Cornerstone  

Santa Monica,  CA 
United States
https://www.cornerstoneondemand.com/

• Booth: 1714

Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 6,000 customers and 75M users and is available in 180 countries and 50 languages. 

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• Cornerstone Enters Definitive Agreement to Acquire SumTotal, a Skillsoft Company (Jul 26, 2022)

  Strategic combination will further expand Cornerstone’s capabilities, enhance reach of employee-centric innovation, and broaden vertical expertise in highly regulated markets

  SANTA MONICA, Calif. — June 13, 2022 — Cornerstone OnDemand, Inc., a leader in adaptive cloud-based HR software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has entered into a definitive agreement with Skillsoft (NYSE: SKIL), to acquire SumTotal, a provider of learning and human capital management software-as-a-service (“SaaS”) for customers in highly regulated and complex industries.

  With the addition of SumTotal, Cornerstone will be positioned to help a larger, more diverse group of customers transform the way they identify and develop the skills of the future, engage and develop their people, and optimize talent and business agility. The combined company will be positioned to deliver a differentiated, expanded portfolio of learning, talent, and people growth solutions with broader vertical expertise, greater financial resources, and a shared vision for the future of work.

  This announcement follows Cornerstone’s recent acquisition of EdCast, which has fueled the company’s strategy to create an open platform for people development, growth, and mobility.

  “Today is an exciting day for our teams, our customers, and our industry,” said Himanshu Palsule, CEO of Cornerstone. “SumTotal and Cornerstone share a passion for people growth and development. The additional depth of expertise from SumTotal, particularly in high-consequence vertical markets, is an ideal complement to Cornerstone. With Cornerstone’s broad portfolio and agnostic approach to innovation, we expect to offer SumTotal customers even more options for extensibility and growth. Together, we will continue our mission in helping organizations and their people to develop future-proof skills, flexibly grow their careers, and achieve shared success.”

  “The acquisition of SumTotal continues to underscore the fundamental growth thesis we see for Cornerstone, as a leading talent management SaaS platform provider,” said Prashant Mehrotra, Partner, and Paul Huber, Managing Director, at Clearlake. “We are excited to continue building on Cornerstone’s industry reputation for providing innovative software solutions to our customers through acquisitions and organic initiatives. This acquisition represents an incredible opportunity for Cornerstone to deliver more value to customers and employees alike, and combined with our O.P.S.® approach, should drive accelerated growth and value for the business.”

  Cornerstone will continue to advance its products, technologies, and services with an unwavering commitment to customer success, and the most flexible options to support the skills transformation, people experience and talent management priorities of an expanded global customer base.

  Deal details at a glance

  • The transaction is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions.
  • Centerview Partners LLC is serving as financial advisor to Cornerstone and Clearlake, and Sidley Austin LLP is serving as legal counsel.
  • PJT Partners served as the exclusive financial advisor to Skillsoft, and Weil, Gotshal & Manges LLP served as the Company’s legal counsel.

  About Cornerstone

  Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 6,000 customers and 75M users and is available in 180 countries and 50 languages. Learn more at www.csod.com.

  About SumTotal

  SumTotal provides a unified, comprehensive Learning and Talent Development suite that delivers measurable impact across the entire employee lifecycle. With SumTotal, organizations can build a culture of learning that is critical to growth, success, and business sustainability. SumTotal’s award-winning technology provides talent acquisition, onboarding, learning management, and talent management solutions across some of the most innovative, complex, and highly regulated industries, including technology, airlines, financial services, healthcare, manufacturing, and pharmaceuticals.

  SumTotal partners with many leading global organizations, including a number of Fortune 500 companies. SumTotal’s Talent Development suite supports learning and talent management initiatives for their customers and offers measurable impact across the entire employee lifecycle. Learn more at www.sumtotalsystems.com.

  About Skillsoft

  Skillsoft (NYSE: SKIL) delivers transformative learning experiences that propel organizations and people to grow together. The Company partners with enterprise organizations and serves a global community of learners to prepare today’s employees for tomorrow’s economy. With Skillsoft, customers gain access to blended, multimodal learning experiences that do more than build skills, they grow a more capable, adaptive, and engaged workforce. Through a portfolio of best-in-class content, a platform that is personalized and connected to customer needs, world-class tech and a broad ecosystem of partners, Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skill gaps and unlocking human potential. Learn more at www.skillsoft.com.

