Add-on Acquisition • Software

Cornerstone Acquires EdCast

On March 17, 2022, Cornerstone acquired software company EdCast

Acquisition Context
  • This is Cornerstone’s 2nd transaction in the Software sector.
  • This is Cornerstone’s 4th transaction in the United States.
  • This is Cornerstone’s 3rd transaction in California.

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M&A Deal Summary

Date March 17, 2022
Target EdCast
Sector Software
Buyer(s) Cornerstone
Deal Type Add-on Acquisition
Advisor(s) Macquarie Capital (Financial)

Target Company

EdCast

Mountain View, California, United States
EdCast is a provider of LXP software solutions, known for its expertise and innovation in aggregating, curating, targeting, and delivering personalized and contextual learning to users. EdCast was founded in 2014 and is based in Mountain View, California.
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Buyer Overview 1

Buyer

Cornerstone

Santa Monica, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees2,900
Revenue 741M USD (2020)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 5 of 6
Sector: Software 2 of 3
Type: Add-on Acquisition 5 of 5
State: California 3 of 3
Country: United States 4 of 5
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Saba Software

Redwood Shores, California, United States

Saba Software is a cloud-based intelligent talent management solution used by organizations worldwide to hire, develop, engage and inspire their people. Saba Software was founded in 1997 and is based in Redwood Shores, California.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 SumTotal Systems

Gainesville, Florida, United States

SumTotal Systems is the HR software solution provider to deliver more than Human Capital Management with Talent Expansion, a whole new approach to discovering, developing, and unleashing the hidden potential within our customers' workforce. SumTotal Systems was founded in 1985 and is based in Gainesville, Florida.

Buy -