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2021 Was the Biggest Year Yet for HR Tech: See 30+ of the Top M&A Activities

Lighthouse

Workday, one of the biggest HCM vendors in the world, acquired Peakon, an engagement and employee voice platform. We wrote about that when Workday made the Peakon acquisition announcement , so you can see the full breakdown and background there. Workday also snagged VNDLY to support hiring flexible/on-demand talent.

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HR Tech Weekly: Episode #255: Stacey Harris and John Sumser

HR Examiner

Cornerstone sent out an announcement around four o’clock Monday afternoon that they are acquiring Saba which is probably the next largest learning management system in the market space outside of like, Skillsoft or something, which is the content and LMS play right, so Cornerstone and Saba are merging together.

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HR Tech Weekly: Episode #238: Stacey Harris and John Sumser

HR Examiner

They have been about two years now and that acquisition and you can see they have a new brand and they launched a new just for me learning experience platform as a probably a primary competitor. [00:04:11] And then you look at someone like workday who just recently has Walmart being installed on their platform with 2.1

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HR Tech Weekly: Episode #284: Stacey Harris and John Sumser

HR Examiner

But it is a good recognition of what’s going on going on in the sector, which is that learning management systems have never really matured into a big consolidate standardize market. I think that’s the piece that Skillsoft couldn’t get to a lot of organizations can’t get to it. [00:17:13] Definitely.