

We also assigned our '#+' issue-level and '5' recovery ratings to its $770 second-lien term loan. We assigned our 'B-' issue-level and '3' recovery ratings to Cornerstone's $300 million revolving credit facility and $2.1 billion first-lien term loan. We lowered our issuer credit rating on Cornerstone to 'B-' from 'B+' because of the increase in leverage. The transaction will be funded by a new $300 million revolving credit facility, $2.1 billion first-lien term loan, $770 million second-lien term loan, $700 million preferred equity, and $1.9 billion common equity. announced it has entered into a definitive agreement to be acquired by financial sponsor Clearlake Capital Group for about $5.2 billion.
#Cornerstone ondemand software#
Talent management software provider Cornerstone OnDemand Inc. ^ "French startup Clustree acquired by Cornerstone OnDemand for $18.5 million".^ "Cornerstone Buys Grovo Learning for $24M | Los Angeles Business Journal".^ "Cornerstone OnDemand Acquires Hiring Platform Workpop | Los Angeles Business Journal".for $43 Million | Los Angeles Business Journal". ^ "Cornerstone OnDemand Acquires Evolv Inc."Cornerstone OnDemand nabs machine-learning big data platform Evolv". "Cornerstone OnDemand Buys Sonar6 For $14 Million". "Silver Lake, LinkedIn Invest $300 Million in Software Provider Cornerstone OnDemand". "Cornerstone OnDemand buys Saba for $1.4 billion". ^ "Cornerstone OnDemand reimagines the corporate training video experience".Implementation went smoothly with excellent customer support from Cornerstone. ^ "Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion | Los Angeles Business Journal". Cornerstone OnDemand is a leading provider of learning management and reporting.^ a b "In $5.2B deal, Cornerstone OnDemand goes private".^ "Clearlake Capital Completes Acquisition of Cornerstone OnDemand" (Press release).Enter a descriptive title for the dynamic learning assignment.


As of 2017, more than 3000 companies were using the companies software. The company went public in 2011 on NASDAQ and trades under the symbol CSOD. was founded by Adam Miller, Perry Wallack and Steven Seymour in 1999 under the name CyberU and as a learning technology company. Cornerstone started as CyberU, which provided online corporate training and education for adults, but eventually shifted focus to human resources software. Book a Demo Talent solutions that power the future ready workforce with a system of work that works for everyone. 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. is a cloud-based people development software provider and learning technology company. Talk to a Cornerstone expert about how we can help with your organization’s unique people management needs. is a cloud-based people development software provider and learning technology company.
