Cornerstone OnDemand
ISIN | US21925Y1038 |
---|---|
Industry | Software |
Founded | Santa Monica (1999) |
Founders |
|
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 |
Cornerstone OnDemand, Inc. is a cloud-based people development software provider and learning technology company.
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.
- 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
- Official website
- Business data for Cornerstone OnDemand: