---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-157288"
form_type: "8-K"
ticker: "VERI"
cik: "0001615165"
company_name: "Veritone, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:30:54.009140+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Veritone acquires Broadbean for $52M cash; Amazon revenue cut of $4-5M, withdraws 2023 guidance

## Summary
- Acquisition of Broadbean for $52M cash; expected close late Q2 or early Q3 2023.
- Acquisition expected to add over $35M annualized SaaS revenue and 3,000+ customers immediately accretive.
- Amazon notified reduction in HR product consumption; Q2 2023 revenue expected to decline by $4-5M.
- Company withdraws Q2 and full-year 2023 guidance due to uncertainty from Amazon impact.
- Terry Baker steps down as PandoLogic CEO; Matthew O'Connor named CRO of Veritone HR Solutions.

## SEC filing metadata
- accession: 0001193125-23-157288
- form_type: 8-K
- ticker: VERI
- cik: 0001615165
- company_name: Veritone, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615165/000119312523157288/0001193125-23-157288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615165/000119312523157288/d506895d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-157288
- JSON: https://secwatch.observer/filing/0001193125-23-157288.json
- Plain text: https://secwatch.observer/filing/0001193125-23-157288.txt

## Key facts
- Material Agreements
  Veritone, Inc. entered into Securities and Asset Purchase Agreement with CareerBuilder, LLC, CareerBuilder International Holding B.V., CareerBuilder France Holding, LLC valued at $52,000,000 in cash (effective 2023-05-27).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: CareerBuilder, LLC, CareerBuilder International Holding B.V., CareerBuilder France Holding, LLC
  - Value: $52,000,000 in cash
  - Effective: 2023-05-27
  source text: On May 27, 2023, Veritone, Inc., a Delaware corporation (the “Company”) and Veritone UK Ltd., a limited company incorporated under the laws of England and Wales with company number 10993647 (“Veritone UK” and, together with the Company, “Veritone”), entered into a Securities and Asset Purchase Agreement (the “Purchase Agreement”) with CareerBuilder, LLC, a Delaware limited liability company (“CareerBuilder LLC”), CareerBuilder International Holding B.V., a limited liability company ( besloten vennootschap met beperkte aansprakelijkheid ) incorporated under the laws of the Netherlands (“CareerBuilder B.V.”), and CareerBuilder France Holding, LLC, a Delaware limited liability company (“CBFH” and, together with CareerBuilder B.V. and CareerBuilder LLC, the “Sellers”), pursuant to which Veritone has agreed to purchase, subject to certain terms and conditions, the Broadbean Business (as defined below) from the Sellers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1615165/000119312523157288/0001193125-23-157288-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.