  About Clearlake

  Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA, with affiliate offices in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.https://www.cornerstoneondemand.com/company/news-room/press-releases/clearlake-capital-backed-cornerstone-enters-definitive-agreement-to-acquire-sumtotal-a-skillsoft-company/

• Cornerstone Partners with WaitWhat’s Award-Winning Media Property “Masters of Scale” on Exclusive Courses Series “Skills for Scale” (Sep 13, 2022)

  Cornerstone Partners with WaitWhat’s Award-Winning Media Property “Masters of Scale”  on Exclusive Courses Series “Skills for Scale”

  “Skills for Scale” features first-hand insights and actionable strategies from Masters of Scale’s legendary business leaders to help develop the Power Skills of the future

  SANTA MONICA, Calif. – Sept. 13, 2022 – Cornerstone OnDemand, Inc., a leader in adaptive HR solutions, in partnership with WaitWhat’s award-winning media property “Masters of Scale,” today announced “Skills for Scale,” a new series available exclusively to Cornerstone Content Anytime (CCA) customers. "Skills for Scale” will launch with 10 courses, with many more courses to follow in the coming year, strategically designed and curated to develop the most critical business and leadership skills of the future – known as Power Skills – that organizations need to be competitive in their industry, grow their people and advance their business at scale.

  Hosted by Reid Hoffman, co-founder of LinkedIn ,partner at Greylock, and Host of Masters of Scale, “Skills for Scale” courses introduce a combination of animation and audio from WaitWhat’s iconic “Masters of Scale” podcast to distill insights and analysis from iconic CEOs and founders into inspiring, actionable learning that embraces the "intrapreneurial" mindset. The courses  series covers a range of topics, such as how to hone a vision for success, sell ideas to colleagues and embrace the entrepreneurial mindset of these thought leaders. Learners hear first-person stories from a lineup of legendary leaders, including Mark Cuban, Tory Burch, Barry Diller and members of the courageous Apollo 13 crew, as well as the founders and CEOs of Airbnb, Starbucks, Disney, Wikipedia, Slack, and many more.

  “If one thing has become clear across nearly every industry and region, it is the imminent need for modern content and continuous skill-building opportunities within organizations,” said Summer Salomonsen, Vice President of Content Product at Cornerstone. “We place a strong emphasis on developing the type of content that might not yet exist within organizations, but is so desperately needed for today’s workforce. Our new ‘Skills for Scale’ series is timely, visual, and designed for busy learners to help them develop innovative business and leadership skills needed to better adapt, grow and feel prepared for the future. I'm so proud of what we've created with the WaitWhat team, and what we’ll be able to provide our customers through our dynamic and continuously growing content library.”

  With the launch of “Skills for Scale,” Cornerstone and WaitWhat have expanded their original partnership, established in 2021, which brought curated courses from WaitWhat’s award-winning “Masters of Scale” podcast to organizations worldwide through CCA. Now taking their collaboration to new levels, “Skills for Scale” courses represent even more accessible and digestible content for customers, all exclusively available in CCA’s Professional Skills and Leadership & Management curated subscriptions.

  “No matter what industry you may find yourself in, or at what level you have reached in your career journey, every person can benefit from real insights and lessons from those who have cracked the code to business success,” said June Cohen, Co-Founder of WaitWhat. “Whether you’re looking to empower your team, enhance your customers’ experience or identify your own passion and drive, the ‘Skills for Scale’ series is an incredible representation of content that inspires listeners to think bigger, broaden their skillset and take themselves – and their organizations – to the next level.”

  To learn more about the Skills for Scale series, visit: https://www.cornerstoneondemand.com/solutions/content/skills-for-scale/

  About Cornerstone

  Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 7,000 customers and 90M users and is available in 180 countries and 50 languages.

