Flash: Echobot & Leadfeeder Acquired & Merged

Growth equity firm Great Hill Partners invested €180 million in Echobot and Leadfeeder, merging the firms into a Sales Intelligence and Go-to-market platform.  Both firms are based in Europe (Germany and Finland) and will benefit from the roadmap set out by North American RevTech firms.

The merged firm will be based in Karlsruhe, Germany, with Echobot CEO Bastian Karweg continuing as CEO.  Leadfeeder CEO Pekka Koskinen will become the CPO.  The combined company has a headcount of 250 across six offices in Europe and the US.  The new firm’s Annual Recurring Revenue (ARR) exceeds €20 million. 

Leadfeeder serves around 7,000 customers and Echobot 1,500.

Echobot’s European data coverage

Echobot offers a Sales Intelligence and B2B DaaS platform for the D-A-CH region, UK, and France.  Late last year, it added a broader European data pack.  It supports a database of 20 million European companies and over 60 million GDPR-compliant contacts.  Company and contact data is derived from both registered filings and open web sources and includes directors, shareholders, and financials. 

Echobot takes a “True Compliance” approach which gathers data only from publicly accessible sources.  Furthermore, it provides verification links to the source URLs that allow reps to answer the question, “where did my data come from?”  All data is hosted in Germany.

Echobot’s products include TARGET (prospecting), CONNECT (Sales Intelligence), DATACARE (B2B DaaS), and an API.  In addition, Echobot offers CRM integrations with HubSpot, Salesforce, Microsoft Dynamics, and SugarCRM.

“It is our goal to be the leading sales intelligence and go-to-market platform to our core European and North American markets,” said Karweg.  “Thanks to Great Hill, we have now assembled the best data, AI / ML, talent, and operating experience to achieve just that.  We are increasingly seeing organizations looking to take advantage of their own data and third-party data, and then to augment this intelligence with better, more personalized outreach.  The combination of Echobot and Leadfeeder is uniquely positioned to capitalize on a massive market opportunity at the early stages of adoption.”

Leadfeeder IP-to-Account Visitor Intelligence

Leadfeeder offers website visitor intelligence that maps IP addresses to company intelligence.  During the pandemic, it worked to identify remote workers and map them to their employers, helping refine which companies are in-market.  It also supports connectors for Google Analytics, chatbots, audience retargeting, major CRMs, Zapier, and Slack.

“Integrating Leadfeeder’s web visitor identification system with Echobot’s data and prospecting solutions creates a unique platform upon which we can both enable organizations to identify and engage high-intent prospects as well as introduce incremental applications that enhance B2B sales and marketing operations,” said Koskinen.

Karweg envisions an ABM workflow that begins with an ICP analysis that identifies net-new accounts.  The ICP is then mapped against Leadfeeder’s visitor intelligence and Echobot’s firmographics and event triggers to identify high-value, in-market accounts for programmatic marketing.  While programmatic campaigns are not yet supported, they are in development.

Great Hill Partners has also committed an additional €50 million toward future acquisitions.  In an interview with GZ Consulting, Echobot CEO Bastian Karweg indicated that the €50M in dry powder would be used towards acquiring talent, RevTech functionality, or expanded content.

The equity acquisition is a combination of primary and secondary funding, with Great Hill Partners buying out many of the original investors.  It named Growth Partner Derek Schoettle Chairman of the Board and placed Great Hill Partners Managing Director Chris Gaffney and Vice President Greg Stewart on the board of the merged organization.

Schoettle is also on the board of ABX Platform Terminus, another Great Hill investment.  He was the CEO of ZoomInfo when DiscoverOrg acquired it in 2019 (DiscoverOrg subsequently assumed the name ZoomInfo), so he and the new board members offer deep Go-to-Market domain expertise.

“Go-to-market is one of the fastest-growing areas of B2B software.  Sales and marketing organizations need timely, accurate information and intelligent systems to identify and engage their prospects in an increasingly personalized, automated fashion.  By bringing together Echobot and Leadfeeder, we can create the next-generation sales intelligence and go-to-market platform,” stated Derek Schoettle.

The transaction is a merger of equals bringing together two firms of roughly the same revenue and employee base.  Both firms have over €10M in ARR and are growing rapidly.  Echobot grew 70% last year, while Leadfeeder had a 50% growth figure.  Echobot has long been profitable, and Leadfeeder is nearing profitability. 

