Cornerstone - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Cornerstone M&A Summary

Cornerstone has acquired 6 companies of its own, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Cornerstone’s largest acquisition to date was in 2020, when it acquired Saba Software for $1.4B. Cornerstone has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include software (50%) and internet software and services (34%).

Cornerstone Ownership

Who owns Cornerstone?

Cornerstone is owned by Clearlake Capital and Vector Capital. It was acquired on August 5, 2021.

Is Cornerstone PE-backed?

Yes. Cornerstone is owned by private equity investors Clearlake Capital and Vector Capital.

Cornerstone Business Overview

Where is Cornerstone headquartered?

Cornerstone is headquartered in Santa Monica, California.

What is Cornerstone’s revenue?

Cornerstone disclosed revenue of 741M USD for 2020 and 577M USD for 2019.

How many employees does Cornerstone have?

Cornerstone has 2,900 employees.

What sector is Cornerstone in?

Cornerstone is an internet software and services company.

When was Cornerstone founded?

Cornerstone was founded in 1999.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 7

Cornerstone

Cornerstone OnDemand, Inc.

1601 Cloverfield Blvd, Suite 600 South,
Santa Monica, California 90404
United States,
(310) 752-0200
www.cornerstoneondemand.com

Cornerstone is a provider of cloud based comprehensive learning and talent management software solutions. Cornerstone was formed in 1999 and is based in Santa Monica, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 3 1 - 2 - - 6
vol $81M $1.4B $1.5B
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
SumTotal Systems LLC 2022-06-13 - Divestiture
Gainesville, Florida · www.sumtotalsystems.com
EdCast, Inc. 2022-03-17 - Add-on Acquisition
Mountain View, California · www.edcast.com
Saba Software, Inc. 2020-02-24 1.4B USD Add-on Acquisition
Redwood Shores, California · www.saba.com
Grovo Learning, Inc. 2018-11-07 24M USD Add-on Acquisition
New York, New York · www.grovo.com
Evolv, Inc. 2014-10-07 43M USD Add-on Acquisition
San Francisco, California
Sonar Ltd. (dba Sonar6) 2012-03-10 14M USD Add-on Acquisition
Auckland, New Zealand · www.sonar6.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 3 (50%) 43M (3%) - -
Internet Software and Services 2 (33%) 1.4B (95%) - -
Information Technology 1 (17%) 24M (2%) - -
Total 6 $1.5B - -

By Geo

State/Country Buy Value Sell Value
United States 5 1.5B - -
  California 3 1.4B - -
  New York 1 24M - -
  Florida 1 - - -
New Zealand 1 14M - -
Domestic 5 (83%) 1.5B (99%) - -
Cross-border 1 (17%) 14M (1%) - -
Total 6 $1.5B - -

Top M&A Advisors

Financial Deals
Centerview Partners
2
Morgan Stanley
2
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Sidley
1
Cooley LLP
1

Deal Values

buy # Total
> $1B 1 $1.4B
< $100M 3 $81M
TOTAL $1.5B
Largest Saba Software, Inc.
$1.4B (2020-02-24)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
17%
1 (17%)

 Subscribe to unlock this and 203,600
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 195K M&A Transactions
  • 199K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 76K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.