Veritone, Inc. (VERI): M&A transaction — Veritone closes $52M cash acquisition of Broadbean from CareerBuilder

Veritone, Inc.

Total consideration $52M cash on cash/debt-free basis; expected to be immediately additive to operations.
Broadbean projected to generate SaaS and GAAP revenues >$35M annualized ($30M subscription) with attractive margins.
Broadbean brings network of 3,000+ customers, 100 ATS partners, and data set of 5B+ job ad performance data points.
Acquisition accelerates Veritone's AI-driven HR solutions suite, building on prior PandoLogic acquisition.
Financial statements for Broadbean to be filed via amendment within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Veritone, Inc. completed an acquisition involving CareerBuilder, LLC, CareerBuilder International Holding B.V., and CareerBuilder France Holding, LLC for $52,000,000 in cash, subject to certain adjustments (closed 2023-06-13).

Action: acquisition
Counterparty: CareerBuilder, LLC, CareerBuilder International Holding B.V., and CareerBuilder France Holding, LLC
Consideration: $52,000,000 in cash, subject to certain adjustments
Closing: 2023-06-13

Exact text from the filing

On June 13, 2023, the Company completed the Transaction and acquired the Broadbean Business. At the closing of the Transaction (the “Closing”), the Company paid the Sellers $52,000,000 in cash, subject to certain adjustments set forth in the Purchase Agreement (as adjusted, the “Purchase Price”).

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Veritone, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-027861

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