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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. 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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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. As part of the investment, Silver Lake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.

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Cast & Crew Acquired By Private Equity Investor EQT

socalTECH

Burbank-based Cast & Crew , which provides software and services for both payroll and production management to Hollywood, has been acquired by private equity investor EQT Partners. Cast & Crew previously was owned by private equity investor Silver Lake. The company was acquired in 2015 by Silver Lake.

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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. The company recently raised $40M in funding from such investors as TVC Capital, Kayne Partners Fund, Affinity Group, Unilever Ventures and Silver Lake Waterman.

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Blackline: On Track For $40M+ Revenues This Year

socalTECH

It looks things are definitely growing at financial software firm Blackline Systems , as the firm clarified that it actually did just over $25M in revenues in 2012, and is on track to have $40M plus in revenues for 2013. blackline systems accounting software expansion merger acquisition silver lake' READ MORE>>.

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BlackLine Software Prices IPO

socalTECH

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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