PandoLogic News
14 articles
לקראת מיזוג: כשנתיים לאחר המכירה - סבב פיטורים בפנדולוג'יק
PandoLogic, an Israeli company that developed technology for recruiting employees using artificial intelligence, is expected to merge with another company in the human resources field. The company announced its acquisition of another company, Veriton, on June 1, 2023. Following the acquisition, PandoLogic is undergoing a round of layoffs. The number of employees laid off is unknown but estimated to be around 30. The merger and layoffs have a negative impact on the companys growth.
Layoffs
Veritone to Buy PandoLogic, for $150M
Veritone, a Denver-based creator of an operating system for artificial intelligence, is set to acquire PandoLogic, a provider of intelligent hiring solutions, for $150 million. PandoLogic utilizes AI to improve the efficiency of the hiring process for employers. Veritone, on the other hand, offers AI technology and solutions through its proprietary operating system, aiWARE™. 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. The total consideration for the acquisition includes upfront payments of $50 million in cash and $35 million in Veritone stock. The transaction is expected to close in the third quarter of 2021.
Acquisition
The Programmatic Revolution Starts Now: PandoLogic and Aptitude Research to Debut New Findings at Spring HR Tech Conference
PandoLogic, the worlds leading provider of programmatic recruitment advertising, will share the findings from a new research report during the Spring HR Technology Conference. The report details the importance of programmatic job advertising and its role in recruitment spend ROI. PandoLogics pandoIQ platform enables employers to source qualified applicants faster and more efficiently through data science and machine learning. The company has benefited over 125,000 employers and more than 700 digital publishers since 2007.
CustomersPartners
PandoLogic Expands, Opening New Offices in Herzliya
PandoLogic, a provider of programmatic recruitment advertising, has announced the relocation of its international research and development facility from Kfar Saba to Herzliya, Israel. The new facility is strategically located and reflects the companys growth and commitment to innovation and diversity. PandoLogics shift towards digital transformation has led to its global success, especially during the COVID-19 pandemic. The companys COO and General Manager expressed confidence in the new location supporting employee well-being and productivity. PandoLogics pandoIQ platform uses data science and machine learning to optimize job advertising for employers, staffing firms, and RPOs.
Expand
Press
Veritone, Inc, PandoLogics parent company, has announced its agreement to acquire Broadbean, a global leader in software-as-a-service (SaaS) technology that makes talent acquisition and engagement easier. PandoLogic, a wholly owned subsidiary of Veritone, has also announced the launch of its latest innovation, pandoDIVERSITY, at the UNLEASH Conference in Las Vegas. The new solution is designed to help customers attract and recruit underrepresented job candidates. PandoLogic has also announced a strategic partnership with VONQ, a job marketing solutions provider, and has released its newest Labor Markets Insights Report, which examines the second half of 2022 and forecasts probable trajectories for 2023.
AcquisitionPartnersCustomersExpand
PandoLogic Announces Pando, a Job Classification Algorithm for Programmatic Recruitment
PandoLogic has announced the Pando algorithm, the industrys first AI-enabled job description classification algorithm for programmatic job advertising. The algorithm simplifies applicant sourcing and optimizes job advertising spend by automatically indexing job ads and matching them to the optimal campaign strategy. It also predicts job ad performance by extracting 37 attributes from the job description. PandoLogics CEO, Jonathan Bulkeley, stated that the algorithm demonstrates the companys track record of innovation in recruitment marketing. The Pando algorithm uses natural language processing and AI to parse job descriptions and assign the correct classification, allowing for targeted campaign strategies. PandoLogics CTO, Amir Kaldor, highlighted the integration of the Pando algorithm with other sophisticated algorithms in their end-to-end job advertising platform.
