Steve Goldberg's Analyst Perspectives

Cornerstone OnDemand Acquires Saba

Posted by Steve Goldberg on Mar 15, 2020 8:34:30 AM

On February 24th Cornerstone OnDemand announced their plan to acquire rival Saba Software for approximately $1.4 billion in cash and stock. Each of the enterprise software companies went to market about twenty years ago with learning management solutions and over time broadened their product portfolios with other talent management offerings including performance management and talent acquisition. The combined company will serve more than 75 million users in about 7,000 organizations around the world and projects annual cloud subscription revenue of roughly $800 million.

Cornerstone has indicated that they plan to maintain and support Saba products and customers, although the lion’s share of ongoing investment and innovation will occur on the Cornerstone product's side; they'll port select functionality over from Saba and will leverage another recent acquisition, that of France-based Clustree, an AI-powered job-skills matching engine. The emerging company’s customers will benefit from a much larger product development team with a first order of business being the optimization of product portfolios.

Steve Goldberg

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Topics: Human Capital Management, Learning Management, Collaboration, Workforce Management, Knowledge Management, AI and Machine Learning

Steve Goldberg

Written by Steve Goldberg

Steve is responsible for the Human Capital Management (HCM) research and advisory services practice. He guides HR and business leaders in leveraging their workforce for competitive advantage. He guides HCM technology vendors on the market of buyers and where their applications and technology can have maximum impact. Steve's uniquely diverse HCM experience spans over 30 years, including HR process and HCM systems practitioner leadership roles, heading up product strategy for one of the most respected HCM application vendors, and operating his own global advisory practice. His expertise areas of coverage include HRMS, Talent Management and Workforce Management, with specialized focus on recruiting, learning, performance, compensation and payroll. Prior to joining Ventana Research, Steve worked as a corporate VP in HR at UBS/Swiss Bank Corporation and Huizenga Holdings, product strategy leader at PeopleSoft and Unicru, and was also VP and Research Director at Bersin & Associates. Over 35,000 HR professionals and business executives have been informed by one of Steve's presentations on HCM, or have read his published work. Steve holds an MBA in Human Resource Management from University of Buffalo School of Management and a BBA in Industrial Psychology from The City University of New York.