  About WaitWhat

  WaitWhat has built the most valuable independent portfolio of premium IP designed around essential human needs. WaitWhat’s value is rooted in an ultra-premium suite of media properties that live at the intersection of daily habit and human potential. It offers one of the largest bodies of timeless wisdom, and a rich, inclusionary relationship ecosystem of iconic personalities. Downloaded more than 100 million times, WaitWhat’s media properties have defined entirely new genres in the areas of business (Masters of Scale with Reid Hoffman), wellness (Meditative Story), creativity (Spark & Fire) and technology (Should this Exist?). Founded by June Cohen and Deron Triff — the former TED execs who launched TED Talks and led the media organization for a combined 17 years — WaitWhat’s approach to content is unique in the industry. The company’s success is rooted in its ability to scale each property beyond the podcast format, establishing an engaged community and ecosystem — for both consumer and enterprise markets— that extends into technology products, live experiences, story-driven learning programs, publishing, and first-of-their-kind partnerships.

  Media Contact

  Carolyn Harding, Cornerstone

  charding@csod.com

• Cornerstone Showcases Expanded Portfolio at HR Tech 2022 (Sep 13, 2022)

  Cornerstone Showcases Expanded Portfolio at HR Tech 2022

  Join Cornerstone at booth 1714 to get first looks at the company’s latest offerings and attend engaging sessions to help customers create work environments that inspire growth and success

  SANTA MONICA, Calif. – Sept. 13, 2022 – Cornerstone OnDemand, Inc., a leader in adaptive HR solutions, shared company highlights that will be showcased at the 25^th annual HR Technology Conference & Exposition at the Mandalay Bay Resort in Las Vegas this week. Throughout the week, Cornerstone will showcase how it is bringing more options, more expertise and more choice to its customers with a frictionless ecosystem of learning and talent management solutions.

  Attendees can connect with Cornerstone at booth 1714 and meet with SumTotal (recently acquired by Cornerstone) at booth 7009 for product demos, giveaways and first looks at:

  • Several advancements to EdCast by Cornerstone, the industry-leading Learning Experience Platform (LXP) acquired by Cornerstone earlier this year, including greater functionality and integration capabilities to help organizations improve growth and productivity across their business.  

  • New Cornerstone Originals content offerings, including “Skills for Scale,” a leadership-focused course produced in partnership with WaitWhat featuring first-hand insights and actionable strategies from legendary business leaders to help develop the power skills of the future.

  • SumTotal will also be highlighting the SumTotal Skills Blueprint, powered by Lightcast, which leverages Lightcast’s market labor data directly within the SumTotal platform, enabling customers to compare current job definitions with market labor data and giving managers the insights to better drive employee development.

  The company’s executives and customers will share their industry insights on emerging learning and talent management trends throughout the HR Tech conference agenda, including:

  • “Power to the People: How to Energize and Motivate Growth with Modern Content and Personalized Experiences” (Learning/Reskilling Track) - Cornerstone Global VP of Content Product & Head of Cornerstone Studies Summer Salomonsen will spotlight modern ways to approach learning and development. Starting with a fresh take on learning content strategies, to the rising importance of personalized and simplified user experiences, Salomonsen will share how today’s talent leaders can apply these proven best practices to empower their people to actively participate in their growth journeys and amplify their organization’s strategic investment. This session is being held on Wednesday, Sept. 14 at 11 a.m. in Oceanside F room.

  • A New Blueprint for the Future-Ready Workforce” (Product Demo) - Cornerstone VP of Product and Customer Experience Katie Ballantyne will lead an in-depth session highlighting several of Cornerstone’s next-generation innovations and a new technology blueprint for the future-ready workforce. Ballantyne will show attendees how Cornerstone’s fully connected system is centered on skill-building, powered by AI, experiential and completely personalized to every individual, enabling employees to learn, grow and succeed alongside businesses. This session is being held on Wednesday, Sept. 14 at 3 p.m. in Demo Room #1.

  • In the Case Study Theater on Wednesday Sept. 14, at 3:45 pm, SumTotal customer Syneos Health will be sharing its learning journey with insight on how it supplies more than 26,000 team members with scalable clinical and commercial solutions needed to navigate global development and delivery in a complex environment.

  “HR Tech is an incredibly important event for our industry, especially now as the workplace continues to evolve and learning and talent management technology take center stage,” said Himanshu Palsule, CEO of Cornerstone. “We look forward to connecting with our customers and industry peers to discuss how to solve today’s talent challenges and share how we are rethinking the talent market by putting our customers first with more power and more choice.”

