Altares Dun & Bradstreet strengthens market position with acquisition of master data specialist Olbico

Reading Time 10 minutes | Written by Anne de Geus | April 8, 2019

Press releases

Rotterdam, April 8, 2019 - Altares Dun & Bradstreet, international expert in enterprise data, has acquired Dutch software company Olbico as of March 28, 2019. Olbico, founded in 2008, specializes in creating and developing innovative software for master data management (MDM) platforms, APIs and connectors of CRM and ERP systems.

This acquisition is another step in realizing Altares Dun & Bradstreet's strategy of strengthening its leadership position in the MDM market. With this, their customers benefit from a Powerful connection between internal and external company data, creating an integrated view of the business operations. The two companies have been working together since 2010.

Agile response to market demand

The acquisition of Olbico was a strategic choice by the data specialist to meet the growing demand for an integrated approach to data. The software's scalability, agility and modern technological infrastructure were key reasons for the acquisition. Through the acquisition, Altares Dun & Bradstreet is taking an important step towards its ambition to remain the market leader in the field of datamanagement and further complement its services.

Luc Querton, CEO of the Altares Group: "We have had a partnership with Olbico for a very long time. It is an innovative company that has the same drive and ambitions. The time has now come to definitively enrich our offering with their expertise and further strengthen our market position. Through this collaboration we are bringing complex technology and data together even further. With Olbico's solutions, we can meet market developments and respond to our customers' needs faster and more agile."

Wolfert van Duin, founder and CEO of Olbico: "We are delighted to join the Altares Dun & Bradstreet Group. Olbico can now focus even more on developing solutions around Data management, business intelligence and CRM. With this, both Altares and Olbico are able to serve the international market faster and achieve our ambitious growth targets."

Second acquisition within a short time

This is Altares Dun & Bradstreet's second major acquisition within a short period of time. In September 2018, the company acquired Invoxis, a specialist in Natural Language Processing (NLP). One of their first joint innovations, IndueD™, a cloud platform for due diligence, has now been successfully introduced. The acquisitions are part of a strong business strategy to maintain the top position as a data specialist and to provide customers with innovative tooling at the right time, in the right way.

About Olbico

Olbico is a specialist in the field of data quality improvement and has intelligent solutions that enable companies to increase and guarantee the quality of data of both (international) private and business customer data. More information can be found on the website and LinkedIn.

About Altares Dun & Bradstreet

As an expert in business data, Altares collects, structures, analyzes and enhances B2B data to make it "smart" and facilitate decision-making for senior and operational managers. The group offers its expertise across the entire data value chain.

Altares Dun & Bradstreet, the world's largest international B2B information network, offers unprecedented access to its databases of more than 300 million companies in 220 countries. More information about Altares Dun & Bradstreet can be found at the website and LinkedIn.

About Naxicap Partners

Naxicap Partners - an affiliate of Natixis Investment Managers* - is a major player in the field of capital investment with 3.2 billion euros of assets under management. A committed and responsible investor, Naxicap Partners builds strong and constructive partnerships with entrepreneurs to make their projects successful. The company employs some 35 investment professionals. They work from five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt. More information is available at www.naxicap.fr.

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Anne de Geus

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