Dun & Bradstreet Credibility Corp., Led By Jeffrey Stibel, Gets $100M
Los Angeles-based Dun & Bradstreet Credibility Corp., a new firm headed by Jeffrey M. Stibel, the former CEO of Web.com and former GM at United Online, said Thursday afternoon that it has secured $100M in financing from Great Hill Partners. The firm said it has also acquired the North American Credit-on-Self division of D&B (NYSE: DNB), in a deal worth approximately $100M. The firm said that Dun & Bradstreet Credibility Corp. will provide a service to help businesses to establish, monitor, and build their business credit and credibility. Stible serves as Chairman and CEO. The company also said that Great Hill Partners has committed an additional $100M above and beyond the purchase price, to invest in the business. Stibel sits on the boards of Los Angeles-based CDN Edgecast, Irvine's Autobytel, Los Angeles-based The Search Agency, and other firms.
posted on Thursday, July 29, 2010 (Link to more information)
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