NIIT, a leading provider of managed training services, announced that it has formed a strategic relationship with Cornerstone OnDemand, a global leader in cloud-based learning and human capital management software.

The two companies will collaborate in the areas of implementation, business consulting, technical and content consulting, and outsourced administration. As part of the agreement, NIIT will add Cornerstone certified administrators and resources to its implementation and support teams across the globe, with the initial implementation in Canada. NIIT will in-turn, support Cornerstone in training content rebuild with high quality, modern learning content - specifically for modern learner engagement, audience management, content reduction, governance and non-mandatory services.

"We envision that the collaboration will combine the best of both worlds-NIIT's high quality managed training services with Cornerstone's powerful platform. We look forward to providing our customers with better and more improved business-aligned services with this relationship," said Sailesh Lalla, Senior Vice President, Business Development at NIIT.

"We're thrilled to add NIIT to our ecosystem of global implementation and consulting alliances. In particular, NIIT's significant Canadian presence will benefit our continued expansion in the region," said Dave Mortell, Vice President of Alliances for Cornerstone OnDemand.

Shares of the company gained Rs 1.8, or 2.06%, to settle at Rs 89.25. The total volume of shares traded was 276,049 at the BSE (Thursday).