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Stock impact report

Multiverse, the apprenticeship unicorn, acquires Searchlight to put a focus on AI [Yahoo! Finance]

Udemy, Inc. (UDMY) 
Company Research Source: Yahoo! Finance
The company has bought Searchlight , a startup and recruitment platform that uses artificial intelligence-based technology to source talent. The plan will be to use Searchlight's tech to build new AI products for Multiverse to expand its professional training services. “Searchlight's AI, platform, and exceptional talent will allow us to better diagnose the skills needed within companies and deliver impactful solutions," said Multiverse's founder and CEO Euan Blair in a statement. "Combining our scale and world-class learning with Searchlight's technology and team will ensure even more companies and individuals benefit.” Searchlight was co-founded by twin sisters Kerry and Anna Wang (respectively CEO and CTO). Its existing customers (which include Udemy, Zapier, Talkdesk and other tech companies) will continue to be served until the ends of their contracts. After that, the plan will be to wind down Searchlight's recruitment services as they focus on Multiverse's business. The dea Show less Read more
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