Emsi (aka Economic Modeling Specialists Intl) is joining Burning Glass after a 3-year stint as part of Strada Education Network (Strada). The two labor-analytics organizations combine to form a powerhouse.
As part of the transaction, Burning Glass’ largest investor, KKR, is making a follow-on investment in the combined company, and Strada will be exiting its investment. Financial terms of the transaction were not disclosed.
Prior to being part of Strada, Emsi was owned by CareerBuilder (and built a reputation as one of the best offerings of that organization). When CareerBuilder initially acquired Emsi, the company was attempting to develop a workforce analytics platform that could identify the best markets for finding in-demand talent. Emsi’s background in complex employment data and developing user-friendly software was intended to integrate into, and deeply enhance, the platform, allowing CareerBuilder to offer both historical as well as real-time information. The initiative never came to full fruition, and Emsi was sold to Strada after 6 years with CareerBuilder.
Boston-based Burning Glass lays claim to the world's largest database of real-time job openings. A highly capable management team at Burning Glass, coupled with Emsi's deep analytical abilities and a brilliant staff and focus that goes into higher education and a "cradle-to-grave" look into the work-journey, the combined company has the potential to create some interesting noise in the near future.
Crapuchettes and Sentz posted a farewell video to the company's blog:
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