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CRIF Acquires Dun & Bradstreet UAE in Dubai - CRIF has announced the acquisition of Dun & Bradstreet UAE (which is responsible for the Dun & Bradstreet business throughout the United Arab Emirates) from Dun & Bradstreet South Asia Middle East Limited (“DBSAME”)
CRIF Acquires Dun & Bradstreet UAE in Dubai

 

PRZOOM - /newswire/ - Bologna, Italy, 2014/10/10 - CRIF has announced the acquisition of Dun & Bradstreet UAE (which is responsible for the Dun & Bradstreet business throughout the United Arab Emirates) from Dun & Bradstreet South Asia Middle East Limited (“DBSAME”).

   
 
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The acquisition will strengthen CRIF’s industry-leading position in the field of business and credit information, and risk management solutions in the region as a member of the D&B Worldwide Network for the United Arab Emirates.

Established in Dubai in 2004 by DBSAME, Dun & Bradstreet UAE is the leading data and business information provider in the region. Dun & Bradstreet UAE, headquartered in Dubai, provides services and business information to the United Arab Emirates business community thanks to the region’s most comprehensive database, with information on about 400,000 companies, almost all active companies, as well as access to the D&B Worldwide Network.

The acquisition is part of CRIF’s global strategy, with increasing investments over recent years, and the commitment to provide the Southwest Asian market with greater added-value services and products. The solutions offered by CRIF and its subsidiaries worldwide will make it possible to respond more effectively to the needs of an increasingly demanding market in terms of advanced solutions and IT flexibility.
Moreover, CRIF’s decision support systems and software solutions combined with Dun & Bradstreet UAE data and risk management solutions will help clients optimize existing business processes in a very efficient and innovative way and strengthen relationships with other countries in Asia.

“The United Arab Emirates is a country characterized by a high rate of growth and significant potential. For this reason, we were committed to entering the market and extend our presence there - said Carlo Gherardi, President and CEO of CRIF -. The integration of CRIF with Dun & Bradstreet UAE solutions represents a further step in CRIF’s expansion in the global market, and particularly, the Southwest Asian region. Highly focused on innovation and customer service, we strive to develop our value proposition. Building on synergies between the two companies, we will be able to provide added-value risk assessment and decision management solutions, and support our mutual customers in increasing their profitability.”

“DBSAME will continue on its journey of focusing on growth markets in the rest of GCC, South Asia and Africa. In particular, we will continue investing in our business information data assets and credit bureaus. We believe that the commercial information space in the Region has several attractive opportunities to deploy capital” - said Mr. Misbah Ahmad, Vice Chairman of DBSAME and Managing Director of MESA Partners.

 
 
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CRIF Acquires Dun & Bradstreet UAE in Dubai

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Contact: Press Office - CRIF.com 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any CRIF securities in any jurisdiction including any other companies listed or named in this release.

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