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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. Cornerstone said the investment came after a "review of strategic alternatives", including both solicited and unsolicited interest in the company.

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LinkedIn, Silver Lake Take Stake In Cornerstone OnDemand

L.A. Business Journal

Cornerstone OnDemand, a personnel management software developer, announced on Wednesday that private equity firm Silver Lake Partners and Microsoft Corp.’s s LinkedIn plan to invest $300 million in the company.

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BlackLine Systems Gets Investment From Silver Lake Sumeru

socalTECH

Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm Silver Lake Sumeru. According to BlackLine, its management, Silver Lake Sumeru, and ICONIQ Capital are partnering in the deal to make Silver Lake Sumerua majority shareholder in the company.

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Cast & Crew Acquired by Silver Lake

socalTECH

Burbank-based Cast & Crew Entertainment Services , a provider of technology and payroll services to the entertainment industry, said today that it has acquired by private equity investor Silver Lake. Cast & Crew was advised by Moelis & Company LLC, Morgan Stanley & Co. LLC and Sidley Austin LLP in the deal.

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Cast & Crew Acquired By Private Equity Investor EQT

socalTECH

Cast & Crew previously was owned by private equity investor Silver Lake. Cast & Crew's software and services are used to automate payroll, human resources, and accounting for the entertainment industry; the company was founded in 1976. The company was acquired in 2015 by Silver Lake. READ MORE>>.

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CreatorIQ Acquires Tribe Dynamics

socalTECH

Los Angeles-based influencer marketing company CreatorIQ announced this morning that it it has acquired Tribe Dynamics, a developer of marketing analytics software. CreatorIQ said the buy will create a company with over 450 customers, 250 employees, and $90 million in funding. Financial details of the acquisition were not announced.

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BlackLine Investors Look For More Liquidity In New Offering

socalTECH

According to BlackLine, the shares in the offering are being sold by Silver Lake Sumeru, investment funds affiliated with ICONIQ, Therese Tucker, the company's CEO and founder; and Mario Spanicciati, the company's Chief Marketing Officer. Silver Lake Sumeru is looking to sell around 6.1M READ MORE>>.