Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Monday it has made a significant investment in Dun & Bradstreet. Speaking about the investment, Stephen C. Daffron, President of Dun & Bradstreet and Industry Partner of Motive Partners, stated:
“Dun & Bradstreet has 177 years of history serving its global customer base, and we look forward to building upon this heritage with enhanced business solutions that meet the evolving needs of our customers. I am pleased to join the Company’s leadership team as President, and to work alongside Bill and Anthony to help realize significant value at the Company. I am confident that we can better serve our customers, accelerate growth and increase operating efficiency, and I look forward to pursuing these objectives alongside my colleagues at Dun & Bradstreet and with the support of Motive Labs, the innovation and value-creation arm of Motive Partners.”
Rob Heyvaert, Managing Partner of Motive Partners, added:
“We are proud to play an important role among the investor group in helping unlock value within this renowned company. Through Steve’s expertise, experience and leadership and with the support of our value creation team at Motive Labs, we are pleased to be able to apply the specialized capabilities of the innovators and operators from our platform for the benefit of the Company’s customers, employees and investors.”
The investment in Dun & Bradstreet comes just a couple of months after Motive Partners announced its acquisition of Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies.