Cornerstone OnDemand acquires Clustree
Cornerstone OnDemand, Inc. has acquired Clustree, a French technology company that developed an AI-powered skills engine.
Founded in 2014, Clustree developed a skills engines using machine learning and bias-free algorithms to help organisations 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.
Organisations use Clustree’s AI-driven skills engine and skills ontology to analyse 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 organisations 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 of Cornerstone. “In order to prepare for the future, organisations 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.
"We’ve dedicated the past five years to making skills the currency of work and helping organisations prepare for the future thanks to a very strong AI technology and product,” commented Bénédicte de Raphélis Soissan, founder and CEO of 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 organisations around the world.”
Vincent Belliveau, chief executive EMEA at Cornerstone OnDemand, added, “Working with Clustree is part of Cornerstone’s strategy to increase our presence in Europe, and our brand awareness in a very dynamic and internationally recognised local tech scene in France. It was only natural to be interested in such a successful and innovative startup as Clustree. Their technology is completely disrupting HR and talent management with AI, machine learning and competency management. As it happens, we’re familiar with such technologies at Cornerstone.”
Cornerstone agreed to acquire Clustree for approximately $18.5m 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.
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