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Veritone to Acquire PandoLogic, Expanding AI Platform for Intelligent Recruitment

Veritone to Acquire PandoLogic, Expanding AI Platform for Intelligent Recruitment

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DENVER–(BUSINESS WIRE)—- $VERI #AI–Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, announced it signed a definitive agreement to acquire PandoLogic, Inc, a leading provider of intelligent hiring solutions. Total consideration of $150 million on a cash and debt free basis, payable in Veritone cash and stock, with performance earnouts through fiscal 2022. This values the transaction at approximately three times PandoLogic’s expected 2021 GAAP re

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