Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in people development solutions, today announced it has acquired Clustree, a French technology company that developed an industry-leading, AI-powered skills engine and extensive skills ontology that is being used by leading global brands, including Carrefour and SNCF.

Founded in 2014, Clustree developed one of the world’s most

sophisticated skills engines using machine learning and bias-free algorithms to

help organizations

match their employees’ skills with specific job roles. Clustree developed its skills

ontology based on the consolidation of over 1 billion job skills across

multiple languages into a library of 53,000 verified skills that accurately

describe any employee profile from any industry.

Organizations

rely on Clustree’s AI-driven skills engine and skills ontology to analyze their

employee skill data to inform critical decisions regarding whom to hire, how to

develop their employees, how to structure long-term workforce planning, and

ultimately, how to close the pervasive skills gap that companies are

experiencing worldwide.

“The future

of work will require organizations and their people to continuously learn new

skills to keep up with the pace of technology and fundamental industry shifts,”

said Adam Miller, founder and CEO, Cornerstone. “In order to prepare for the

future, organizations must have a grasp on the skills and capabilities their

talent has today so they can identify skills gaps and start developing their

talent for tomorrow.”

Over the next year, Cornerstone plans to integrate the Clustree skills engine and skills ontology into its portfolio of products that make up Cornerstone’s holistic People Development solution. The integration will enable Cornerstone clients and their people to:

• Organizations will have clear insight into their

  employees’ current skills and capabilities, enabling them to better match

  employees to specific roles and build more productive teams. Additionally,

  employees will have a better understanding of the specific skills and

  capabilities they have, as well as the specialized skills required for their

  job position.

• Based on employees’

  current job positions and projected career paths, organizations and their

  people will be able to identify potential skills gaps and access personalized

  development opportunities within the flow of work, including relevant, modern

  learning content through Content Anytime.

• Organizations will be able to detect “hidden”

  skills in candidates’ resumes based on their previous job roles, credentials

  and accomplishments, enabling HR teams to better match candidates with open

  requisitions.

"We’ve dedicated the past five years to making

skills the currency of work and helping organizations prepare for the future

thanks to a very strong AI technology and product,” said Bénédicte de Raphélis Soissan,

founder and CEO, Clustree. “By joining Cornerstone, we can now expand our

footprint even larger and integrate our value proposition into a leading people

development solution that is used by thousands of organizations around the

world.” 

Cornerstone agreed to acquire Clustree for approximately $18.5 million in an all-cash deal. The transaction is subject to the satisfaction of certain customary closing conditions and is expected to close in the first quarter of 2020. More information about this acquisition will be shared during Cornerstone's next earnings announcement.

About Cornerstone

Cornerstone

is the world’s leading people development company. We believe people can

achieve anything when they have the right development and growth opportunities.

We offer organizations the technology, content, expertise and specialized focus

to help them realize their people potential. Featuring comprehensive

recruiting, personalized learning, modern content delivered in the flow of

work, development-driven performance management and holistic workforce data

management and insights, Cornerstone’s people development solutions are

successfully used by more than 3,640 global clients of all sizes, spanning more

than 40 million users across 187 countries and 43 languages. Learn more at www.cornerstoneondemand.com.