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Cornerstone OnDemand Raises $300M From Silver Lake

socalTECH

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 Drops Secondary IPO Effort

socalTECH

Santa Monica-based Cornerstone OnDemand , the developer of software-as-a-service for talent and employee management, has dropped its plans for a secondary IPO, citing "current marketing prices". Cornerstone OnDemand had filed for a secondary offering only a few weeks ago, on July 20th. READ MORE>>.

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A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

socalTECH

Snap hopefully will be one, or is one already, and Cornerstone OnDemand, and what Brian Lee has done. In the last couple ofyears, we've seen more enterprise technology and software locally here, and software is starting to grow up. That's the Unilver acquisition of Dollar Shave, the GE acquisition of ServiceMax.