Business-information provider D&B Corp. has acquired First Research for $22.5 million in cash.

Raleigh, N.C.-based First Research provides Internet-based content, such as marketing research and industry trends, that is tailored for use by sales professionals. D&B said that it plans to enhance its Hoover’s Inc. database with deeper, industry-specific content through the acquisition, and added that the deal has an earn-out potential of up to $4 million based on the unit’s financial performance.   D&B chairman and chief executive Steve Alesio said that the acquisition is part of the company’s strategic growth plan for two key reasons. First, the deal supports D&B’s plans for growing its Hoover’s online presence, and second, the deal supports D&B’s goal to delivering profitable revenue growth over time.   First Research generated 2006 revenues of $6.5 million, nearly 30 percent growth over its 2005 numbers.  Because of accounting rules -- specifically the treatment of deferred revenue -- D&B said that it does not expect the First Research acquisition to have a material impact on its 2007 revenues, or an impact on D&B’s 2007 financial guidance.

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