KKR acquires majority stake in Burning Glass Technologies, terms not disclosed
KKR and Burning Glass Technologies announced that KKR has completed the acquisition of a majority stake in Burning Glass from Providence Strategic Growth. Financial details of the transaction were not disclosed. The investment is part of KKR's global impact strategy, which is focused on identifying and investing behind companies whose core business models provide commercial solutions that contribute toward one or more of the United Nations sustainable development goals, or SDGs. Burning Glass' data engine tracks and analyzes job market supply and demand in real-time using proprietary analytics and taxonomies. The company will continue to be led by its current executive team, including CEO Matt Sigelman and COO Josh Ticktin. Burning Glass is the fourth investment out of KKR's global impact strategy, following investments in Barghest Building Performance, Ramky Enviro Engineers Limited, and KnowBe4.