Veritone Acquires PandoLogic

July 22, 2021

Veritone, Inc. entered into a definitive agreement to acquire PandoLogic, an AI-driven recruitment marketing and conversational hiring platform, for total consideration of $150 million payable in cash and Veritone stock plus performance-based earnouts. The acquisition, expected to close in late Q3 2021, expands Veritone's AI addressable market into talent acquisition and adds a recurring SaaS revenue stream—PandoLogic generated over $50 million in pro forma 2021 GAAP revenues and strong EBITDA margins.

Buyers
Veritone, Inc.
Targets
PandoLogic, Inc.
Location
New York, United States
Transaction Type
Buyout

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