This weekCornerstoneOnDemand, the largest provider of learning management systems, introduced its “New System of Work” vision. While the details are not yet announced, I know for a fact that a major new Cornerstone platform is coming. So since this is the month of the HR Technology Conference in Vegas, let me give you ... Read more»
This week two prominent HR Tech vendors were acquired by private equity firms. CornerstoneOnDemand, the leading LMS company, announced they will be acquired by a PE firm Clearlake for $5.2 Billion, a 31% premium to the stock price at the time. In the same week Medallia, one of the leaders in employee voice and ... Read more»
Today CornerstoneOnDemand announced plans to acquire Saba, cementing the consolidation of the enterprise learning management systems market. Together, the combined company would have total recurring revenue of around $818 Million in 2019, making the company a near billion-dollar recurring revenue company.
While this makes Cornerstone a force to be reckoned with, it represents the ... Read more»
As I’ve described in several articles over the last few weeks, the Learning Experience Platform (LXP) market is growing rapidly. This market is now over $200M in size, growing at over 100% per year, and vendors like Degreed, EdCast, Fuse, CornerstoneOnDemand, SkillSoft, Valamis, and others are jumping in.
In this article I’d like ... Read more»
CornerstoneOnDemand is one of the most successful cloud vendors in the market for integrated talent and learning management software. The company was founded in 1999 and over the last 20 years has steadily built a global business providing end-to-end HR software to meet the needs of large and mid-sized companies.
The company competes with a ... Read more»
The corporate training market is over $200 billion around the world and it’s going through a revolution. While we often think of training as programs or courses, a new paradigm has arrived, one I call “Learning in the Flow of Work.” Let me explain.
How Corporate Training Evolved: From Classroom to PC to e-Learning ... Read more»
Over the last several years the corporate learning marketplace has been under stress. Video-based learning programs, free courses, MOOCs, and hundreds of high fidelity technical and professional programs have arrived, but corporations have struggled to deal with it effectively. As I describe in the article “Digital Learning: Ten Things We Have Learned,” the ... Read more»
In early May I attended the CornerstoneOnDemand (CSOD) customer conference and this year the company introduced several important new offerings.
As an introduction, CornerstoneOnDemand is one of the few independent, publicly traded talent management software companies in the marketplace. The company competes with dozens of other talent software companies (Saba, Skillsoft, iCims, PeopleFluent, JobVite, Halogen ... Read more»
Last month Saba, a pioneer in the market for enterprise learning and talent management systems, held its annual customer conference (more than 700 learning and HR professionals attended). I had a chance to meet with the management team, talk with many customers and employees, and talk with Saba’s new owners (Vector Capital).
My conclusion, ... Read more»
The market for corporate talent management software continues to surge. CornerstoneOnDemand just announced 39% YTY growth in revenues, and our discussions with Saba, SumTotal Systems, SAP, Oracle, ADP, Jobvite, and others show growth rates all in the double digits..
We just completed a year-long research study on the customer experience with talent management software. Despite the sky-high market valuations for these companies and the growth rate of the market, these products are not fully meeting customer needs. In fact, among the 1,146 companies we surveyed, their average overall satisfaction is 3.65 on a scale ... Read more»
Today Stepstone Solutions, one of the largest providers of talent management software solutions, changed their company name to Lumesse. While everyone has their own opinions of naming and branding strategies, I personally believe that this is a very valuable move.
Stepstone, a company with more than 1,700 licensed customers, is a large global software ... Read more»
Remember the dot.com bubble of 1995-2000? I do, and it’s back again. But this time it has a new face, it talks about SaaS, highly connected social applications, mobile apps, and talent management software. Talent management software? Yes, SaaS-enabled talent management apps have become one of the hottest investment areas in enterprise software.
The proof ... Read more»
The ever-changing market for Learning Management Systems (LMS) continues to evolve. Last year, Taleo, the largest provider of recruiting software, spent $100 million acquiring mid-market LMS vendor Learn.com. The company’s strategy, which we supported in earlier blog posts, is to expand across all elements of the talent management domain and develop an offering which ... Read more»
SumTotal Systems is the largest provider of learning management systems today (and also a major provider of integrated talent management systems). In our LMS 2011 research we show that before this acquisition SumTotal had ... Read more»