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Cloud HR and Training firm CSOD Buys Saba Software for $1.3 Billion

Feb 26, 2020 - Marketline Newswire

Cloud-based HR software provider Cornerstone OnDemand (CSOD) has bought rival Saba Software for $1.395 billion (£1 billion) as industry consolidation continues.

Founded in 1991, California-based Cornerstone OnDemand delivers learning and employee management software through SaaS packages. The deal catapults it more firmly into competition with rivals Workday and possibly even SAP and Oracle. The deal follows a tie-up between Ultimate Software and Kronos last week Essentially Cornerstone...