The firms will initially run as independent brands as they merge their operations and platforms.  The deal closed a few weeks ago but was announced this morning.  Thus, they have already begun combining finance and HR.  The two brands will be maintained in the near term with rebranding under consideration for 2023 as Echobot is also the name of a Mirai malware variant.

Valuation figures were not disclosed, but the final price was determined before the recent valuation declines and did not change.  The firms were both being advised by GP Bullhound, which suggested that packaging the two firms together would result in a more effective growth equity round.  Furthermore, the two companies offered features on each other’s roadmap so were logical complements.

Europe has been tracking behind the US in the Sales Intelligence space, with several national champions now looking to offer European datasets and local UIs.  European sales intelligence and B2B DaaS solutions must meet higher data compliance and privacy standards, incorporate registered data from national registers, support multiple currencies, and many languages.

Echobot covers the D-A-CH region (Germany, Austria, and Switzerland), the UK, and France, with a general European data package added late last year.  A Nordic data package has been accelerated due to the merger, which would increase its competitiveness against Dun & Bradstreet and Vainu.

“One of the most requested developments for 2021 was to access data from the entire European market.  That was not only requested from German customers with a strong export to European countries, but also from new, international users that want to expand into Europe,” explained Karweg last November when Echobot added coverage of over twenty European countries.

“Europe is not one country but many, and there are differences between them, whether it’s to do with culture or data compliance,” remarked Schoettle.  “Having a platform that is unique and linguistic-specific, and serving its markets with high-quality data, is a differentiator.”

“It’s a dream match,” argued Koskinen.  While previously the firm purchased contact data from multiple sources, “it has been difficult to get sufficiently up-to-date and accurate data.”  With the merger, Leadfeeder will offer better data quality and “have all the expertise in-house” to expand its coverage.

Along with higher quality data, Leedfeeder will benefit from a broader set of firmographics, financials, and sales triggers for data enrichment and lead scoring.  Leadfeeder will also be able to cross-sell Echobot’s sales intelligence, prospecting, and data enrichment services to its 7,000 customers.

“We want to be the biggest in Europe,” stated Koskinen.  “It’s going to take a few years, but I think we’re succeeding…We have long had customers all over the world.  After the merger, we will be able to offer something that no one else can.”

Echobot offers German and English-language Sales Triggers.

Bombora RevTech Integrations

Bombora Insights in Terminus

Bombora is one of the leading sources of third-party intent data gathered from B2B Media sources, with over 5,000 media websites contributing to its Company Surge intelligence.  It has chosen to remain independent and broadly partner with RevTech Companies, including six of the seven vendors that were listed in Gartner’s 2022 Magic Quadrant for ABM Platforms: 6sense, Demandbase, Terminus, Madison Logic, RollWorks, and Triblio (Foundry).

“Gartner weighs Intent data as its single-most critical capability for new account acquisition and a driving force in both customer retention and expansion,” blogged Bombora Senior Product Marketing Manager Ryan Moline.  “This full-funnel visibility into what’s important to your prospects and customers empowers your go-to-market teams with the data needed to create hyper-personalized, omnichannel buying experiences that result in more meetings booked, accelerated deal cycles, and opportunities for long-term growth.  This is just one reason why many of the companies recognized in this year’s Gartner Magic Quadrant partner with Bombora for their Intent data needs.”

Both ABX platforms and direct customers rely on Bombora to identify in-market demand, allowing them to reach out to accounts in their ICP when they are actively researching solutions.  Company Surge data can also be deployed for identifying churn risk accounts and upsell and cross-sell opportunities.

“Bombora’s content consumption model has become the de facto standard in B2B marketing for third-party behavioral data to indicate intent,” stated Forrester.

This month, Bombora announced an integration with HubSpot and an enhanced integration with Salesforce.

“Bombora has prioritized direct integrations and partnerships in order to make it easier for sales and marketing teams to access our insights without changing their workflows,” said Bombora CEO Erik Matlick.  “HubSpot is one of the most well-known marketing, sales, and service software companies in the world, and we’re thrilled for our app to be in the spotlight as they look to help B2B brands with their business challenges.”

Company Surge for Salesforce

MarTech Supply & Demand Analysis

MarTech Supply and Demand Analysis from Frans Riemersma

After I wrote about the revised 2022 MarTech Landscape, Frans Riemersma, who helped Scott Brinker update the MarTech Landscape, shared an analysis of supply and demand among various MarTech categories.  The light shading represents the “demand” side of MarTech, as captured in the frequency by which apps appear in 718 tech stacks.  The dark shading represents the “supply” side of MarTech in a particular category, as represented in the MarTech Landscape.

