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D&B announces plans to outsource business to IBM, cut 750 positions

Published on .

Short Hills, N.J.—D&B announced Wednesday it will outsource certain parts of its data acquisition, delivery, customer service and financial operations to IBM, and as a result will eliminate 750 positions globally.

D&B said about 220 of those employees will migrate to IBM for at least one year, with the opportunity to pursue available positions there.

The news came out of the company’s third-quarter earnings release.

D&B reported third-quarter revenue was up 9% to $333.2 million, compared with the same period last year. Within individual product lines, Sales & Marketing Solutions had revenue of $84.9 million, up 9%, and E-Business Solutions had revenue of $12.9 million, up 54%.

Net income for the third quarter was $47.1 million, a 14% increase from a year earlier.

—Carol Krol

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