D&B (NYSE:DNB) acquired Indicee, an innovator in the cloud-based analytics and business intelligence (BI) space. Indicee’s Vancouver-based employees will join the global D&B team as part of the newly created Cloud Innovation Center. Based on comments made in the recent D&B Q1 earnings conference call Indicee provides Cloud based technology and has no products per which D&B would be selling. The acquisition could therefore be classified as ‘acqui-hiring’, a current popular trend to acquire software engineers.
Led by Indicee Founder and Chief Executive Officer, Mark Cunningham, the Center will leverage expertise in cloud-based technology to innovate new ways to deliver D&B’s proprietary data and analytics to anticipate the needs of an evolving business landscape. Moving the company’s flagship product, DNBi, to the cloud will be an early priority for the Cloud Innovation Center.
Indicee is leading the shift from complex, expensive business intelligence (BI) software to agile, cloud-based solutions that quickly bring disparate data together to deliver the answers businesses need. Built from the ground up by industry visionaries, the Indicee Cloud BI Platform is disrupting the traditional BI model with solutions that are fast to deploy, affordable for organizations of all sizes, and accessible to everyday business users. Indicee was founded in 2006 by Mark Cunningham, formerly of Crystal Services. Crystal became the world’s first windows-based reporting tool and was acquired by Business Objects for $820 million before eventually being acquired by SAP.
This acquisition is in line with D&B’s strategy to deliver indispensable content – data, analytics and insight – through modern channels to serve its customers’ needs. D&B’s use of cloud-based delivery will enable customers to utilize data in new and different ways, helping businesses solve complex challenges and source new opportunities. Financial terms of the transaction are undisclosed.
This is the second acquisition D&B has made within the past three weeks: On April 17, 2014, D&B announced it had acquired the social data matching business unit of Fliptop, a leader in software solutions that aggregates public web and social data. The acquisition combines social data with D&B’s proprietary data and analytics to deliver results for a growing and global customer base. Fliptop will continue to operate as an independent, non-affiliated company.
Source: D&B Press Release