According to their analysis, MarTech “Monopolies” exist where there is significantly more demand than supply (technically, they are oligopolies).  Segments marked by many buyers and few suppliers include Social & Search Advertising, ABM, and Mobile & Web analytics.

Conversely, MarTech competition exists in segments with more vendors than demand.  Competitive segments include Mobile Marketing, Live Chats & Chatbots, and eCommerce Platforms & Carts.

Riemersma identified niches as segments with a low number of suppliers and limited demand.  Niche segments include Native/Content advertising, Video Marketing, Marketing Analytics, and Performance & Attribution.


My original article about the MarTech Landscape.

MarTech Landscape 2022

The new MarTech Landscape is available as a searchable database.

Scott Brinker and Frans Riemersma published the first update to the MarTech Landscape in two years.  The latest edition, which covers 9,932 solutions, is up 24% since 2020.  While 12% of the 2020 vendors (972) have either been acquired or no longer operate, another 2,904 have been added.

Brinker noted that while acquisitions continue apace, they have not resulted in industry consolidation as large players support partner ecosystems that foster new entrants:

“The irony of platform consolidation in MarTech — and cloud software more generally — is that it drives the development of more specialist and custom apps.

Consolidated platforms reduce the choices of which ones developers should build on to reach the largest possible audience.  This is the dynamic with Apple and Android that has resulted in millions of mobile apps.  It’s a virtuous cycle, as the more apps built on a platform further increase that platform’s strength — attracting even more developers to build on it.

Consolidated platforms also tend to be quite stable, both technically and as businesses that are likely to be around for years to come.  They often win on cost economies of scale and breadth of functionality.  This further drives that virtuous cycle of attracting more apps to be built on their foundation.

App platforms also play a special role in facilitating the success of specialist apps by making them more discoverable for customers in their domain through app marketplaces.  The more plug-and-play an app can be on their platform, the easier it is to adopt — which further enables more specialist apps to be successful within their ecosystem.”

Scott Brinker & Frans Riemersma, “State of MarTech 2022
The MarTech space continues its rapid growth, with nearly 10,000 solutions in 2022.

As the logos have been reduced to favicons, the data is now available on a free, interactive site called martechmap.com.  Users can mouse over any favicon to view a mini-profile with links to the company website and CabinetM profiles.  Users can search, sort, filter, and create custom PDFs.  They can also filter by keyword and vendor’s HQ country.

“The massive scale and rapid rate of change of the MarTech industry and the wealth of solutions within it was no longer well-served by a once-a-year, static graphic,” blogged Brinker.  “It’s a point in time, which is interesting to see year-over-year.  But we want this community resource to be something that is updated on a more continuous basis.  By now producing the graphic algorithmically, it’s easy to release updates in a matter of minutes — versus the dark ages of hand-placing little logos manually on a slide.”

By segment, the management group grew the fastest (67%) and the data segment had the slowest growth (7%):

  • Advertising & Promotion: 16%
  • Content & Experience: 34%
  • Social & Relationships: 17%
  • Commerce & Sales: 24%
  • Data: 7%
  • Management: 67%

“The growth in management tools is likely a result of marketing teams operating their day-to-day work in an ever more digital fashion — including greater support for remote work,” posited Brinker and Riemersma in their “State of MarTech 2022” report.

The MarTech Landscape database is in beta, so expect performance issues.  As it is an online database vs. a static list, I would recommend that vendors confirm that their products are properly displayed, including acquisitions, products that have changed names, and recently launched offerings.  For example, the ABM category is missing several vendors.  Changes can be submitted via the Contribute tab.

RevenueBase $6M Seed Round

B2B data vendor RevenueBase closed a $6 million seed round led by Bessemer Venture Partners.  Additional investors include 2 Lanterns, Argon Ventures, Converge, Feldsmith Capital, Good Friends, Graph Ventures, Gutbrain Ventures, KOA Labs, PBJ Capital, and Service Provider Capital.  The round was oversubscribed as RevenueBase enjoyed significant investor interest.

