The Ghosts Of Web 1.0 Are Being Acquired: Sells For $55 Million

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allbusiness.jpgThe ghosts of Web 1.0 have risen from the dead and are being acquired. Beliefnet was acquired by News Corp yesterday and now Dun & Bradstreet has acquired another Web 1.0 survivor,, for $55 million. was founded in 1999 as a business information service targeted primarily at small businesses. The original company was acquired by NBCi in March of 2000 for $225 million and was merged later that year with in a business known as AllBusiness. In April 2002 the company was broken up, with the site being reacquired by founder Richard Harroch.

Since that time has taken two rounds of funding, $10 million from Vantage Point in 2004 and $12.4 million in a round led by Sutter Hill Ventures that included VantagePoint Venture Partners and Reed Elsevier Ventures in 2005.

Dun & Bradstreet said in a short statement that would be used to expand D&B’s online presence, with the purchase expected to generate $10 million in incremantal revenue in 2008 and add to earning in 2009. CEO Kath Yates said that the acquisition would marrying’s vast library of articles, videos, and podcasts with D&B’s comprehensive company and industry research, creating “one of the largest audiences of intent-driven business decision makers on the Web.”

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