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 premier vendor assessment tool, named Cornerstone a leader in four Worldwide Integrated Talent Management Vendor Assessment reports, including those for Learning Management 1 , Talent Management 2 , Performance Management 3 and Compensation Management 4 . Using a rigorous scoring methodology, IDC...

Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced results 1 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 Results 2 : 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. Subscription revenue for the second quarter of 2021 was $206.8 million. This represents a 16.7% increase compared to the same period of the prior year. Income (loss) from operations for the second quarter of 2021 was $20.9 million, yielding a margin of 9.8%, compared to income (loss) from operations...

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 preparing people, and their organizations, for any future and through new-skilling efforts. Recent Cornerstone Data Insights reveal a significant spike in workplace learning - a lynchpin to building skills that help people adapt and organizations thrive in unpredictable environments. By delivering access...

Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced it has successfully completed a repricing of its senior secured term loan facility (the “Term Loan B”). Prior to the repricing, the Term Loan B had an outstanding value of $850 million (the original principal value was $1,005 million) and was repriced to bear interest at LIBOR plus 3.25% with a LIBOR floor of 0%, which represents a 100 basis point reduction compared to the prior interest rate of LIBOR plus 4.25% with a LIBOR floor of 0%. All other material terms of the Term Loan B remain unchanged, including the maturity date of April 22, 2027. After the repricing, the outstanding value of the loan is $830 million. “We are pleased with the results of this repricing transaction, which we believe to be a reflection of our strong operational performance in 2020 and continued progress towards reducing leverage and enhancing the company’s liquidity position,” said Chirag Shah, Chief...