Business News • MarketWire • Credibility Corporation Announces $100M From Great Hill Partners |
Credibility Corporation Announces $100M From Great Hill Partners |
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Credibility Corporation Announces $100M From Great Hill Partners
LOS ANGELES, CA and BOSTON, MA--(Marketwire - July 29, 2010) - Credibility Corp., a privately-held company based in Los Angeles, today announced that it has secured a $100M commitment from Boston-based Great Hill Partners, a private equity firm that manages over $2.5 billion in capital, to build a business focused on credit and credibility services for businesses. In addition to the $100M, Great Hill Partners has also funded Credibility Corp.'s recently announced acquisition of the North American Credit-on-Self division, also known as the Self Awareness Solutions (SAS) operating unit, of D&B (NYSE: DNB). Moving forward, this business will be called Dun & Bradstreet Credibility Corp. and is wholly owned by Credibility Corp. As part of this agreement, D&B and Dun & Bradstreet Credibility Corp. have entered into a long-term strategic alliance to develop and co-market products and services.
View More : http://www.marketwire.com/mw/release.do?id=1297781&sourceType=3
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