Expand
PandoLogic Unveils AI-Enabled Algorithm That Predicts Job Ad Performance
PandoLogic has unveiled a new AI-enabled algorithm called NAVi that can predict job ad performance before the ad has been campaigned. The algorithm is now available through pandoIQ, PandoLogic’s programmatic job advertising platform for enterprise recruiting. This innovation revolutionizes talent sourcing by providing HR professionals with sophisticated tools to tackle age-old problems. The NAVi algorithm utilizes advanced machine learning technology and PandoLogic’s historical job ad performance data to accurately predict job advertising performance. PandoLogic enables employers to source quality applicants faster and more efficiently through the use of big data, AI, and proprietary campaign algorithms.
CustomersPartners
RealMatch Rebrands and Launches AI-Enabled Job Advertising Platform for Enterprise Recruiting
RealMatch, a pioneer in programmatic recruitment advertising, has rebranded as PandoLogic. The company has launched pandoIQ, a programmatic job advertising solution that uses algorithms built on advanced data science, machine learning and artificial intelligence. The platform automates and optimises the process of advertising jobs, eliminating manual processes, data silos and inefficient spending. The platform has been praised by Avis Budget Group for revolutionising its candidate sourcing strategy. PandoLogics CEO, Jonathan Bulkeley, said the company was excited to be at the forefront of the programmatic recruitment revolution.
Management Changes
Gannett Enters Strategic Partnership with RealMatch to Expand Recruitment Advertising Services
RealMatch and tronc Partner to Launch Programmatic Job Sites in 12 Markets
RealMatch has partnered with tronc to launch 12 local job sites, aimed at helping troncs local media companies grow their recruitment business. The partnership utilizes RealMatchs programmatic recruitment advertising solution and vast national network to generate more qualified applicants in less time compared to traditional job boards. RealMatchs job-matching technology saves time for employers by automatically screening and ranking applicant quality, while delivering highly relevant jobs to job seekers. The partnership gives tronc a competitive advantage in their local markets and expands their reach of postings and resumes across multiple sites and networks.
Partners
Recruiter.com and RealMatch Form Partnership
Recruiter.com and RealMatch have announced a partnership to leverage Recruiter.coms job marketplace platform and RealMatchs Recruitment Advertising Technology Platform. RealMatch is a leader in the recruitment advertising space, and their technology will help bring Recruiter.coms jobs to a broad audience. The partnership is expected to have a positive impact on the growth of Recruiter.com.
Partners
Online job hiring co RealMatch raises $8m
RealMatch, a performance-based recruitment ad solutions company, has closed $8 million in venture capital funding. The funding round was led by Edison Partners with participation from Orix Ventures and Carmel Ventures. RealMatch aims to disrupt the online recruitment industry with its advanced job matching technology and performance-based recruitment advertising network. The funding will be used to support growth in all areas of operations, including investment in new products and services. RealMatch CEO, Jonathan Bulkeley, believes that the additional funding validates their model and will help them secure a leadership position in the market.
Investment
Online recruitment co RealMatch raises $7m
RealMatch Inc. has raised $7 million in its third financing round led by Edison Ventures and joined by Carmel Ventures. The company plans to use the proceeds to improve its online recruitment advertising platform and make it more lucrative for publishers. RealMatch aims to disrupt the online recruitment industry by building the largest and most effective recruitment advertising network. It claims to reach over 100 million active and passive job seekers monthly and achieve up to four times more qualified responses to job postings compared to leading national job boards. The funding will help RealMatch accelerate its market leadership and invest in research and development, sales and marketing, and new customer acquisition.
InvestmentExpand
RealMatch Scores $4.7M, New CEO For Online Recruitment Ad Network
RealMatch, a distributed recruitment ad network, has secured $4.7 million in second-round funding. The investment will be used to boost sales and marketing efforts in the US. Marcel Legrand, a former SVP at Monster.com, has been appointed as the new CEO. RealMatch operates an online ad network for employment in partnerships with 1,200 partner job sites. The companys adaptive matching technology, Real-Time Job Matching, improves results in matching job seekers to employers. Employers can post jobs for free and purchase the results of the recruitment effort if satisfied. The funding and new CEO appointment indicate positive growth for RealMatch.
InvestmentManagement Changes
