Tucked away in Dun & Bradstreet’s third-quarter earnings call earlier this week was the announcement that the business and financial information provider had snapped up Purisma for $48m.
Purisma, which is based in Redwood City, California, develops customer data integration software that consolidates customer information from multiple databases and applications. Purisma’s Data Hub technology will help to simplify the integration of D&B’s business data with customers’ internal systems.
In a statement D&B said that Purisma’s Data Hub technology will provide a strong technical fit for its DUNSRight data quality process offering, which aggregates and verifies data from multiple sources. D&B pointed out that the software is purpose-built to leverage its business information databases, as well as opportunities to provide a CDI solution for its mid-market customer accounts.
Data Hub will also enhance D&B’s product solutions portfolio by adding software that works within customers’ firewalls. That’s a capability that D&B hasn’t been able to offer up to now.
It was only last month that Purisma updated its Data Hub software to allow the software to be more easily integrated into corporate data management infrastructures. While labeled by many as a CDI software provider, Purisma likes to position its software as a master data management (MDM) application for defining and maintaining consistent definitions of business entities and then sharing them via integration techniques across enterprise applications. The company claims its technology is certified to load up to 30 million records across a grid of up to 15 servers.
Neither company made any comment about plans to continue to sell Purisma as a standalone CDI platform. Purisma’s partners include Business Objects, Teradata and Oracle/Hyperion Solutions.
D&B’s business information database contains statistics on more than 100 million companies across 200 countries worldwide. The company’s databases also include business credit information which it sells and integrated into third-party software products.
D&B, which is based in Short Hills, New Jersey reported third-quarter profits up 23% on lowered costs to $56.1m. Revenue for the quarter rose a more modest 7% to $389.9m, helped by contributions from other recent acquisitions.
During the same earnings call D&B also announced the formation of a joint venture in Japan to expand its risk management offerings to large multinational firms. D&B’s partner is Tokyo Shoko Research and joint operations will begin in 2008.
D&B said it holds a majority stake in the venture.
The acquisition and joint venture is will have a negligible impact of 2007 earnings but are expected to shave off 10 cents to earnings in 2008 and add to profits thereafter.