Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global provider of people development solutions, acquired Clustree, a French technology company that developed an AI-powered skills engine and extensive skills ontology used by global brands, for approximately $18.5m.
The transaction is subject to the satisfaction of certain customary closing conditions and is expected to close in the first quarter of 2020.
Over the next year, Cornerstone plans to integrate the Clustree skills engine and skills ontology into its portfolio of products.
Founded in 2014 by Bénédicte de Raphélis Soissan, Clustree developed skills engines using machine learning and bias-free algorithms to allow organizations to match their employees’ skills with specific job roles.
The company developed its skills ontology based on the consolidation of over 1 billion job skills across multiple languages into a library of 53,000 verified skills that accurately describe any employee profile from any industry.
Organizations such as leading global brands, including Carrefour and SNCF use Clustree’s AI-driven skills engine and skills ontology to analyze their employee skill data to inform critical decisions regarding whom to hire, how to develop their employees, how to structure long-term workforce planning, and ultimately, how to close the pervasive skills gap that companies are experiencing worldwide.