What Happened
In mid-March 2022, corporate learning solutions vendor Cornerstone announced that it has entered into a definitive agreement to acquire EdCast, provider of a learning experience platform. Once the acquisition is complete, as a result, the industry’s first mature end-to-end learning suite will be available from a single vendor.
Background
Following a long stint as a publicly traded company, Cornerstone returned to private ownership in late 2021, this time under the auspices of the private equity firm Clearlake Capital Group L.P. With this development for Cornerstone comes the flexibility and agility to compete in a crowded market for corporate learning technology and products. The acquisition of EdCast is evidence.
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