As part of the round, RevenueBase named three Directors to its Board:

  • Kent Bennett, Partner at Bessemer Venture Partners
  • Bob Davoli, Founder and Managing Director of GutBrain
  • Jude McColgan, former CEO of Localytics

RevenueBase launched last spring looking to solve issues in the B2B data market, including difficulty in identifying and engaging with Ideal Customer Profile (ICP) prospects and marketing’s reliance upon spammy demand generation instead of well-targeted messages.  RevenueBase trebled its revenue over the past year and expects to do the same this year.  It has already onboarded twenty customers, with a focus on selling data as a strategic asset to the CMO or CRO.

RevenueBase was founded by industry veterans Mark Feldman, the VP of Marketing at NetProspex before its acquisition by Dun & Bradstreet, and Milenko Beslic, who built Cheapflights, the travel industry’s first metasearch engine.  As a marketing head at Backupify, Motion Recruitment, and Localytics, Feldman became frustrated with B2B data issues, including misalignment with the sales and marketing team’s go-to-market strategy, data decay, difficulty acquiring data, and managing disparate vendors and formats.  His stint as a B2B data customer led him to return to the B2B data space and create a product that broadly aggregates company, contact, and custom customer-specific insight data that aligns 1:1 with each customers’ go-to-market strategies.

Custom insights can be any variable that enables targeting of the right businesses.  For example,

  • Does the company offer a mobile app?
  • Are they a managed service provider?
  • Do they have a call center?
  • Do they sell perishable food products?

RevenueBase then builds a custom database for clients that it calls a Revenue Database, which is updated on an ongoing basis.

“We saw a whitespace for a company like RevenueBase, especially given that we’ve seen little real innovation or change in this market over the past decade leading businesspeople to be bombarded with impersonal and poorly targeted messages multiple times a day.  This situation has been made worse by ‘The Great Resignation,’ during which so many people have left their positions, and the data hasn’t kept up with those changes. Milenko and I knew that we could build a better solution to make it easier for companies to access more buyers in order to increase revenue.  We’re excited to have the support of great investors who are on board with our vision.”

CEO Mark Feldman

RevenueBase will deploy its funds towards building a customer UX and a set of enterprise software integrations for CRMs and MAPs.  It is also looking to grow its headcount from twelve to twenty before the end of the year.

“We think the opportunity to be the B2B data refinement layer powering growth-oriented companies is massive,” said Bennett.  “We are impressed with RevenueBase’s early traction and Mark’s and Milenko’s appetite to transform the B2B data industry.” 

Feldman argues that RevenueBase is distinguished across three dimensions: “completeness of data, data accuracy at scale, and ease.”  RevenueBase offers a high-touch, white-glove offering customized to each of its clients.  It begins with customer alignment, holding a set of discovery workshops that identify each customer’s “revenue archetype.”  RevenueBase then queries its 700 million global contacts database to build tailored databases for its clients.

RevenueBase maintains a database of 700 million global contacts.

Revenue Archetypes consist of an ICP, market segmentation, pains addressed, buyer personas, sales showstoppers, and custom insights that enable buyers to be engaged more personally. 

“A revenue archetype is a model of what your ideal customer looks like, i.e., one you can derive revenue from,” Feldman explained to GZ Consulting.  “It’s where there is a mutual benefit.  They need your product/service and will pay a fair price for it.  They also will favor you over the competition because your solution will result in the best cost-benefit tradeoff for the customer.“

Conversely, the Revenue Archetype also defines companies that are not good fits such as industries or geographies that require a standard not met by a firm’s offerings (e.g., HIPAA or GDPR requirements).  It also identifies roles not involved in purchasing a company’s products or services.  These individuals may be too junior in the organization or may not work in functions that use a company’s products or services.

RevenueBase argues that its knowledge graph technology improves the set of discoverable relationships, including the “longtail of customer-specific insights,” stated Feldman.  For example, RevenueBase can identify partners, investors, technologies in use, revenue streams, business models, key resources, and modern industries (such as Fintech and SaaS) that do not fall into standard industry classifications.

Conventional firmographics vendors must have a product manager pre-define the company attributes to be collected and then build these definitions into its data collection methodology and structure.  Because RevenueBase employs a graph database, it is not subject to these structural limitations and can identify uncommon or industry-specific elements that define the ICP.  The data structure also supports multi-point verification and data attribution.  In addition, data fields with high probabilities of changing, such as email addresses, job titles, and current employers, are re-verified at least four times per year.

