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Richemont Selects Veritone to Power Talent Acquisition

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Veritone (NASDAQ: VERI) has secured a three-year contract with luxury goods company Richemont to enhance its global talent acquisition efforts. The partnership leverages Veritone Job Distribution technology to automate and centralize job postings across more than 2,000 job boards in over 180 countries. As a certified Workday partner, Veritone's solution will integrate with Richemont's applicant tracking system to manage job listings for brands including Cartier, Van Cleef & Arpels, and Montblanc, aiming to reduce time-to-hire and improve candidate experience.

Veritone (NASDAQ: VERI) ha stipulato un contratto triennale con la compagnia di beni di lusso Richemont per migliorare i suoi sforzi di acquisizione di talenti a livello globale. La partnership sfrutta la tecnologia di Veritone Job Distribution per automatizzare e centralizzare le inserzioni di lavoro su oltre 2.000 bacheche in più di 180 paesi. In qualità di partner certificato di Workday, la soluzione di Veritone si integrerà con il sistema di tracciamento delle candidature di Richemont per gestire le offerta di lavoro per marchi come Cartier, Van Cleef & Arpels e Montblanc, con l'obiettivo di ridurre i tempi di assunzione e migliorare l'esperienza dei candidati.

Veritone (NASDAQ: VERI) ha asegurado un contrato de tres años con la empresa de artículos de lujo Richemont para mejorar sus esfuerzos de adquisición de talento a nivel global. La asociación aprovecha la tecnología de Veritone Job Distribution para automatizar y centralizar las publicaciones de trabajo en más de 2,000 bolsas de empleo en más de 180 países. Como socio certificado de Workday, la solución de Veritone se integrará con el sistema de seguimiento de candidatos de Richemont para gestionar las ofertas de trabajo de marcas como Cartier, Van Cleef & Arpels y Montblanc, con el objetivo de reducir el tiempo de contratación y mejorar la experiencia del candidato.

Veritone (NASDAQ: VERI)는 고급 소비재 회사 Richemont와 3년 계약을 체결하여 전 세계 인재 채용 노력을 강화합니다. 이 파트너십은 Veritone Job Distribution 기술을 활용하여 180개국 이상, 2,000개 이상의 채용 게시판에 걸쳐 구직 공고를 자동화하고 중앙 집중화합니다. Workday의 인증 파트너인 Veritone의 솔루션은 Richemont의 지원자 추적 시스템과 통합되어 Cartier, Van Cleef & Arpels, Montblanc 등 브랜드의 구직 목록을 관리하며, 채용 시간을 단축하고 지원자 경험을 향상시키는 것을 목표로 합니다.

Veritone (NASDAQ: VERI) a obtenu un contrat de trois ans avec la société de produits de luxe Richemont pour améliorer ses efforts globaux d'acquisition de talents. Ce partenariat exploite la technologie de Veritone Job Distribution pour automatiser et centraliser les offres d'emploi sur plus de 2.000 sites d'emploi dans plus de 180 pays. En tant que partenaire certifié de Workday, la solution de Veritone s'intégrera au système de suivi des candidatures de Richemont pour gérer les annonces d'emploi pour des marques telles que Cartier, Van Cleef & Arpels et Montblanc, dans le but de réduire le temps de recrutement et d'améliorer l'expérience des candidats.

Veritone (NASDAQ: VERI) hat einen Drei-Jahres-Vertrag mit dem Luxusgüterunternehmen Richemont abgeschlossen, um seine globalen Bemühungen im Talentakquise zu verbessern. Die Partnerschaft nutzt die Technologie von Veritone Job Distribution, um Stellenanzeigen über mehr als 2.000 Jobbörsen in über 180 Ländern zu automatisieren und zu zentralisieren. Als zertifizierter Workday-Partner wird die Lösung von Veritone mit dem Bewerber-Tracking-System von Richemont integriert, um Stellenangebote für Marken wie Cartier, Van Cleef & Arpels und Montblanc zu verwalten, mit dem Ziel, die Einstellungsgeschwindigkeit zu reduzieren und die Kandidatenerfahrung zu verbessern.

Positive
  • Secured three-year contract with major luxury goods company Richemont
  • Integration with established brands like Cartier, Van Cleef & Arpels, and Montblanc
  • Access to over 2,000 job boards across 180+ countries
Negative
  • None.

Insights

This deal, while notable for securing a luxury brand client, appears to have immediate financial impact on Veritone. The three-year contract with Richemont represents an expansion into the luxury sector, but without disclosed financial terms, its revenue contribution remains uncertain. The partnership primarily showcases Veritone's job distribution technology and Workday integration capabilities, potentially opening doors to similar enterprise clients. However, given Veritone's $140.9M market cap, this single contract is unlikely to significantly move the needle on overall financial performance. The technology implementation focuses on operational efficiency rather than innovative AI applications, limiting its potential premium pricing power.

Veritone Job Distribution to help automate and optimize Richemont’s global recruitment program

DENVER--(BUSINESS WIRE)-- Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced that Richemont, one of the world’s leading luxury goods companies, has selected Veritone for a three-year contract to enhance its talent acquisition efforts. Leveraging Veritone Job Distribution technology, Richemont aims to streamline and optimize the recruitment process across its globally recognized portfolio of brands, including Cartier, Van Cleef & Arpels and Montblanc.

The partnership empowers Richemont to automate and centralize job postings, facilitating opportunities to reach the most relevant and qualified candidates across more than 2,000 job boards in more than 180 countries. As a certified Workday partner, Veritone’s technology will seamlessly integrate with Richemont’s applicant tracking system (ATS) enabling Richemont to efficiently manage a high volume of job listings, reduce time-to-hire and improve the overall candidate experience.

“As a job board aggregator solution, Veritone seemed like the logical choice due to their experience in the area,” said Pedro Guarita, Senior Business Consultant, Talent Acquisition and Candidate Experience Lead, Richemont. “Their solution has great flexibility, which is paramount for us at Richemont. We are looking forward to this partnership for the foreseeable future and hope to build on it.”

“We are honored to be chosen by Richemont to support their recruitment efforts with our advanced job distribution technology,” said Alex Fourlis, general manager, Veritone Hire, Veritone. “This collaboration underscores the versatility of Veritone’s talent acquisition solutions in optimizing operations across diverse industries, and we look forward to helping Richemont attract top talent to continue their legacy of luxury and excellence.”

Veritone Job Distribution allows companies to expand brand reach globally, monitor job advertising performance, drastically reduce the time it takes to post jobs and start seeing a return of quality applications. The software can be integrated within an organization’s ATS and is also available as a stand-alone application.

To learn more about Veritone’s talent acquisition solutions, visit: https://www.veritone.com/solutions/recruitment/

About Veritone

Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Media Contact:

Valerie Christopherson or Lora Metzner

Global Results Comms (GRC)

+1 949 608 0276

Veritone@globalresultspr.com



Sarah Rich

Veritone

srich@veritone.com

Source: Veritone, Inc.

FAQ

What is the duration of Veritone's contract with Richemont?

Veritone (VERI) has secured a three-year contract with Richemont.

How many job boards does Veritone Job Distribution technology cover?

Veritone's Job Distribution technology covers more than 2,000 job boards across over 180 countries.

Which luxury brands will benefit from Veritone's recruitment solution?

The solution will benefit Richemont's portfolio of brands, including Cartier, Van Cleef & Arpels, and Montblanc.

What applicant tracking system does Veritone integrate with for Richemont?

Veritone integrates with Workday as a certified partner for Richemont's applicant tracking system.

Veritone, Inc.

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