Burning Glass Technologies, a Boston, MA-based real-time labor market data source provider, received a majority investment from KKR.
KKR took the stake in the company from Providence Strategic Growth. The amount of the deal was not disclosed.
Burning Glass Technologies is an analytics software company that leverages a database of labor market data and talent to deliver real-time data and planning tools that inform careers, define academic programs, and shape workforces.
Its applications are used by employers, workers, and educators to make data-driven decisions. Educational institutions, online learning providers and publishers use Burning Glass’ apps to align programs to career opportunity; market programs based on their career ROI; and inform student academic and career decisions. Employers, HR software providers, job boards and recruiters use them to analyze their current talent pool and project future needs. This insight allows users to develop strategic workforce plans; build market-informed job and skill definitions; and gain rich competitive intelligence.
The company, which has 320 employees worldwide, will continue to be led by its current executive team, including CEO Matt Sigelman and COO Josh Ticktin.