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Veritone Closes Acquisition of PandoLogic

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Tuesday, September 14, 2021
Professional Services, Data Management, Communications, Technology, Human Resources, Software, Public Relations, Investor Relations, Workforce, Software as a service, Automation, Artificial intelligence, AI, Data management, Â, Adoption, Marketing, Depreciation, EBITDA, Terminology, Industry, NASDAQ, HR, Solution, Growth, GAAP, Intelligence, Organization, Larocque, Acquisition, SEC, News, Bank, Management, Medical device, PandoLogic, Veritone, the Use of Supplemental Non-GAAP Financial Information, PANDOLOGIC, VERITONE, THE USE OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

(NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI operating system, announced today it has closed the acquisition of PandoLogic, Inc ., a leading provider of intelligent hiring solutions.

Key Points: 
  • (NASDAQ: VERI), creator of aiWARE, a hyper-expansive enterprise AI operating system, announced today it has closed the acquisition of PandoLogic, Inc ., a leading provider of intelligent hiring solutions.
  • The acquisition is expected to be immediately accretive, with PandoLogic generating over $50 million in SaaS and related GAAP revenues and over $25 million of EBITDA on a pro forma 2021 basis.
  • PandoLogic President and CEO Terry Baker added, "Veritone's acquisition of PandoLogic is a significant advance in the adoption of AI across the human capital management industry.
  • This news release contains forward-looking statements, including without limitation statements regarding Veritone's acquisition of PandoLogic, pro forma financial figures, potential synergies between Veritone and PandoLogic and expected business results of PandoLogic.

Veritone to Acquire PandoLogic, Expanding AI Platform for Intelligent Recruitment

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Thursday, July 22, 2021
Data management, Professional services, Technology, Software, Human resources, Articles, Academic disciplines, Cybernetics, Recruitment, Recruitment marketing, Instant messaging, Veritone, Artificial intelligence, Machine learning, Chatbot, Hiring, PandoLogic, Veritone, the Use of Supplemental Non-GAAP Financial Information, PANDOLOGIC, VERITONE, THE USE OF SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

PandoLogic utilizes AI to accelerate the time and improve the efficiency in the process for employers hiring at scale for both mass market and difficult-to-source candidates.

Key Points: 
  • PandoLogic utilizes AI to accelerate the time and improve the efficiency in the process for employers hiring at scale for both mass market and difficult-to-source candidates.
  • PandoLogics fully autonomous recruiting platform helps employers source talent faster and more efficiently with predictive algorithms, machine learning and AI.
  • PandoLogics talent acquisition software offers best-in-class AI recruitment marketing and conversational AI technology to source candidates across multiple channels.
  • Veritone will hold a conference call to discuss the acquisition of PandoLogic and to conduct a question and answer session.