The deal highlights the growing role of AI in work and education, particularly in creating efficient professional training services to fill recruitment gaps. Following the acquisition, Searchlight's co-founders, Kerry and Anna Wang, will become director of product and head of AI at Multiverse respectively. The financial terms of the deal have not been disclosed.
Key takeaways:
- Multiverse, a UK-based company that builds apprenticeship programs, has acquired Searchlight, a startup and recruitment platform that uses AI-based technology to source talent.
- The acquisition will help Multiverse to expand its professional training services and build new AI products.
- Searchlight's existing customers will continue to be served until the ends of their contracts, after which the company's recruitment services will be wound down to focus on Multiverse's business.
- This is Multiverse's second acquisition, following its purchase of Eduflow last year. The financial terms of the deal have not been disclosed.