Cornerstone announces acquisition of EdCast
Cornerstone OnDemand has announced the acquisition of upskilling platform EdCast. With this latest acquisition, Cornerstone aims to provide users with a people growth experience that spans learning, skills, careers and mobility.
The platform 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. Together, Cornerstone and EdCast will help organisations around the world improve productivity across their businesses.
Himanshu Palsule, CEO of Cornerstone, said,“Cornerstone’s acquisition of EdCast is a significant moment for the industry. While our collective expertise and scale has the potential to transform learning, the value of the combination extends well beyond that.
With EdCast, Cornerstone customers can deliver a people growth experience that spans learning, skills, careers and mobility, alongside Cornerstone’s entire portfolio of learning management, performance, recruiting and HR management offerings, to ensure unified business rules, efficient management and optimised processes.
Post the acquisition, former CEO of EdCast, Karl Mehta will join Cornerstone to lead the new EdCast business unit within the company.
“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. The team at Cornerstone recognizes the value our EdCasters bring to the table and the importance of customer choice. 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,” said Karl Mehta.
With this latest team-up, organisations globally will be able to access an open, platform-agnostic people growth experience with a “connect to anything” approach that allows them to bring their own external LMS, content, performance, recruiting, and HRIS solutions.
Josh Bersin, Global Industry Analyst, added, “This acquisition gives Cornerstone the combination of a world class LMS with an industry leading Learning Experience Platform.” said “By bringing these two important product categories together, the company gives customers a one-stop solution for end-to-end learning solutions.”