The shareholders of BISNODE (D&B’s Franchise partner in Scandinavia, Central & Eastern Europe) RATOS and BONNIER announced the withdrawal of the IPO for BISNODE Business Information Services, briefly stating that the IPO offer was not fully subscribed despite a substantial interest from a large number of investors.  In August BISNODE reported relatively strong results for the first half of 2007 with revenues growing at 19.69% to US$ 278 up from US$232 mil prior year period.  BISNODE continues to grow largely through acquisitions increasing its service and geographic scope and to augment existing databases.  During this year it made 13 acquisitions, divested three businesses and invested in one start-up.  In spite of these achievements and continued good prospects the IPO was undersubscribed.  Blame it on the Credit Crunch.  Source: Outsell Insight

BIIA Newsletter November – 2007 Issue