Announced
Synopsis
KKR-backed Burning Glass, a database of job openings and career histories, agreed to merge with Emsi, an economic data and analytics firm. Strada Education Network, Emsi’s current owner, will exit its investment. KKR is making a follow-on investment in the combined company. Financial terms were not disclosed. “Burning Glass and Emsi are two companies with a common mission: to unlock opportunity, mobility, and equity for everyone. We are deeply committed to the dignity and value of work, as well as to ensuring that employers, educators, governments, and workers are ready to meet the rapidly changing future. Our complementary capabilities in data analytics and product development will give us the scale and resources to deliver even greater value to our customers through new, enhanced products. We are looking forward to working together to continue to drive transformative change in the labor market," Matt Sigelman, Burning Glass CEO.
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