Veritone to acquire Broadbean for $52M, stock falls ~10%

Veritone to acquire Broadbean for $52M, stock falls ~10%

Veritone (NASDAQ:VERI) is acquiring Broadbean from CareerBuilder for $52M in cash to boost its AI-powered human resources solutions.

Broadbean is a software-as-a-service (SaaS) technology for talent acquisition and will expand Veritone’s AI-powered human resources solutions offerings and build upon its acquisition of PandoLogic in 2021.

By: RavikashSA News Editor

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