LiveCapital Announces Acquisition by D&B
Acquisition will enhance customers' access and use of D&B to make confident business decisions
San Mateo, CA. - July 27, 2005 - LiveCapital ®, a leading provider of online credit management software, today announced that it has been acquired by D&B. Under the acquisition agreement, the company will now be known as LiveCapital®, a D&B Company.
LiveCapital's credit management software will complement D&B's existing Risk Management capabilities, providing customers with an enhanced credit management experience. "Our acquisition of LiveCapital is part of our ongoing effort to improve the way our customers access and leverage DUNSRight™ so they can make confident business decisions," said Steve Alesio, Chairman, CEO and President of D&B.
Mike Grossman, CEO at LiveCapital also commented on the acquisition, "LiveCapital is extremely pleased about the merger with D&B. We believe that our combined businesses will offer more to our current and future customers that face unique challenges in credit risk management today. The combination of our businesses also complements the mission we established when we started LiveCapital almost 10 years ago. Our team is looking forward to the next phase of our journey with D&B."