Veritone To Acquire Broadbean, Signifying Deeper, Global Commitment For Veritone'S Ai-Powered Human Resources Solutions
Acquiring Company
Veritone
Acquired Company
Broadbean
Irvine
United KingdomSoftwareArtificial IntelligenceAnalyticsMachine LearningNatural Language ProcessingBig DataDescription
Veritone, Inc. (NASDAQ: VERI) ("Veritone" or the "Company"), a leader in enterprise AI software and services, today announced its agreement to acquire Broadbean, a global leader of software-as-a-service (SaaS) technology that makes talent acquisition and engagement easier, faster and more efficient, from CareerBuilder. Covering more than 180 countries, serving 3,000+ clients and integrated with over 100 Applicant Tracking Systems (ATS) partners, the strategic acquisition of Broadbean will expand Veritone's AI-powered human resources solutions offerings and will build upon Veritone's acquisition of PandoLogic in 2022. Total consideration paid will be $52.5 million in cash on a cash- and debt-free basis. The acquisition is expected to be immediately accretive to Veritone's operations, and on a standalone basis, is expected to generate SaaS and GAAP revenues of over $35.0 million on an annualized basis while contributing attractive EBITDA margins.
Quick answer
Veritone is acquiring Broadbean, announced May 31, 2023. Veritone is based in Irvine, California, United States.
- How much did Veritone pay for Broadbean?
- The deal value was not disclosed.
- What does Veritone do?
- Veritone, Inc. operates in the artificial intelligence and technology industry, focusing on advanced AI solutions that transform unstructured data into actionable insights.
- Where are Veritone and Broadbean based?
- Veritone is based in Irvine, California, United States. Broadbean is based in United Kingdom.
- Who are the decision-makers at Veritone?
- Fundz holds 2 contacts at Veritone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Analytics and Natural Language Processing
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Onemagnify Acquires Rxa To Extend Data-Driven Solutions Capabilities (May 11, 2023)
- Gridbeyond Acquires Veritone’S Energy Business (July 10, 2023)
- Veritone Closes Acquisition Of Broadbean (June 14, 2023)
- Qlik Acquires Talend, Combining Its Best-In-Class Data Integration With Talend’S Leading Data Transformation, Quality, And Governance Capabilities (May 16, 2023)
- Xfactor.Io Acquires Decisionlink To Deliver Comprehensive Suite Of Go-To-Market Solutions (April 17, 2023)
- Questionpro Acquires Pathosai, Ushers In New Era Of Understanding, Predicting & Influencing Customer Emotion (June 21, 2023)
Who to call at Veritone, and when
When Veritone changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Veritone raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Veritone, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Veritone. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Veritone makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Broadbean?
Broadbean was acquired by Veritone, based in Irvine. The deal was reported on May 31, 2023. Veritone, Inc. operates in the artificial intelligence and technology industry, focusing on advanced AI solutions that transform unstructured data into actionable insights. Veritone is publicly traded (VERI) and operates in Software.
When did Veritone acquire Broadbean?
Veritone's acquisition of Broadbean was reported on May 31, 2023. Veritone, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Broadbean do?
Broadbean is the company acquired in this transaction. It is privately held, and is based in United Kingdom.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.