Quick Take
Cornerstone OnDemand (CSOD) has announced the acquisition of Clustree for $18.5 million..
Clustree has developed a machine learning enhanced matching engine for enterprises to match employee skills with job roles
With the deal, CSOD is making a team & technology acquisition to bolster its skills enhancement initiative but the stock has little to indicate a major potential catalyst in the near term, so my bias is NEUTRAL.
Target Company
Paris, France-based Clustree was founded to develop software to assist organizations in maximizing their investment in human capital by using advanced machine