Labor market analytics firm Burning Glass Technologies is merging with fellow labor market analytics provider Emsi, the companies announced today. Investment firm KKR is making a follow-on investment in the combined company and Strada Education Network, Emsi’s current owner, will be exiting its investment. Financial terms of the transaction were not announced.
The combined company will be called Emsi Burning Glass and led by Burning Glass CEO Matt Sigelman. Former CEO of Emsi, Andrew Crapuchettes, will serve as strategic advisor to the board and Emsi’s recently built headquarters in Moscow, Idaho, will continue to be a hub for the business along with Burning Glass’ headquarters in Boston.
“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,” Sigelman said.
Burning Glass’ operations include proprietary databases of job openings and career histories with data collected from more than 40,000 sources daily and in more than 30 countries.
“The world of work continues to undergo seismic changes as a result of automation and the Covid-19 pandemic and combating the resulting labor market challenges has become an economic and social necessity,” said Kyle Matter, who leads KKR’s Global Impact team in North America. “We believe the combination of these two industry leaders will be uniquely positioned to address these unprecedented challenges and we look forward to supporting them as they do.”