Cornerstone OnDemand
American technology company
From Wikipedia, the free encyclopedia
Cornerstone OnDemand, Inc. is a cloud-based 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]
 | |
| Company type | Private |
|---|---|
| Nasdaq: CSOD | |
| ISIN | US21925Y1038 |
| Industry | Software |
| Founded | 1999, in Santa Monica |
| Founders |
|
| Headquarters | , United States |
Area served | Worldwide |
Key people | Himanshu Palsule (CEO) |
| Revenue |  $740.9 million [1] |
| Owner | Clearlake Capital |
Number of employees | Approx. 3,000 [2] |
| Website | cornerstoneondemand |
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 company's 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 company is now privately held.[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 | |
| 2024 | TaleSpin | extended reality, spatial learning company | |
| 2024 | SkyHive | skills intelligence platform |
