Cornerstone OnDemand completes acquisition of EdCast
Cornerstone OnDemand has acquired EdCast and will move to create an open platform for people development, growth, and mobility, powered by artificial intelligence (AI), machine learning, and people data.
The platform, said Cornerstone, will enable organisations of all sizes to create a scalable learning infrastructure, extend the impact of talent technology investments, and deliver personalised growth for employees that spans learning, skill development, content, and career mobility.
Himanshu Palsule, CEO of Cornerstone, said, “Combined with the EdCast team, Cornerstone is fast tracking our commitment to platform-agnostic innovation. We’re excited to accelerate our shared and complementary vision to create a more open platform for talent leaders, and an AI-powered growth experience for people. Together, we’ll help customers take their learning and talent initiatives – and the people experience at work – to a new level.”
As part of the acquisition, Karl Mehta, former CEO of EdCast, will join Cornerstone to lead the new EdCast business unit within the company.
He added, “Innovation has always been at the heart of our vision at EdCast, and we’re excited for the opportunity to partner with Cornerstone, bringing our teams together to re-shape the market and add power and scale to our mission. Together, we are committed to focusing on people growth innovation, with the same platform independence, ecosystem, and industry-agnostic approach for which EdCast is known.”