, a business information company, said Wednesday that it has acquired
for $8 million in cash.
Waltham, Mass. -based Open Ratings provides risk management solutions to manufacturing companies. It posted revenue of $4.5 million in 2005.
Dun and Bradstreet expects the deal to reduce its 2006 earnings by about 2 cents a share, most of which is in the first half, and add to its 2007 earnings.
The acquisition will have no impact on its 2006 full-year guidance, the company said in press release.
This story was created through a joint venture between TheStreet.com and IRIS.