M&A Deal Summary

GridBeyond Acquires Veritone - Energy Business

On July 10, 2023, GridBeyond acquired internet software and services company Veritone - Energy Business from Veritone

Acquisition Highlights
  • This is GridBeyond’s 1st transaction in the Internet Software and Services sector.
  • This is GridBeyond’s 1st transaction in the United States.
  • This is GridBeyond’s 1st transaction in California.

M&A Deal Summary

Date 2023-07-10
Target Veritone - Energy Business
Sector Internet Software and Services
Buyer(s) GridBeyond
Sellers(s) Veritone
Deal Type Divestiture

Target

Veritone - Energy Business

Costa Mesa, California, United States
Veritone’s Energy Business is a provider of AI software and services in North America.

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Buyer(S) 1

Buyer

GridBeyond

Watford, United Kingdom

Category Company
Sector Internet Software and Services
DESCRIPTION

GridBeyond is a provider of cloud based technology which connects, controls and automates energy demand using machine learning technology. GridBeyond is based in Watford, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Veritone

Irvine, California, United States

Category Company
Founded 2014
Sector Information Technology
Employees469
Revenue 93M USD (2024)
DESCRIPTION

Veritone is an artificial intelligence company that develops a unique platform, aiWARE, which unlocks the power of AI-based cognitive computing to transform and analyze unstructured public and private audio and video data for clients in a variety of markets, including media, politics, legal and government. Veritone was founded in 2014 and is headquartered in Irvine, California.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Broadbean

London, United Kingdom

Broadbean is a provider of job distribution, candidate sourcing and big data analytics software. Broadbean’s software makes it easy to distribute jobs and search for talent online, while providing tools that optimize your recruitment process and integrate internal systems. Broadbean was founded in 2001 and is based in London, England.

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 V One

Irvine, California, United States

V One is a full-service agency creating native and traditional advertising for most recognizable brands. V One is based in Irvine, California.

Sell $104M