Lightcast's Acquisition of Rhetorik: Transforming Labor Market Intelligence and Data Insights

Lightcast Acquires Rhetorik



In a significant move to enhance its global presence in labor market intelligence, Lightcast has acquired Rhetorik, a UK-based data provider. This acquisition allows Lightcast to broaden its scope, providing a richer and more nuanced view of both people and companies across the globe. With the integration of Rhetorik's extensive datasets, Lightcast is set to revolutionize aspects of workforce planning, talent acquisition, and market intelligence.

The Highlights of the Acquisition



The acquisition stands out as a strategic enhancement of Lightcast’s existing data capabilities. By merging the strengths of both companies, Lightcast aims to combine demand-side signals with meticulously curated supply-side data. The result is an unprecedented capacity to support a wide array of sectors including staffing, human resources, marketing and sales, educational institutions, and government agencies.

According to Chris Kibarian, CEO of Lightcast, Rhetorik was the ideal choice for this acquisition due to its exceptional data accuracy and stringent commitment to data subject rights. Lightcast values not only the scale of Rhetorik's datasets but also its dedication to robust security measures and adherence to global privacy regulations such as GDPR, CCPA, and DPA.

What Rhetorik Brings to Lightcast



Rhetorik enriches Lightcast's data portfolio with:
  • - Over 800 million professional profiles featuring up to 26 parameters including contact details and work experience.
  • - Approximately 1.3 billion work experiences, aiding in customer targeting and audience enrichment.
  • - 60 million+ employee contacts spanning more than 50 million roles, significantly enhancing prospecting and recruitment efforts.
  • - A dataset of 280 million company records and 250 million office locations, bolstered by 12 years of financial information to facilitate market analyses.
  • - Insights into 18,000+ technology products across 180+ categories, empowering businesses to assess market maturity.

Unlocking New Market Opportunities



This acquisition is poised to unlock significant market opportunities spanning various customer bases. For enterprise clients, the combination of Lightcast and Rhetorik data means an ability to better segment audiences, enrich leads, and methodically map out global markets. Higher education institutions can now prospect potential adult students more effectively, while development teams can tap into alumni networks for new partnerships. Moreover, government organizations can leverage these insights to forge vital relationships with local employers and shape effective workforce programs utilizing real-time skills and technology data.

Meredith Amdur, CEO of Rhetorik, expressed excitement about joining Lightcast, citing a shared vision for quality data and innovation. As a Strategic Advisor, Amdur is confident that their collaboration will create a comprehensive view of global companies and professionals, enhancing decision-making processes vastly.

Implications for the Future of Labor Market Intelligence



With this acquisition, Lightcast is making a definitive statement about its commitment to providing the most accurate and compliant data available in today's rapidly evolving landscape. By not only seeking vast amounts of data but ensuring it is presented transparently and adhered to legal standards, Lightcast is establishing itself as a reliable alternative in a crowded market where many providers often take shortcuts.

As businesses strive for innovative solutions in recruiting, marketing, and planning, the enhanced services that result from this acquisition represent a significant step forward in labor market intelligence. For more information on Lightcast's products and to explore the capabilities of the newly integrated data, interested parties are encouraged to visit the Lightcast’s website.

Lightcast's operations span multiple countries, ensuring that its influence in labor market intelligence is felt globally. With this strategic acquisition, the future of labor market analytics appears not only promising but also more insightful than ever.

Topics General Business)

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