Who are Cornerstones competitors
Software manufacturer Cornerstone takes over competitor Saba
Cornerstone On Demand, a provider of talent management software and learning platforms listed on the US technology exchange NASDAQ, is taking over competitor Saba Software for around 1.395 billion US dollars. The takeover creates a company with more than 7,000 corporate customers and more than 75 million users.
Cornerstone and Saba: software products will be continued
Cornerstone boss Adam Miller announced the takeover in the last week of February. Miller will be CEO of the new major HR software provider, Saba boss Phil Saunders will take on the post of Chief Operating Officer. The integration of Saba in Cornerstone and the optimization of the product portfolio should take place this year, Saba customers would probably not have to expect that products will be discontinued. Saba and Cornerstone customers should benefit from the stronger innovative ability through the merger. Further details are currently being negotiated.
Cornerstone as well as Saba cover all areas of talent management. In addition to a learning management system and comprehensive content libraries, this includes solutions for recruiting and onboarding as well as performance and succession management. Cornerstone also complements its portfolio with a Human Capital Management Suite.
Further acquisitions in HR software
The takeover is part of a series of mergers in the HR software market: It was only at the beginning of February this year that the software house Cornerstone, founded in 1999, took over the French provider Clustree, which operates a skill matching platform. Saba, founded in 1997 in the Californian Bay Area, was only completely taken over by the financial investor Vector Capital in 2015. In 2017, the Californians took over the Canadian performance management provider Halogen, and in 2018 the European talent management provider Lumesse.
The market for learning management software is increasing
With the takeover of Saba, analysts unanimously see a clear consolidation in the market for learning management software. The deal could lead to faster product development for Cornerstone, save costs and also drive business with global corporations who expect support from around the world. Cornerstone CEO Miller sees a further advantage in the mass of data that is available to the company with the Saba integration and which means a promising starting point for a successful content strategy, better personalization and the development of machine learning tools.
Whether Cornerstone is strengthening its position vis-à-vis the larger cloud HCM providers (HCM stands for Human Capital Management) with integrated talent management and learning management systems such as SAP (SuccessFactors), Workday or Oracle and at the same time the attacks of disruptive smaller providers of learning -Experience systems such as Degreed or Docebo are doubted.
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