Cornerstone OnDemand

{{Infobox company

| name = Cornerstone OnDemand, Inc.

| logo = Cornerstone OnDemand Logo.svg

| logo_caption =

| image =

| image_caption =

| type = Private

| traded_as = {{NASDAQ was|CSOD}}

| ISIN = US21925Y1038

| founders = {{ubl|Adam Miller|Perry Wallack|Steven Seymour}}

| area_served = Worldwide

| key_people = Himanshu Palsule (CEO)

| industry = Software

| homepage = {{URL|cornerstoneondemand.com}}

| foundation = {{start date and age|1999}}, in Santa Monica

| location_city = Santa Monica, California

| location_country = United States

| revenue = {{increase}}$740.9 million {{cite web|url=https://investors.cornerstoneondemand.com/investors/news-and-events/news/news-details/2021/Cornerstone-OnDemand-Announces-Fourth-Quarter-and-Fiscal-Year-2020-Financial-Results/default.aspx|title=Cornerstone OnDemand, Inc. 2020 Earnings Announcement |publisher=Cornerstone OnDemand|date=February 16, 2021|access-date=June 24, 2021}}

| owner = Clearlake Capital

| num_employees = Approx. 3,000 {{cite web|url=https://dot.la/cornerstone-ondemand-inc-ceo-2645983750.html|title=What it's Like Taking Over Cornerstone at a 'Bizarro Time' - a Q&A with Saunders and Miller|publisher=Dot.LA|date=May 13, 2020|access-date=June 26, 2020}}

}}

Cornerstone OnDemand, Inc. is a cloud-based development software provider and learning technology company.{{cite web|url=https://hrexecutive.com/cornerstone-to-buy-talent-management-developer-saba/|title=Cornerstone to buy talent management developer Saba|date=February 25, 2020|publisher=HR Executive|access-date=June 26, 2020}}{{Cite web|title=The 25 Best Workplaces in the Bay Area|url=https://fortune.com/2017/04/26/best-companies-bay-area-large/|access-date=2021-08-15|website=Fortune|language=en}} 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.{{cite press release|url=https://www.prnewswire.com/news-releases/clearlake-capital-completes-acquisition-of-cornerstone-ondemand-301401233.html |title=Clearlake Capital Completes Acquisition of Cornerstone OnDemand |date=October 19, 2021|agency=PR Newswire}} Cornerstone started as CyberU, which provided online corporate training and education for adults, but eventually shifted focus to human resources software.{{cite web|date=April 27, 2012|title=A Cornerstone of the Cloud|url=https://realmoney.thestreet.com/articles/04/27/2012/cornerstone-cloud|access-date=June 26, 2020|publisher=Real Money}}

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.{{Cite web|last=Markman|first=Jon|date=2012-04-27|title=A Cornerstone of the Cloud|url=https://realmoney.thestreet.com/articles/04/27/2012/cornerstone-cloud|access-date=2021-08-15|website=RealMoney|language=en}} It is based in Santa Monica, CA.{{Cite web|title=In $5.2B deal, Cornerstone OnDemand goes private|url=https://searchhrsoftware.techtarget.com/news/252505165/In-52B-deal-Cornerstone-OnDemand-goes-private|access-date=2021-08-15|website=SearchHRSoftware|language=en}}

The company went public in 2011 on NASDAQ and trades under the symbol CSOD.{{Cite web|title=Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion {{!}} Los Angeles Business Journal|url=https://labusinessjournal.com/news/2021/aug/09/clearlake-capital-buy-cornerstone-ondemand-5b/|access-date=2021-08-15|website=labusinessjournal.com|date=9 August 2021 }} As of 2017, more than 3000 companies were using the companies software.{{Cite web|date=2017-06-06|title=Cornerstone OnDemand reimagines the corporate training video experience|url=https://www.latimes.com/business/technology/la-fi-tn-cornerstone-learning-la-tech-20170606-htmlstory.html|access-date=2021-08-15|website=Los Angeles Times|language=en-US}} With the purchase of Saba in 2020, the company expanded to 7000 users.{{Cite web|last=Dignan|first=Larry|title=Cornerstone OnDemand buys Saba for $1.4 billion|url=https://www.zdnet.com/article/cornerstone-ondemand-buys-saba-for-1-4-billion/|access-date=2021-08-15|website=ZDNet|language=en}}

In 2017, the company received a $300 million investment from Linkedin and Silver Lake.{{Cite news|last=Kang|first=Jaewon|date=2017-11-09|title=Silver Lake, LinkedIn Invest $300 Million in Software Provider Cornerstone OnDemand|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/silver-lake-linkedin-invest-300-million-in-software-provider-cornerstone-ondemand-1510193210|access-date=2021-08-15|issn=0099-9660}}

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.

Acquisitions

class="wikitable"

!Date

!Company

!Type

!Price

2012

|Sonar6

|cloud-based talent management software for small business

|$14 million USD{{Cite web|last=Savitz|first=Eric|title=Cornerstone OnDemand Buys Sonar6 For $14 Million|url=https://www.forbes.com/sites/ericsavitz/2012/03/08/cornerstone-ondemand-buys-sonar6-for-14-million/|access-date=2021-08-15|website=Forbes|language=en}}

2014

|Evolv

|data analysis software provider

|$42.5 million USD.{{Cite web|last=King|first=Rachel|title=Cornerstone OnDemand nabs machine-learning big data platform Evolv|url=https://www.zdnet.com/article/cornerstone-ondemand-nabs-machine-learning-big-data-platform-evolv/|access-date=2021-08-15|website=ZDNet|language=en}}{{Cite web|title=Cornerstone OnDemand Acquires Evolv Inc. for $43 Million {{!}} Los Angeles Business Journal|url=https://labusinessjournal.com/news/2014/oct/07/cornerstone-ondemand-acquires-evolv-inc-43-million/|access-date=2021-08-15|website=labusinessjournal.com|date=7 October 2014 }}

2018

|Workpop

|a developer of software to help match employers and job candidates{{Cite web|title=Cornerstone OnDemand Acquires Hiring Platform Workpop {{!}} Los Angeles Business Journal|url=https://labusinessjournal.com/news/2018/sep/12/cornerstone-ondemand-acquires-hiring-platform-work/|access-date=2021-08-15|website=labusinessjournal.com|date=12 September 2018 }}

2018

|Grovo Learning Inc

|employee learning platform

|$24 million USD{{Cite web|title=Cornerstone Buys Grovo Learning for $24M {{!}} Los Angeles Business Journal|url=https://labusinessjournal.com/news/2018/nov/08/cornerstone-buys-grovo-learning-24m/|access-date=2021-08-15|website=labusinessjournal.com|date=8 November 2018 }}

2020

|Clustree

|a French job skills platform

|$18.5 Million USD{{Cite web|title=French startup Clustree acquired by Cornerstone OnDemand for $18.5 million|url=https://tech.eu/brief/french-startup-clustree-acquired-by-cornerstone-ondemand-for-18-5-million/|access-date=2021-08-15|website=Tech.eu|date=16 January 2020 |language=en-GB}}

2020

|Saba

|management development company

|$1.4 billion USD.

2022

|EdCast

|Learning Experience Platform, Digital Adoption Platform and Marketplace

2022

|SumTotal

|human resource management software company

2024

|TaleSpin