Cornerstone OnDemand acquires Saba

Cornerstone OnDemand, a global leader in people development solutions, have announced its acquisition of Saba for nearly USD$1.4 billion.

Saba is a portfolio company of Vector Capital and a pioneer in enterprise learning market with over 20 years of industry experience developing, delivering and supporting learning, performance and recruiting product solution.

Read: Google Cloud acquires Cornerstone Technology

With the addition of Saba, Cornerstone OnDemand will have an expanded reach and ability to help a larger, diverse group of clients realize the potential of their people with the right learning and development opportunities.

“Today is a truly exciting day for our teams, our clients and our industry,” said Adam Miller, CEO and founder of Cornerstone.

“Saba and Cornerstone have always shared a passion for people development, and together we can accomplish great things. The additional depth of expertise and capability from Saba is an ideal complement to Cornerstone.

“With the combination, our product development team is expected to significantly expand, giving us the ability to develop faster, further increase competitive differentiation, and help millions of people around the world to overcome the skills divide,” he added.

The combined company will have about 7,000 enterprise customers and 75 million users.