M&A Deal Summary

Veritone Acquires Broadbean

On May 31, 2023, Veritone acquired software company Broadbean from CareerBuilder for 52M USD

Acquisition Highlights
  • This is Veritone’s 2nd transaction in the Software sector.
  • This is Veritone’s 2nd largest (disclosed) transaction.
  • This is Veritone’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-05-31
Target Broadbean
Sector Software
Buyer(s) Veritone
Sellers(s) CareerBuilder
Deal Type Divestiture
Deal Value 52M USD

Target

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.

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Buyer(S) 1

Buyer

Veritone

Irvine, California, United States
Category Company
Founded 2014
Sector Information Technology
Employees664
Revenue 128M USD (2023)
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 6 of 6
Sector (Software) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 VocaliD

Belmont, Massachusetts, United States

VocaliD is a speech technology company that creates bespoke AI-generated voices for discerning brands that understand the power of voice for social connection, trust, and engagement. VocaliD was founded in 2014 and is based in Belmont, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Veritone - Energy Business

Costa Mesa, California, United States

Veritone’s Energy Business is a provider of AI software and services in North America.

Sell -

Seller(S) 1

SELLER

CareerBuilder

Chicago, Illinois, United States
Category Company
Founded 1995
Sector Staffing
Employees2,000
DESCRIPTION

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

DEAL STATS #
Overall 6 of 6
Sector (Software) 2 of 2
Type (Divestiture) 5 of 5
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Workterra

Pleasanton, California, United States

Workterra is a fully configurable, easy-to-use benefits administration and enrollment platform built to simplify the growing complexity of benefits for HR and employees. Workterra was founded in 2006 and is based in Pleasanton, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Monster

Weston, Massachusetts, United States

Monster is a global online employment solution provider. Monster works by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Monster was formed in 1967 and is based in Weston, Massachusetts.

Buy -
Mergr

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Company

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