Cornerstone OnDemand, a global leader in people development solutions, announced that it has acquired Clustree, a company that developed an AI-powered skills engine and extensive skills ontology.
French tech company Clustree, founded in 2014, 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. Cornerstone agreed to acquire Clustree for approximately $18.5 million in an all-cash deal. The integration will enable Cornerstone clients and their people to build a skills inventory, identify precise areas for growth and development and make more informed recruiting decisions. More on the acquisition can be found here.
Talent for tomorrow
Adam Miller, founder and CEO of Cornerstone: “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. 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.”
Very strong AI tech
Bénédicte de Raphélis Soissan, founder and CEO of Clustree: “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. 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.”
Recruitment Tech TV spoke with Geoffroy de Lestrange, Product Marketing & Communication Director EMEA at Cornerstone, last October at UNLEASH Paris. He told us in the video below more about Cornerstone, what they do and their roadmap for 2020. “As soon as your company has an ambitious HR strategy, you might need a platform like Cornerstone.”
Cornerstone helps companies recruit, develop, manage, and engage their people. Cornerstone also helps people be their best at work with the right development and experiences. Cornerstone is a recognized global human capital management (HCM) leader with a core belief that companies thrive when they help their employees to realize their potential. Cornerstone offers solutions to help companies strategically manage and continuously develop their talent throughout the entire employee lifecycle. Featuring comprehensive recruiting, personalized learning, development-driven performance management and holistic HR planning, Cornerstone’s human capital management is successfully used by 3,645 global clients of all sizes, representing all major industries, spanning over 40 million users across 187 countries and 43 languages.
Clustree’s AI-based career platform leverages bias-free algorithms and machine learning to make sense of complex, incomplete and unstructured career data and detect skills and wishes in order to deliver tailor-made recommendations for internal mobility, talent sourcing or strategic workforce planning.