Clustree sale to Cornerstone OnDemand, Inc.

Torch Partners has acted as exclusive financial adviser to Clustree on its sale to Cornerstone OnDemand, Inc. (NASDAQ:CSOD).

Founded in 2014, Clustree developed one of the world’s most sophisticated skills engines using machine learning and bias-free algorithms to help organisations match their employees’ skills with specific job roles. Clustree 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 describes any employee profile from any industry.

Organisations rely on Clustree’s AI-driven skills engine and skills ontology to analyse 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.

Cornerstone’s people development solutions are successfully used by more than 3,640 global clients of all sizes, spanning more than 40 million users across 187 countries and 43 languages.

$18.5m

M&A

January 2020