Sonar6’s solution will be offered as a Cornerstone solution specifically for organizations having fewer than 500 employees.
OnDemand, a specialist in cloud-based talent management solutions, announced
that it has entered into a definitive agreement to acquire privately held
Sonar6, another provider of cloud-based talent management solutions serving
small businesses globally.
said it will continue to offer and invest in Sonar6 solutions, but the
companies will not integrate their products.
will continue to operate Sonar6 in Auckland, New Zealand, where the company is
based, and Sonar6 employees are expected to remain in their current roles after
the transaction closes. The company's integrated software-as-a-service (SaaS)
solution consists of the Cornerstone Recruiting Cloud, the Cornerstone
Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended
CEO Michael Carden will be appointed to Cornerstone's newly created position of
vice president of small business operations. In addition, co-founder Mark
Hellier will continue in his role of driving innovation as head of product, and
Pete Weaver will remain as head of retention.
products will remain separate to preserve Cornerstone's organically developed
solution for enterprise and midmarket clients. Sonar6's wares will be offered
as a Cornerstone solution specifically for organizations having fewer than 500
employees. Sonar6 brings more than 350 global clients to Cornerstone, a joint
press release noted.
said it expects to complete the transaction within 30 days, subject to closing
recent consolidation in the talent management space has disrupted the market
and created many opportunities for Cornerstone," said Adam Miller,
president and CEO of Cornerstone OnDemand. "ERP vendors are now distracted
with merging product roadmaps and engrossed in the integration of their new
cloud offerings, and we saw a clear opening to accelerate our strategy and
penetrate the SMB market. Sonar6 has built a reputation as the leading
talent management solution for small businesses. Together, we will expand
Cornerstone's global market opportunity."
is known in the talent management industry for its ability to engage employees
with its interactive technology. Like Cornerstone, Sonar6 offers an organic,
cloud-based solution. Sonar6's graphical approach to performance reviews has
won accolades, including Gartner's "Cool Vendors" and HR Executive's "Top
Ten HR Products."
OnDemand and Sonar6 share a vision for empowering employees and creating an
engaged workforce," said Carden. "Our joining forces will further
solidify the strength of our enhanced offering in the marketplace. We are
excited about joining the Cornerstone team."