2019, 3:13 AM
[12]
Citation Linkwww.library.hbs.edu"R.G. Dun & Co. / Dun & Bradstreet Collections". Harvard Business School. Retrieved September 12, 2014.
Sep 24, 2019, 3:13 AM
[13]
Citation Linkwww.fundinguniverse.com"History of the Dun & Bradstreet Corporation- Funding Universe". Funding Universe. Retrieved June 22, 2015.
Sep 24, 2019, 3:13 AM
[14]
Citation Linkwww.pbs.org"Who Made America? Innovators Lewis Tappan". PBS. Retrieved June 22, 2015.
Sep 24, 2019, 3:13 AM
[15]
Citation Linkwww.pbs.org"Who Made America? | Innovators | Lewis Tappan". www.pbs.org. Retrieved 2017-09-13.
Sep 24, 2019, 3:13 AM
[16]
Citation Linkwww.loc.gov"Dun & Bradstreet: This Month in Business History". Library of Congress. Retrieved June 22, 2015.
Sep 24, 2019, 3:13 AM
[17]
Citation Linkbooks.google.comHightower, Michael J. (2013). Banking in Oklahoma Before Statehood. University of Oklahoma Press. p. 345. ISBN 9780806150260. Retrieved September 12, 2014.
Sep 24, 2019, 3:13 AM
[18]
Citation Linkwww.dnb.com"Dun and Bradstreet Company History". dnb.com. Retrieved 8 December 2015.
Sep 24, 2019, 3:13 AM
[19]
Citation Linkwww.loc.gov"Dun & Bradstreet: This Month in Business History (Business Reference Services, Library of Congress)". www.loc.gov. Retrieved 2017-09-13.
Sep 24, 2019, 3:13 AM
[20]
Citation Linkwww.nrcs.usda.gov"Frequently Asked Questions for D-U-N-S Number and SAM Registration". United States Department of Agriculture. Retrieved September 12, 2014.
Sep 24, 2019, 3:13 AM