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KPMG And Dun & Bradstreet Alliance Addresses FATCA Due Diligence Challenges

Collaboration offers tool to simplify FATCA business entity compliance aCollaboration offers tool to simplifys 2016 deadline looms Marking the one-year deadline for foreign financial institutions (FFIs) to identify their preexisting entity account base for purposes of the Foreign Account Tax Compliance Act (FATCA), KPMG LLP, the U.S. audit, tax and advisory firm, and Dun & Bradstreet (NYSE: DNB) announced details around a data-based ... Read More »

LexisNexis South Africa to Acquire Korbitec

LexisNexis South Africa, part of RELX Group, has agreed to purchase Korbitec (Pty) Ltd from the Naspers Group for an undisclosed amount. The transaction is subject to approval by the South African Competition Commission.  Korbitec is a leading provider of content-enabled workflow solutions for South African property professionals, with two leading products, GhostConvey and Windeed, in addition to its Banking ... Read More »

Gartner Acquires Nubera

Gartner, Inc. (NYSE: IT), the leading provider of research and analysis on the global information technology industry, announced the acquisition of Nubera, a privately held company based in Barcelona, Spain. Terms were not disclosed.  Nubera, whose flagship web property is GetApp, helps organizations discover, compare and choose the right business software and applications for their needs. The services provided by Nubera are ... Read More »

Connexity Buys PriceGrabber

Marketing services company Connexity Inc. said it has acquired price-comparison shopping site PriceGrabber for an undisclosed amount to form one of world’s largest sources of “high-intent” shopping leads. Connexity said the combination of the two Los Angeles-based companies will form the second-largest product listing lead generation channel for retailers after Google and more than twice as large as similar channels or ... Read More »

LexisNexis India Acquires Universal Law Publishing

LexisNexis has acquired its Delhi-based rival Universal Law Publishing for an undisclosed amount.  LexisNexis India is the domestic arm of the USD 9-billion Anglo-Dutch Reed Elsevier group and claims to be the leader in the around Rs 500-crore legal publishing industry in India. While LexisNexis India employs around 200 people here, Universal Law Publishing has a headcount of around 50 ... Read More »

CRIF Acquires 30% Equity Stake in Economic Research Company Nomisma

CRIF will enter with a 30% stake in Nomisma’s share capital, becoming the largest shareholder as well as the only shareholder-industrial partner in the Bologna-based economic and industrial research company. The transaction involves the acquisition of a minority stake aimed at future industrial partnerships. The Bologna-based economic research company will maintain complete and unchanged operational independence. The new structure will ... Read More »

Dun & Bradstreet Shifts to Partnership Model in Australia/New Zealand Market to Focus on Core Commercial Strategy

Dun & Bradstreet (NYSE: DNB) today announced it is shifting its Australia/New Zealand (ANZ) business to a Worldwide Network partner model. Archer Capital, a leading Australian private equity firm – via its newly-formed Credit Data Solutions* business – will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 ... Read More »

Alibaba Moves into Financial Data and Information Services

Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry. In its latest foray into the financial services sector, Alibaba is teaming up with CBN owner Shanghai Media Group to create a platform aimed at SMBs that will offer financial news and information.  Alibaba says that ... Read More »

J.D. Power to Acquire NADA Used Car Guide

J.D. Power and the National Automobile Dealers Association (NADA) announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a premier source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established by NADA in 1933, NADA Used Car Guide is a leading ... Read More »

IRI Acquires Chinese MR Firm Datasea

Retail and healthcare data giant Information Resources Inc (IRI) has acquired Chinese MR and analytics services company Datasea, which focuses on the retail and CPG industries. Terms of the deal were not disclosed. Datasea has offices in Beijing, Shanghai, Guangzhou and Jinan, supported by a nationwide service network. The firm provides customer research, brand research, satisfaction and loyalty programs, new ... Read More »

Alibaba Group Acquires Stake in Chinese Logistics Company

Alibaba Group announced the acquisition of a minority stake in the Shanghai YTO Express (Logistics) Company. Financial details were not disclosed. Both companies plan to cooperate in developing logistics solutions to improve efficiency of China’s logistics industry. YTO Express will work closely with Alibaba’s logistics subsidiary Cainiao to enhance the industry’s logistics management capabilities as well as international and rural ... Read More »

The Perils of Operating a Search Engine Business: Google Asked to Remove 345 Million Links

The perils of operating a search engine business:  Copyright holders asked Google to remove more than 345,000,000 allegedly infringing links from its search engine in 2014. The staggering number is an increase of 75% compared to the year before. While Google has taken some steps to downrank pirate sites, the rate at which takedown notices are sent continues to rise. ... Read More »

Acxiom Corp. Sells IT Business for $190 million

Acxiom, an enterprise data, analytics and software-as-a-service company, announced that it has entered into a definitive agreement to sell its IT Infrastructure Management business (Acxiom IT) to Charlesbank Capital Partners and M/C Partners for total cash consideration of up to $190 million. The sale is expected to close in the second quarter of fiscal 2016, following the satisfaction of regulatory ... Read More »

Baidu Invests in Keru Cloud

Baidu has invested $11 million in restaurant management SaaS startup Keru Cloud. The startup aims to become an all-in-one solution for restaurants and other businesses that are going digital. It currently has about 3,000 restaurants as clients, and plans to increase that figure to 20,000 by the end of this year. Baidu told Tech in Asia that Keru Cloud “fits ... Read More »

Dun & Bradstreet Acquires Dun & Bradstreet Credibility Corporation

Dun & Bradstreet to Acquire Dun & Bradstreet Credibility Corporation in a Combination that will Deliver Market Leading Solutions for Emerging Businesses Dun & Bradstreet will purchase Dun & Bradstreet Credibility Corporation for $320 million in cash plus an earnout of up to $30 million if certain performance milestones are met through 2018. Since 2010, Dun & Bradstreet Credibility Corporation has more than doubled their revenue and in 2014 ... Read More »

LinkedIn Acquires Refresh to Help You Prepare for Your Meetings

LinkedIn has acquired Refresh, a startup that helps people prepare for their meetings by collecting and sharing information on the people they’re meeting with. Refresh, which is based in Mountain View, Calif., scours the Internet for information on the people a user is scheduled to see, such as news items mentioning those people. The app will also pull info from Facebook or ... Read More »