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Cornerstone OnDemand Goes Private In $5.2 Billion Deal With Clearlake Capital

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Santa Monica-based private equity investor Clearlake Capital Group says it has completed its acquisition of Los Angeles-based Cornerstone OnDemand, the provider of talent management software, in a deal which was worth $5.2 Cornerstone's current CEO is Phil Saunders. per share in cash. per share in cash.

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Cornerstone OnDemand Raises $300M From Silver Lake

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Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. In conjunction with the investment, publicly held Cornerstone OnDemand said it will launch a $100M share repurchase program.

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Cornerstone OnDemand Boosts Board With Trio Of New Members

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Santa Monica-based Cornerstone OnDemand , which develops cloud-based learning and human capital management software for the enterprise, said late Tuesday that it has nominated a trio of new members to its board of directors. Steele was most recently CEO of Jive Software, and also had served at Microsoft, Skype, and Yahoo!;

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Cornerstone OnDemand Buys New Zealand Firm

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Santa Monica-based Cornerstone OnDemand , the developer of human resources and talent management software-as-a-service, said today that it has agreed to acquire Auckland, New Zealand-based Sonar Limited (Sonar6). Cornerstone OnDemand said it is using the acquisition to enter into the SMB space. READ MORE>>.

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Forbes Midas List Gives Cold Shoulder To SoCal VCs

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Sequoia Capital''s Douglas Leone, was placed at number six for his role in funding San Diego''s ServiceNow ; Bessemer''s Byron Deeter was ranked #36 due to his role in funding Santa Monica''s Cornerstone OnDemand ; Stephen Jurveston, of Draper Fisher Jurvetson, was ranked at #59 for his investment in Hawthorne-based SpaceX.

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IPO Market Surpasses 2008, 2009, According to Report

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PWC said that among the reasons for the surge was a return of private equity and venture capital portfolio companies using the U.S. A number of other companies have filed but have yet to reach the markets, including Peregrine Semiconductor, Demand Media, and Cornerstone OnDemand.

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Demand Media Prices IPO, Begins Trading Today

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Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets Corporation, Pacific Crest Securities LLC, Raine Securities and JMP Securities LLC. The firm's investors include Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., The IPO was underwritten by Goldman, Sachs & Co.,

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