What Company is Offering:
AllBusiness.com is an online media and e-commerce company that operates one of the premier business sites on the Web. AllBusiness.com helps business professionals save time and money by addressing real-world business questions and presenting practical solutions. The site offers resources including how-to articles, business forms, contracts and agreements, expert advice, blogs, business news, business directory listings, product comparisons, business guides, a business association and more.
How it Works:
Business professionals can access AllBusiness.com's content and services through a number of channels, including the AllBusiness.com Web site; RSS feeds and email newsletters; and through its partnerships with leading Web properties. Their content, products and services are featured on a number of sites, including: BusinessWeek, CBSNews, NYTimes, SFGate.com, Washington Post, and Yahoo!. AllBusiness content also appears in the print edition of the San Francisco Chronicle as part of our business advisor program.
About Venture Deal:
AllBusiness.com has been taken on by Dun & Bradstreet for $55 million.The business information company has acquired the online resource for a healthy amount, and has raised its 2008 revenue outlook in order to account for the acquisition. Because no matter which way you slice it, $55 million isn’t a drop in the bucket for too many people or companies. As it currently stands, Dun & Bradstreet has forecast $10 million of incremental revenue for 2008, and the company is looking to 2009 to see an ROI for the purchase of AllBusiness, reports CNN Money.
About D&B :
D&B (NYSE:DNB) is the world’s leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for over 165 years. D&B’s global commercial database contains more than 115 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.see site at..http://dnb.com/
What's The Purpose Of Venture:
D&B is to provide a more searchable database for business decision makers, going after the intent-driven search model. So with this acquisition, D&B will be integrating AllBusiness’ wealth of information for the purpose of growing its business, offering more tools to business leaders, and making it readily available for research purposes.
More at:http://www.allbusiness.com/
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