Veritone To Acquire Broadbean For $52M In Cash; Co. Expects Acquisition To Generate Annualized SaaS Revenues Over $35M
Portfolio Pulse from Benzinga Newsdesk
Veritone is set to acquire Broadbean for $52 million in cash. The acquisition is expected to generate annualized SaaS revenues of over $35 million.
May 31, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Veritone's acquisition of Broadbean for $52M in cash is expected to generate over $35M in annualized SaaS revenues.
The acquisition of Broadbean is expected to generate significant annualized SaaS revenues for Veritone, which could positively impact the company's financial performance and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100