Veritone heeft voor $52 miljoen Broadbean overgenomen van CareerBuilder met de intentie om het in een nieuw te vormen eenheid, Veritone HR Solutions, onder te brengen samen met Veritone’s PandoLogic:
Acquisition expected to be immediately accretive, generating annualized SaaS revenues of over $35 million, of which over $30 million is subscription-based with attractive margins
Acquisition of Broadbean will advance current human resource offerings and accelerate cross-selling revenue opportunities
Will scale Veritone’s AI-powered HR Solutions business with the addition of over 3,000 customers and more than 100 ATS partners and will provide deeper expansion into human resources markets with global footprint across Europe, North America and Asia Pacific
Transaction value of $52 million in cash, expected to close in late Q2 or early Q3 2023
Veritone introduces Veritone HR Solutions, combining its existing PandoLogic products and services with Broadbean, and executive changes within the business