CareerBuilder is selling its Economic Modeling Specialists International business to the nonprofit Strada Education Network. Also known as Emsi, the business is an economic software firm specializing in employment data and labor market analysis.

The transaction is expected to close during the second quarter, subject to customary regulatory reviews and approvals. Terms of the deal were not disclosed.

CareerBuilder had acquired Emsi in 2012.

“CareerBuilder, Strada and Emsi share the same passion for solving the skills gap, and we will be able to leverage our respective resources to upskill and reskill workers and connect them with employers,” CareerBuilder CEO Matt Ferguson said.