Cornerstone OnDemand
| File:Cornerstone OnDemand Logo.svg | |
| Company type | Private |
|---|---|
| Nasdaq: CSOD | |
| ISIN | US21925Y1038 |
| Industry | Software |
| Founded | 1999, Santa Monica |
| Founders |
|
| Headquarters | , United States |
Area served | Worldwide |
Key people | Himanshu Palsule (CEO) |
| Revenue | Increase$740.9 million |
| Owner | Clearlake Capital |
Number of employees | Approx. 3,000 |
| Website | cornerstoneondemand |
Cornerstone OnDemand, Inc. specializes in cloud-based software solutions focused on development and learning technologies.[1] Previously listed on the NASDAQ stock exchange under the ticker symbol , it became privately held following its 2021 acquisition by the private equity firm Clearlake Capital.[2] The company originated as CyberU, initially offering online corporate training before evolving into a provider of human resource software.[1]
History
Established in 1999 by Adam Miller, Perry Wallack, and Steven Seymour under the name CyberU, Cornerstone OnDemand is based in Santa Monica, California.[2] The firm launched its initial public offering on NASDAQ in 2011 using the symbol CSOD.[2] By the year 2017, its technology was utilized by more than 3,000 organizations.[3] The acquisition of Saba in 2020 further increased its clientele to nearly 7,000 users.[4]
In 2017, Cornerstone OnDemand attracted a $300 million funding round from LinkedIn and Silver Lake aimed at boosting expansion.[5] The company's privatization agreement with Clearlake Capital in 2021 was valued at $5.2 billion.[2]
Acquisitions
| Date | Company | Type | Price |
|---|---|---|---|
| 2012 | Sonar6 | Cloud-based talent management software for small businesses | $14 million USD |
| 2014 | Evolv | Provider of data analytics software | $42.5 million USD |
| 2018 | Workpop | Recruitment platform connecting employers with candidates | |
| 2018 | Grovo Learning Inc | Employee training platform | $24 million USD |
| 2020 | Clustree | French platform focused on job skills | $18.5 million USD |
| 2020 | Saba | Company specializing in management development solutions | $1.4 billion USD |
| 2022 | EdCast | Learning Experience Platform and Digital Adoption Marketplace provider | |
| 2022 | SumTotal | Human resource management software firm | |
| 2024 | TaleSpin | Extended reality and spatial learning enterprise | |
| 2024 | SkyHive | Platform offering skills intelligence solutions |
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