Cornerstone OnDemand Inc., a leader in Workforce Agility solutions, announces the acquisition of workforce skills intelligence capabilities from SkyHive Technologies Holdings Inc. This strategic move bolsters Cornerstone’s offerings, empowering organizations to navigate workforce transformation with enhanced predictive insights and skills-based strategies.
- Acquisition Benefits: Cornerstone’s acquisition of SkyHive’s AI-powered skills intelligence platform enhances its reskilling capabilities, providing predictive labor market intelligence and rapid skill proficiency detection.
- Alignment with Cornerstone’s Vision: SkyHive’s expertise aligns with Cornerstone’s commitment to openness and extensibility, simplifying technology stacks and improving time-to-value for customers.
- Real-time Insights: SkyHive’s platform parses global workforce and labor market data daily, offering real-time visibility into the global labor economy and forecasting emerging critical skills.
- Addressing Workforce Readiness Gap: Cornerstone aims to address the workforce readiness gap by enabling workforce agility within organizations through its Cornerstone Galaxy platform.
- Shared Mission: Both Cornerstone and SkyHive share a vision of educating and reskilling the world, making their partnership a natural fit to drive skills-centric approaches forward.
Expert Perspectives
- Himanshu Palsule, CEO of Cornerstone: Emphasizes the importance of understanding the skills landscape for empowering organizations to adapt to changing business needs.
- Sean Hinton and Mohan Reddy, Co-Founders of SkyHive: Highlight the alignment of missions between Cornerstone and SkyHive, expressing excitement about bringing skills-centric approaches to a wider audience.
- Dani Johnson, Co-Founder and Principal Analyst at RedThread: Acknowledges the strategic significance of the acquisition, positioning Cornerstone uniquely to offer comprehensive skills solutions.
Cornerstone OnDemand’s acquisition of workforce skills intelligence from SkyHive Technologies signifies a significant step towards enabling organizations to thrive in an increasingly dynamic workforce landscape. By integrating SkyHive’s AI-powered platform into its offerings, Cornerstone reaffirms its commitment to empowering organizations with actionable insights and skills-based strategies for success.
