M&A Deal Summary

Veritone Acquires PandoLogic

On July 22, 2021, Veritone acquired marketing company PandoLogic from Edison Partners for 150M USD

Acquisition Highlights
  • This is Veritone’s 1st transaction in the Marketing sector.
  • This is Veritone’s largest (disclosed) transaction.
  • This is Veritone’s 4th transaction in the United States.
  • This is Veritone’s 1st transaction in New York.

M&A Deal Summary

Date 2021-07-22
Target PandoLogic
Sector Marketing
Buyer(s) Veritone
Sellers(s) Edison Partners
Deal Type Add-on Acquisition
Deal Value 150M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Herzog Fox & Neeman (Legal)

Target

PandoLogic

New York, New York, United States
website
PandoLogic is revolutionizing the online recruitment industry by building the largest and most effective recruitment advertising network designed to connect employers and job seekers much more efficiently while helping digital publishers increase revenue and site traffic with online recruitment. PandoLogic was founded in 2007 and is based in New York City.

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Buyer(S) 1

Buyer

Veritone

Costa Mesa, California, United States

website


Category Company
Founded 2014
Sector Information Technology
Employees546
Revenue 115M USD (2021)
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 Costa Mesa, California.


DEAL STATS #
Overall 4 of 6
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Machine Box

San Rafael, California, United States

Machine Box, Inc. is a developer of state-of-the-art machine learning technologies that give organizations a suite of simple yet robust tools and models to create customized AI engines that can be deployed to enhance new or existing business solutions. Machine Box, Inc. was founded in 2017 and is based in San Rafael, California.

Buy $5M
FOLLOWING 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 -

Seller(S) 1

SELLER

Edison Partners

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 11 of 22
Sector (Marketing) 2 of 2
Type (Add-on Acquisition) 8 of 17
State (New York) 3 of 5
Country (United States) 9 of 17
Year (2021) 4 of 9
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Gambling.com Group

Saint Helier, Other-Not Shown

Gambling.com Group is a provider of digital marketing services for the global iGaming industry. The group publishes websites that offer comparisons and reviews of online gambling websites across 15 national markets in nine languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading iGaming industry portal, Gambling.com as well as Bookies.com and the CasinoSource series of portals, among many others. Gambling.com Group was forunded in 2006 and operates from offices in and is based in St. Helier, Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Bento For Business

San Francisco, California, United States

Bento For Business is a provider of financial management solutions for small and midsize businesses. Bento will use the funds to accelerate sales and marketing and continue product innovation of its payments, spend management, and business banking platform. Bento For Business was founded in 2013 and is based in San Francisco, California.

Sell -