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American technology company
Cornerstone OnDemand, Inc.
ISIN US21925Y1038 Industry Software Founded Santa Monica (1999) Founders Adam Miller Perry Wallack Steven Seymour Headquarters , United States
Area served
Worldwide Key people
Himanshu Palsule (
CEO ) Revenue $740.9 million
[1] Number of employees
Approx. 3,000
[2] Website
cornerstoneondemand .com
Cornerstone OnDemand, Inc. is a cloud-based people development software provider and learning technology company.
[3]
[4] The company was publicly traded on the
NASDAQ stock exchange under the ticker symbol
Nasdaq :
CSOD until it was acquired by
private-equity firm
Clearlake Capital in 2021.
[5] Cornerstone started as CyberU, which provided online corporate training and education for adults, but eventually shifted focus to human resources software.
[6]
History
Cornerstone OnDemand, Inc. was founded by Adam Miller, Perry Wallack and Steven Seymour in 1999 under the name CyberU and as a learning technology company.
[7] It is based in
Santa Monica ,
CA .
[8]
The company went public in 2011 on
NASDAQ and trades under the symbol CSOD.
[9] As of 2017, more than 3000 companies were using the companies software.
[10] With the purchase of Saba in 2020, the company expanded to 7000 users.
[11]
In 2017, the company received a $300 million investment from
Linkedin and
Silver Lake .
[12]
In August 2021, Cornerstone OnDemand Inc. was acquired by private equity firm Clearlake Capital Group in a deal estimated to be worth $5.2 billion. The new owner will be taking the company private.
[8]
Acquisitions
Date
Company
Type
Price
2012
Sonar6
cloud-based
talent management software for small business
$14 million USD
[13]
2014
Evolv
data analysis software provider
$42.5 million USD.
[13]
[14]
[15]
2018
Workpop
a developer of software to help match employers and job candidates
[16]
2018
Grovo Learning Inc
employee learning platform
$24 million USD
[17]
2020
Clustree
a French job skills platform
$18.5 Million USD
[18]
2020
Saba
management development company
$1.4 billion USD.
[3]
[11]
2022
EdCast
Learning Experience Platform, Digital Adoption Platform and Marketplace
2022
SumTotal
human resource management software company
See also
References
^
"Cornerstone OnDemand, Inc. 2020 Earnings Announcement" . Cornerstone OnDemand. February 16, 2021. Retrieved June 24, 2021 .
^
"What it's Like Taking Over Cornerstone at a 'Bizarro Time' - a Q&A with Saunders and Miller" . Dot.LA. May 13, 2020. Retrieved June 26, 2020 .
^
a
b
"Cornerstone to buy talent management developer Saba" . HR Executive. February 25, 2020. Retrieved June 26, 2020 .
^
"The 25 Best Workplaces in the Bay Area" . Fortune . Retrieved 2021-08-15 .
^
"Clearlake Capital Completes Acquisition of Cornerstone OnDemand" (Press release).
PR Newswire . October 19, 2021.
^
"A Cornerstone of the Cloud" . Real Money. April 27, 2012. Retrieved June 26, 2020 .
^ Markman, Jon (2012-04-27).
"A Cornerstone of the Cloud" . RealMoney . Retrieved 2021-08-15 .
^
a
b
"In $5.2B deal, Cornerstone OnDemand goes private" . SearchHRSoftware . Retrieved 2021-08-15 .
^
"Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion | Los Angeles Business Journal" . labusinessjournal.com . 9 August 2021. Retrieved 2021-08-15 .
^
"Cornerstone OnDemand reimagines the corporate training video experience" . Los Angeles Times . 2017-06-06. Retrieved 2021-08-15 .
^
a
b Dignan, Larry.
"Cornerstone OnDemand buys Saba for $1.4 billion" . ZDNet . Retrieved 2021-08-15 .
^ Kang, Jaewon (2017-11-09).
"Silver Lake, LinkedIn Invest $300 Million in Software Provider Cornerstone OnDemand" . Wall Street Journal .
ISSN
0099-9660 . Retrieved 2021-08-15 .
^
a
b Savitz, Eric.
"Cornerstone OnDemand Buys Sonar6 For $14 Million" . Forbes . Retrieved 2021-08-15 .
^ King, Rachel.
"Cornerstone OnDemand nabs machine-learning big data platform Evolv" . ZDNet . Retrieved 2021-08-15 .
^
"Cornerstone OnDemand Acquires Evolv Inc. for $43 Million | Los Angeles Business Journal" . labusinessjournal.com . 7 October 2014. Retrieved 2021-08-15 .
^
"Cornerstone OnDemand Acquires Hiring Platform Workpop | Los Angeles Business Journal" . labusinessjournal.com . 12 September 2018. Retrieved 2021-08-15 .
^
"Cornerstone Buys Grovo Learning for $24M | Los Angeles Business Journal" . labusinessjournal.com . 8 November 2018. Retrieved 2021-08-15 .
^
"French startup Clustree acquired by Cornerstone OnDemand for $18.5 million" . Tech.eu . 16 January 2020. Retrieved 2021-08-15 .
External links