RevenueBase promises to “replace all of your data vendors with one solution” that “reaches every company and decision-maker across the globe that will benefit from your unique offering.”  By delivering high-quality, targeted data directly to sales and marketing systems, revenue teams avoid time-consuming sales rep data research and managing databases. Data quality steps include custom research, quarterly email re-verification, and annual phone checks.  Data is delivered via a quarterly secure CSV file transfer with a 90% accuracy SLA.

IDG Rebrands as Foundry

IDG Communications, which acquired four data and MarTech firms over the past 18 months, rebranded as Foundry (Foundryco.com).

‘’We set out to deliver on a strategy that reinvents our business for a new era in technology marketing where data and MarTech are engineered to work seamlessly together, powered by our global ecosystem of editorial brands,” said Kumaran Ramanathan, President of the newly named Foundry.  “However, to pivot, to reinvent you sometimes have to turn away from the very things that previously defined you and the long-standing equity in our name, synonymous as one of the world’s biggest media companies ultimately limits our ambition and ability to be identified as a marketing technology powerhouse.’’

Earlier this month, IDG acquired Marketing-as-a-Service (MaaS) platform Selling Simplified.   The Denver-based vendor provides lead generation products, data services, and analytics.  It also maintains a database of 160 million B2B records “specific to tech industry purchase intent.”  The acquisition added contact and account-level AI-powered lead generation capabilities to IDG’s expanding suite of intent-based marketing technologies.  IDG is moving quickly into the B2B MarTech space, having recently acquired ABM Platform Triblio, visitor intelligence vendor KickFire, and intent platform LeadSift.

“We meet with tech companies, marketers, sellers, and agencies every day and in every market around the world,” said Jason Tenenbown, Chief Strategy Officer of Foundry.  “What we’ve found is a growing disconnect between sales pipelines and marketing funnels.  Our strategy has been to leverage our proprietary data with proprietary marketing technologies to bridge that gap, creating an outcomes-based set of products and services that satisfy the needs of our clients.”

IDG Communications was founded in 1964.  It remains a wholly-owned subsidiary of IDG which is best known for its 200+ technology publications, including CIO, ChannelWorld, Computerworld, CSO, Network World, PCWorld, and TechHive.  Its digital publications provide a stream of second-party intent data “with access to more than 200 million individuals and global behavioral insights that are authenticated, timely and, contextually relevant.”

“No one else has first-party media relationships integrated with marketing technologies to help create an ecosystem that resolves customer pain points,” added Ramanathan.  “With the rebrand of IDG as Foundry, we are establishing ourselves as a company that generates and innovates with data.  While the new brand marks the completion of a major milestone in our corporate transformation, we will not stop innovating and building upon our recent success.” In a corporate branding video, Foundry emphasized that “those operating at the intersection of media and technology will have the edge.”  Furthermore, “MarTech without data simply does not work” and “campaigns without technology are limited in their ability to provide measurable return on investment” and are “hard to scale with real-world impact.”

ZoomInfo Elaborates on MarketingOS during Earnings Call

ZoomInfo continued its rapid growth, posting GAAP revenue of $222.3 million, up 59% year-over-year.  Growth was both organic (52%) and via acquisitions (7%), with a net retention rate of 116%, up from 108% in 2020.  Revenue grew 13% on a sequential basis.

Roughly half the increase in net retention was due to new functionality, and half was due to improvements in gross retention and lower down-sell rates associated with the initial shock of COVID in 2020.

High-level MarketingOS functionality (Source: ZoomInfo briefing)

CEO Henry Schuck is bullish about their new MarketingOS offering as part of RevOS.  Since acquiring Clickagy 16 months ago, the firm has been building out ABM expertise in its engineering, product, strategy, and customer success teams to bring the new marketing suite to market.

“In all of our prelaunch diligence, we heard over and over again that the applications that marketers were leveraging to do account-based marketing were falling short for one main reason,” detailed Schuck.  “The data being leveraged in those platforms was both inaccurate and incomplete.  And that’s no surprise.  Today’s ABM platforms were all designed to leverage a company’s own first-party data that exists in their CRM or marketing automation system.”

“And in 15 years of running ZoomInfo, I’ve never heard a rep manager or revenue leader describe that type of data as either complete or accurate.  Yet without accurate and complete data, marketers aim advertising dollars at the wrong company and target the wrong people at those companies.  They deliver fruitless leads to sales, which erodes confidence and fails to build alignment between sales and marketing.  So, we built MarketingOS the same way we build every application with our best-in-class data at the foundation of the application layer…

For today’s B2B revenue teams, data, insights, technology, and orchestration are core to the motion they use to market and sell their products.  But these capabilities are siloed.  Some can be found in marketing tech or revenue operations, while others are in the sales tech stack.”

