DEBUG: PAGE=domain, TITLE=Digital Transformation,ID=1573,TEMPLATE=subprogram
toggle expanded view
programcode = ITSDIG
programid = 193
database = t
alerts = t
neat = t
vendors = t
forecasting = f
confidence = f
definitions = t

Search within: Digital Transformation:

Access our analyst expertise:

Only NelsonHall clients who are logged in have access to our analysts and advisors for their expert advice and opinion.

To find out more about how NelsonHall's analysts and sourcing advisors can assist you with your strategy and engagements, please contact our sales department here.

Subscribe to blogs & alerts:

manage email alerts using the form below, in order to be notified via email whenever we publish new content:

has Database = t

Contracts Database

for Digital Transformation

Track the pattern of service adoption by monitoring Digital Transformation contract awards by your peers. Identify who are the successful vendors this industry now. Updated monthly!

These documents are available to logged in clients that have purchased access to this program.

has Confidence = f -- IGNORED

Cornerstone- Next Generation HCM Technology 2021

Vendor Analysis

by Elizabeth Rennie

published on Nov 02, 2021

Access to this report is restricted to logged in clients with access. Login to get full access

Report Overview:

This NelsonHall assessment analyzes Cornerstone's offerings and capabilities in Next Generation HCM Technology

Who is this Report for:

NelsonHall’s HCM technology profile on Cornerstone is a comprehensive assessment of its offerings and capabilities, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of HCM technology platforms and identifying vendor suitability for RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the HR technology and services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Cornerstone HCM Technology offering, capabilities, and market and financial strengths, including:

  • Identification of the company’s strategy, emphasis, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and key service components
  • Analysis of the company’s delivery organization including the location for key centers.

Key Findings & Highlights:

Cornerstone, headquartered in Santa Monica, California, is an adaptive HCM software provider.

Cornerstone was formed in 1999 under the name CyberU and operated as a provider of online corporate training and education. Its offering evolved through client and market demand, and it pivoted toward talent management and learning solutions.

In April 2020, Cornerstone acquired learning management and talent experience platform provider Saba Software, Inc. At acquisition, the combined company represented >$800m in revenues and supported ~6k clients and ~75m users globally.

Although Cornerstone has primarily developed its HCM technology organically, it has accelerated its innovation through select acquisitions over the years; recent notable examples include:

  • Saba Software (2020): learning and talent experience technology
  • Clustree (2020): AI-enabled skills platform
  • Grovo (2018): micro-learning and learning content
  • Evolv (2014): machine learning and data science platform.

In August 2021, Cornerstone agreed to be acquired by private equity firm Clearlake Capital Group, L.P. The deal valued Cornerstone at $5.2bn and was completed in October 2021.

Cornerstone positions its product offering as comprehensive 'people development solutions,' enabled through its proprietary technology.

Cornerstone's HCM technology suite is cloud-native, built on a single database and code-line, mobile-first by design, and hosted on a public cloud infrastructure.  The platform offers a modular design and requires no minimum modules to be adopted.

Cornerstone's offering is globally focused, and although it has historically been targeted to the middle and large enterprise client, it is increasingly targeting clients below 1k and segments its client base as follows:

  • Small market segment: <1k employees
  • Enterprise/Upmarket: >1k employees.

Login to get full access:

close