Professional Diversity Network announces additional acquisition in RemoteMore

Professional Diversity Network announced the acquisition of additional 7% in RemoteMore USA on April 28, 2023. After the transaction, PDN’s ownership position in RemoteMore will increase to approximately 73%. RemoteMore has been working on an artificial intelligence solution that improves the matchmaking between companies and developers. The RemoteMore AI-powered matchmaking tools will make the company’s offering even more exciting to employers who are seeking to hire qualified developers. Delivering a high-quality matchmaking experience at scale is an important competitive advantage given the confusingly big candidate pool that remote work unlocks for companies. "AI-powered tools are some of the most impressive technological developments in recent years and their popularity is only growing," said Adam He, CEO of PDN, "The momentum in the AI space has been tremendous and we want to be able to leverage this technology within our diversity recruiting operations as well, thus providing the synergies we had envisioned when first acquiring an interest in RemoteMore."