ZoomInfo CEO Henry Schuck

MarketingOS also benefits from ZoomInfo’s longstanding presence among sales teams, improving the credibility of marketing data and removing channel conflict induced by sales and marketing standardizing on different third-party reference databases.

According to Schuck, the RevOS positioning helps reps better explain ZoomInfo’s broad value proposition:

“What RevOS does for us, and what the different platform and product pillars do for us, is it gives us a cohesive story that we can tell all across our business from our enterprise business to our mid-market business to our SMB business. And we believe that the products that we’ve put together have applicability across customers of all sizes…What it does from an enablement perspective is it gives our sellers the ability to go into those conversations in a way that allows them to articulate the broad spectrum of the platform in a way that our customers are understanding much more clearly.”

ZoomInfo CEO Henry Schuck

It test-marketed the RevOS positioning in December and January and found that the updated messaging raised both the win rate and average sales price.  RevOS messaging helps reps position Chorus, RingLead, and Engage at the beginning of conversations.

ZoomInfo now presents itself as a best-of-breed platform that replaces disparate elements of the sales and marketing tech stacks.

ZoomInfo, which announced the RevOS ABM Platform last week, is positioning itself as a best-of-breed platform for revenue teams.  ZoomInfo offers a unified platform for sales and marketing, removing the need to stitch together many point solutions that address individual workflows or problems.  With over 10,000 MarTech solutions alone (according to Scott Brinker of ChiefMartec), selecting and integrating many services has become increasingly difficult.  Conversely, go-to-market platforms such as ZoomInfo ABM Platform manage data, workflow, analytics, forecasting, and communications.

ZoomInfo is not looking to displace systems of record such as CRMs or MAPs but to synchronize with them and enrich their data.  For the past few years, it has been growing beyond traditional sales intelligence (companies, contacts, technographics, event triggers) to workflow, data orchestration, and engagement tools (webforms, visitor intelligence, programmatic marketing, chat, triggered workflows, sales cadences, engagement analytics, conversational intelligence, pipeline forecasting, etc.).  In 2021 it shifted from content acquisitions (e.g., Zoom Information contacts, Clickagy intent, Everstring business graphs) to orchestration (e.g., RingLead) and Engagement (e.g., Insent chat and Chorus Conversational Intelligence and forecasting) acquisitions. 

Likewise, ZoomInfo’s expanded product offerings support Sales Engagement, Recruitment, and ABM.

“We significantly expanded our offering by developing an application layer on top of our best-in-class data assets and acquiring and quickly integrating chat conversation intelligence and orchestration technology into the platform,” explained Schuck.  “These innovations enabled us to add more new customers than ever before and drove increasing levels of sales to existing customers and record net revenue retention of 116%, up from 108% in 2020.”

From a GTM perspective, ZoomInfo is not looking to verticalize its platform but focus more on functional specialization.  As a result, the new RevOS platform positioning focuses on four functions: Marketing, Sales, Operations, and Recruitment.

“It’s more aligned around personas that we sell to,” explained Schuck.  “The new packaging and models that we’re rolling out are aligned around persona, so a sales persona, a marketing persona, an operations persona, and a recruiter and talent acquisition persona.  And that’s the way we really think about our offering and the way that we take them to market.”

SalesIntel Launches Two Products

Sales Intelligence and B2B DaaS vendor SalesIntel announced two products at its inaugural SAS2021 user conference last month.  CEO Manoj Ramnani founded SalesIntel a decade ago as Circleback, a contact enrichment and syncing service for inboxes, but pivoted the firm to focus on high-quality B2B data three years ago and rebranded the company SalesIntel. 

SalesIntel was born “with a mission to provide quality data, timely intelligence, and streamlined workflow to help businesses achieve their growth objectives.”  Its guiding principle, and unique value proposition, is keeping humans in the loop.  Human-verified data is re-verified every 90 days, providing them with a 95% contact accuracy claim.

At launch, the company had 50,000 human-verified companies and one million contacts.  Three years later, the company has

  • 87 million machine-verified contacts
  • 10 million human-verified contacts, 90% of which are North American.
  • 14 million machine-verified company profiles
  • 3 million human-verified company profiles

They have also partnered with Bombora for intent data and an undisclosed vendor for technographics.

