Cornerstone OnDemand, Inc. is a cloud-based human capital management software company headquartered in Santa Monica, California, providing learning management, talent management and workforce development platforms to enterprise customers. Founded in 1999 as CyberU, an online corporate training provider, the company pivoted to HR software and went public on the Nasdaq in 2011 under the ticker CSOD. In August 2021 it was acquired by private equity firm Clearlake Capital in a transaction valued at approximately $5.2 billion, taking the company private.
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. It is based in Santa Monica, CA.
The company went public in 2011 on NASDAQ and trades under the symbol CSOD. As of 2017, more than 3000 companies were using the company's software. With the purchase of Saba in 2020, the company expanded to 7000 users.
In 2017, the company received a $300 million investment from Linkedin and Silver Lake.
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 company is now privately held.
Acquisitions +DateCompanyTypePrice2012Sonar6cloud-based talent management software for small business$14 million USD2014Evolvdata analysis software provider$42.5 million USD.2018Workpopa developer of software to help match employers and job candidates2018Grovo Learning Incemployee learning platform$24 million USD2020Clustreea French job skills platform$18.5 Million USD2020Sabamanagement development company$1.4 billion USD.2022EdCastLearning Experience Platform, Digital Adoption Platform and Marketplace2022SumTotalhuman resource management software company2024TaleSpinextended reality, spatial learning company2024SkyHiveskills intelligence platform
See also List of talent management system companies
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