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News Breaks
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February 6, 2012
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| 16:26 EDT |  | DNB |
| theflyonthewall.com: | Dun & Bradstreet raises cost of MaxCV program to $160M from $130M | | In February 2010, D&B announced a Strategic Technology Investment program aimed at strengthening its position in commercial data and improving its current technology platform, called MaxCV. The most recent estimate was that the project would cost about $130M and be completed in the second half of 2012. The company now believes that the total cost will be approximately $160M and be completed in the second half of 2013. These changes are due to a design feature in the plan for the new data supply chain that will require rework. For 2012, the company anticipates spending approximately $60M on MaxCV. It expects approximately 70% of this amount to be operating expenses and 30% to be capital expenditures. The operating expenses will be included in non-core gains and charges. :theflyonthewall.com |
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