Cornerstone OnDemand completed the acquisition of Saba Software from Vector Capital for $1.3bn.

Cornerstone OnDemand, a global provider of people development solutions, completed the acquisition of Saba Software, a global provider in talent experience solutions, from Vector Capital, a private equity firm, for $1.3bn. “Saba and Cornerstone have always shared a passion for people development, and together we can accomplish great things. The additional depth of expertise and capability from Saba is an ideal complement to Cornerstone. With the combination, our product development team is expected to significantly expand, giving us the ability to develop faster, further increase competitive differentiation, and help millions of people around the world to overcome the skills divide,” Adam Miller, Cornerstone CEO and Founder.