Cornerstone Stockholders to Receive $57.50 Per Share in Cash Vector Capital to Make Minority Investment at Closing Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in talent management software, today announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"), a leading private equity firm. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. The $57.50 per share purchase price represents a premium of approximately 31% to Cornerst

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced results1 for its second quarter ended June 30, 2021. Additionally, in a separate release, Cornerstone announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"). Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. Second Quarter 2021 Results2: Revenue for the second quarter of 2021 was $214.3 million. This represents a 16.3% increase compared to the same period of the prior year.

Berenberg downgraded Cornerstone OnDemand from Buy to Hold and set a new price target of $57.50 from $61.00 previously

Mizuho reiterated coverage of Cornerstone OnDemand with a rating of Neutral and set a new price target of $57.50 from $45.00 previously

Needham downgraded Cornerstone OnDemand from Buy to Hold

Berenberg initiated coverage of Cornerstone OnDemand with a rating of Buy and set a new price target of $61.00

JMP Securities resumed coverage of Cornerstone OnDemand with a rating of Mkt Outperform and set a new price target of $83.00

JMP Securities reiterated coverage of Cornerstone OnDemand with a rating of and set a new price target of $83.00 from $61.00 previously

BMO Capital Markets reiterated coverage of Cornerstone OnDemand with a rating of Market Perform and set a new price target of $63.00 from $47.00 previously

DA Davidson reiterated coverage of Cornerstone OnDemand with a rating of Buy and set a new price target of $65.00 from $50.00 previously

Mizuho reiterated coverage of Cornerstone OnDemand with a rating of Neutral and set a new price target of $45.00 from $36.00 previously

Needham reiterated coverage of Cornerstone OnDemand with a rating of Buy and set a new price target of $75.00 from $50.00 previously

SANTA MONICA, Calif., Oct. 15, 2021 /PRNewswire/ -- Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") today announced that it has completed its acquisition of Cornerstone OnDemand, Inc. (NASDAQ:CSOD, ", Cornerstone OnDemand", , or ", Cornerstone", ))), a global leader in talent management software. The acquisition was previously announced on August 5, 2021, and was approved by Cornerstone OnDemand shareholders on October 12, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash. As a result of the transaction, Cornerstone is now a privately held company and shares of Cornerstone co

Clearlake's investment will accelerate Cornerstone's product innovation with the aim of helping organizations and their people grow and succeed, together Vector Capital completes its minority investment in Cornerstone Clearlake Capital Group, L.P. (together with its affiliates "Clearlake") today announced that it has completed its acquisition of Cornerstone OnDemand, Inc. (NASDAQ:CSOD, "Cornerstone OnDemand", or "Cornerstone"))), a global leader in talent management software. The acquisition was previously announced on August 5, 2021, and was approved by Cornerstone OnDemand shareholders on October 12, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares o

Join Cornerstone for a free, virtual event that will provide learning and HR leaders insight, inspiration and tools to build successful strategies for 2022 and beyond Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced it is hosting its annual industry conference, Cornerstone Convergence, on Nov. 16-17, 2021. This year's free, virtual event will embrace the current climate of change and transformation and will drive conversation and inspire action to help organizations and their people come together to achieve extraordinary things at work and be a force of good in the world. Cornerstone Convergence will feature more than 50 thought-provoking sessions where attendees will learn how to

A skills-powered, AI-driven, experiential approach designed for the modern work environment Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today unveiled its vision for a new "system of work" designed to meet the transformative needs of the contemporary workforce. Cornerstone's new system of work will transform how customers manage and grow their workforces by removing talent complexity and technology silos. It introduces a unified and holistic approach to talent that improves workforce agility and unites people and businesses on a path to success. As organizations continue to transform to meet the tectonic shifts of the past two years, they understand the need to focus on developing new and di

Recognition for Cornerstone's advancement in people experience, skills and AI signals ground-breaking innovation to come Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced a series of industry accolades for leadership and innovation in HR technology with solutions that enable organizations to advance skills transformation initiatives, intelligently apply AI to improve insight and efficiency, and elevate content engagement and personalization. Leveraging this momentum, Cornerstone is actively preparing to launch further advancements of its HR tech innovation that empower people to build skills, grow and align with business goals to achieve collective success. IDC MarketScape, a premi

Cornerstone Stockholders to Receive $57.50 Per Share in Cash Vector Capital to Make Minority Investment at Closing Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in talent management software, today announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"), a leading private equity firm. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. The $57.50 per share purchase price represents a premium of approximately 31% to Cornerst

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) today announced results1 for its second quarter ended June 30, 2021. Additionally, in a separate release, Cornerstone announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake"). Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion. Second Quarter 2021 Results2: Revenue for the second quarter of 2021 was $214.3 million. This represents a 16.3% increase compared to the same period of the prior year.

Amphenol Corporation (NYSE:APH) today announced that Nancy Altobello has been appointed to Amphenol's board of directors. With her appointment, the size of the company's board has increased to 10 members. Ms. Altobello brings more than three decades of global audit and talent management experience to the Amphenol board. Most recently, she was Global Vice Chair, Talent of Ernst & Young ("EY"), where she was responsible for the firm's global talent and people strategy from July 2014 to June 2018. Prior to this role, Ms. Altobello held a number of senior positions at EY, including Americas Vice Chair, Talent; Managing Partner, Northeast Region Audit and Advisory Practices; and Managing Partne

Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in people development solutions, announced today the company's financial results for the second quarter of 2021 will be released after market close on Thursday, Aug. 5, 2021. Cornerstone will host a conference call to discuss the results at 2 p.m. PT (5 p.m. ET) on the same day. Dial-in information for the call and a live webcast will be available on the events page of Cornerstone's investor relations website. An audio replay will be available for three days following the conclusion of the call (between 8 p.m. PT on Aug. 5 and 11:59 p.m. PT on Aug. 8). The replay will also be available as a webcast on Cornerstone's investor relation

Attendees of the Learning Content Summit will get access to industry experts and leave with practical tips and guidance to increase skill development and agility at work Cornerstone OnDemand, Inc. (NASDAQ:CSOD), a global leader in people development solutions, today announced an effort to give back to the community by hosting the Learning Content Summit: Reunite, Rebuild, Recharge, a free, virtual opportunity for organizations and their people to get valuable, timely insights and information that will help drive much-needed skill development and agility at work. The event will be held on May 12 from 9 a.m. to 1:30 p.m. PDT and will focus on the pivotal role learning content plays in prepar