  Follow Cornerstone on social media for the latest updates and announcements at HR Tech at https://www.linkedin.com/company/cornerstone-ondemand/mycompany/.  
   

  About Cornerstone

  Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 7,000 customers and 90 million users and is available in 180 countries and 50 languages.

  Media Contact

  Carolyn Harding, Cornerstone

  charding@csod.com

• Cornerstone and EdCast Accelerate Innovation for People Growth at Work (Sep 13, 2022)

  Cornerstone and EdCast Accelerate Innovation for People Growth at Work

   Cornerstone advances innovation for learning experiences fueling new momentum for EdCast LXP  

  SANTA MONICA, Calif. – Sept. 13, 2022 – Cornerstone OnDemand, Inc., a leader in adaptive HR solutions, today announced several advancements to EdCast, the industry-leading Learning Experience Platform (LXP) acquired by Cornerstone in May 2022. New skills capabilities, deepened cross-platform integrations and more intuitive insights and dashboards top the list of the latest capabilities being delivered since the acquisition to help customers improve people growth and business productivity.

  “In the past five months, we have made tremendous strides in strengthening the connections between the EdCast and Cornerstone offerings,” said Himanshu Palsule, CEO of Cornerstone. “Our priority is to deliver more value to combined customers and their users, while ensuring the EdCast LXP is still open, independent and available broadly to any organization with different learning management tools. We are invested in EdCast and bringing to life innovation that revolutionizes the learning and development market.”  

  Some of the most recent enhancements to EdCast include:

  • Enriched User Experience: Edcast customers can now take advantage of an updated user experience across products and channels based on a new design system. The new experience provides improved user experience consistency across the platform, visual design with more modern visual identity, improved accessibility standards and more seamless connection between mobile and desktop.
  • Enhanced Learner & Manager Dashboards: Updates to EdCast’s learner dashboard allow employees to connect to one another more intuitively, track their progress, manage their skills profiles and further personalize their learning experience. Manager dashboards provide new actionable insights with a singular view of how their teams are learning, what skills they have and at what level, and assign new relevant and timely learning content to engage them as an active participant in their team’s development.
  • New In the Flow of Work Integrations:  The next evolution of the EdCast Integrations Hub includes an enterprise-level workflow automation platform with ready-to-use connectors across a variety of enterprise applications and content providers, and the ability to create customized connectors, ensuring customers can seamlessly incorporate learning into the platforms their people are already using. This includes EdCast’s latest integration with Zoom Video Communication, Inc., which embeds learning and training tools within Zoom Meetings to drive productivity and upskilling in the flow of work.
  • Subject Matter Expert (SME) Empowerment: The EdCast platform now offers more power to internal SMEs so they can share their knowledge and skills with others across their organization. Employees can create their own learning badges to showcase and celebrate skill development and expertise. Employees can also share certification on LinkedIn to promote their skills outside of their organization.

  While Cornerstone is committed to keeping the EdCast product open and platform-agnostic, the company has also invested in deeper integrations with Cornerstone's existing learning and talent solutions. Together, joint customers will have improved end-to-end content experiences for learners regardless of where they consume learning via a native inline player. A new integration between EdCast and the Cornerstone Skills Graph opens up a taxonomy of over 53,000 skills to develop skill profiles and make skill recommendations based on job roles.

  Following its acquisition by Cornerstone, EdCast continues to receive industry recognition for its outstanding leadership in the market. Most recently, MyGuide, the Digital Adoption Product (DAP) offering from EdCast, was recognized as a major contender in Everest Group’s PEAK Matrix for DAP Technology r.

  "EdCast is a critical part of our product portfolio at Cornerstone, and our team is diligently focused on doing what we originally set out to do when we launched EdCast: provide the best learning experience platform on the market,” said Karl Mehta, Managing Director, EdCast by Cornerstone. “The amount of integration progress we’ve made in this short amount of time is astounding, and we have long-term plans to continue at this pace of innovation and transform learning at work.”

  To learn more about Edcast by Cornerstone, visit: https://www.cornerstoneondemand.com/edcast/

  About Cornerstone

  Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 7,000 customers and 90M users and is available in 180 countries and 50 languages.

  Media Contact

  Carolyn Harding, Cornerstone

  charding@csod.com

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