secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0000950170-23-027861
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritone closes $52M cash acquisition of Broadbean from CareerBuilder
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023027861/0000950170-23-027861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017023027861/veri-20230613.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-027861

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