The first new service, Data Enrichment, provides company, contact, and technographic data enrichment for Marketo, Salesforce, and uploaded CSV files.  Data matching is performed against email, phone, domain, company name, and contact name.  Fuzzy logic is employed for company and contact name matching.

SalesIntel Enrichment Report in Salesforce.

The service includes a PDF downloadable enrichment report that details data quality and fill rates.  If the admin is concerned about the enrichment, she may roll back the process.

SalesIntel also supports webform enrichment.

InboxIntel supports contact data syncing and enrichment from Gmail, Office 365, Exchange, and IMAP.  New contacts are ingested from signature blocks, matched against the SalesIntel database, and uploaded to Salesforce.   It is important to note that SalesIntel is not uploading and storing the data in their servers to build out its dataset but simply using it to populate and enrich its customers’ CRM.

InboxIntel also checks to see whether other new contacts at the company match a pre-defined buyer persona.  The service then asks whether these additional contacts should be added to the service.

InboxIntel identifies additional contacts in target personas.

If both the company and contact are new to the CRM, records may be added to Salesforce as leads or accounts and contacts.

Both products are available as beta services through the end of the year. After that, they will be packaged as separate offerings.  Ramnani described them as “new modules of our Modern Go-to-Market platform that will help with the firm’s continued growth.”

SalesIntel has grown to 400 employees and 2,000 global researchers.  The company supports over 1,000 companies and nearly 10,000 users.

SalesIntel posted 200% revenue growth over the past year.

Dun & Bradstreet Acquires NetWise Data and Eyeota (Part II)

Dun & Bradstreet announced the acquisition of a pair of digital B2B data companies to support its Audience Solutions. (Part I)

NetWise offers Dun & Bradstreet a B2B-to-consumer ID Graph that helps Audience Solutions compete in this broader digital context.  The Graph includes 30 million U.S. businesses, 100 million business professionals, 250 million opted-in consumer profiles, and 70 million consumer-to-business linkages.  At the audience level, NetWise supports over 500 standard B2B segments and 150 consumer segments.

NetWise extends D&B Audience Solutions’ identity graph “across every major online channel, individual device, or a marketing platform,” said Dun & Bradstreet CEO Anthony Jabbour.  “Just as our clients rely on the D-U-N-S Number for precision in their offline data, we’re looking to provide the same level of confidence and consistency online as well.”

NetWise adds a B2B-to-Consumer Graph for cross-channel, cross-device digital marketing.

NetWise excels at joining the offline and online worlds together to connect business personas to their online personas,” said NetWise CEO Dwight Gorall.  “We look forward to joining the Dun & Bradstreet family with Eyeota. Once together, we can work to create a complete solution for clients, enabling a full spectrum of capabilities – from audience creation to activation – at scale across many demand-side platforms, customer relationship management systems, connected T.V. or social media platforms. We are committed to helping global enterprises future proof their marketing strategies so they can thrive in a multichannel world.”

NetWise notes that it is the “original producer” of its B2B data products built from first-party data sources, including state and federal business filings, company websites, job descriptions, job postings, social websites, and business directories.  Moreover, the firm has unrestricted rights to use and sell its data.  Thus, it offers supplementary intelligence for enriching Dun & Bradstreet’s company and contact files.

According to its FAQ, “NetWise generates comprehensive and deterministic B2B segments using current job titles, company firmographics, and other self-declared business-related attributes like skills, education, certifications, etc.  This is accomplished by analyzing publicly available information and data created directly by persons in our dataset.  These data features are often multi-source validated across our compiled data.  Segments are deterministic, based on foundational information and never modeled unless explicitly indicated.”

NetWise is fully compliant with CCPA.  In addition, its Data Protection Officer is a California-licensed attorney.

Outside of the US, NetWise maintains 100 million global profiles that can be folded into WorldBase and 300 million non-EU global profiles.  NetWise does not build profiles on GDPR (EU) subjects.

Dun & Bradstreet is acquiring 100% of the outstanding ownership interest in NetWise Data for an estimated purchase price of $69 million upon closing, subject to net working capital adjustment.  The deal is expected to close during the fourth quarter.

NetWise is based in Boca Raton, Florida and has 47 headcount (as per LinkedIn).


Continue to Part III which covers Eyeota.