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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. Joe Osnoss of Silver Lake joins Cornerstone's board with the funding, and Silver Lake will also appoint another member of the board at a later date.

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BlackLine Systems Files For IPO

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BlackLine is venture backed by Silver Lake Sumeru and ICONIQ, and led by Therese Tucker. BlackLine develops accounting software, which is used for managing the financial close process at companies. The IPO is being underwritten by Goldman, Sachs & Co., Tucker owns around 15.6% of the company. READ MORE>>.

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Kareo Adds $55M In Funding

socalTECH

Irvine-based Kareo , the developer of cloud-based software used to manage medical practices, said this morning that it has raised $55.4M The funding was led by Montreux Equity Partners, and also included Silver Lake Partners and the company's existing investors. in a new funding round. READ MORE>>.

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BlackLine Software Prices IPO

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Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 BlackLine is backed by Silver Lake Sumeru and ICONIQ, but was initially bootstrapped by its management team.

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