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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 Wins Hyatt

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Santa Monica-based software developer Cornerstone OnDemand said today that it has scored a win with hotel and hospitality brand Hyatt. Cornerstone said that Hyatt will use its cloud-based talent management software for performance management, compensation, performance reviews, and other employee management efforts.

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Report: Cornerstone OnDemand Hires Investment Bankers For Review

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Santa Monica-based Cornerstone OnDemand has hired investment banking firms Centerview Partners and Goldman Sachs, in a move that could result in either a sale of the company, or help in fighting off an activist investor, according to a report. READ MORE>>.

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Cornerstone OnDemand Looks To Raises $220M In Debt

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Cornerstone OnDemand , the developer of software-as-a-service for talent management and human resources, is raising $220M in a debt funding, the firm said today. The company said it is offering up $220M in an offering of convertible senior notes, due in 2018. READ MORE>>. READ MORE>>.

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Cornerstone OnDemand Promotes Three

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Santa Monica-based Cornerstone OnDemand , the developer of software-as-a-service for talent management, learning, and human resources management, said today that it has promoted three of its executives. All three have been at Cornerstone OnDemand through its recent IPO. READ MORE>>.

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Cornerstone OnDemand Drops Secondary IPO Effort

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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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Cornerstone OnDemand Plans New Cloud Products

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Santa Monica-based Cornerstone OnDemand , the developer of talent management software headed by Adam Miller, said today that it has launched a new set of products. The firm said that the cloud-based versions of the software will make it faster to deploy and easier to scale than on-premise systems.