Cornerstone OnDemand, Inc.

Cornerstone OnDemand, Inc.

Cornerstone OnDemand, Inc.

Overview
Date Founded

1999

Headquarters

1601 Cloverfield Boulevard, Suite 620 South, Santa Monica, CA, 90404, USA

Type of Company

Public

Employees (Worldwide)

2,000

Industries

Computer Software
Pension Funds & Sovereign Wealth
Other Business & Consulting Services
Management Consulting
Human Resources & Personnel Services
Internet Software & Services
Schools & Student Services

Company Description

Cornerstone OnDemand (NASDAQ:CSOD) is a global leader of cloud-based talent management software solutions. Over 11 million users across 190 countries rely on Cornerstone to maximize their potential, develop their skills and foster new levels of collaboration. Cornerstone empowers some of the world’s leading organizations, such as Starwood Hotels & Resorts, The Neiman Marcus Group, Save the Children, Turner Broadcasting System, Virgin Media and Pinkberry, to engage their workforces and leverage people performance for greater business results. Based on Cornerstone’s pure cloud architecture, Cornerstone’s comprehensive solution helps organizations manage entire employee lifecycle, from hiring through retirement.

Contact Data
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Executives & Employees

Founder & Chief Executive Officer

Executive Director, Cornerstone OnDemand Foundation

Chief Financial Officer

Chief Administrative Officer & General Counsel

Chief Marketing & Strategy Officer

Chief Technology Officer

Chief Executive Officer-EMEA

Principal Accounting Officer

President, Global Field Operations

RVP Marketing, Americas

Board of Directors

Former Corporate Vice President & Chief Marketing Officer at Microsoft Corporation

Founder & Chief Executive Officer at Cornerstone OnDemand, Inc.

Co-Founder at Guidewire Software, Inc.

Managing Partner at Silver Lake Management Co. LLC

Former Executive Vice Chairman of the Board at Scientific Games Corp.

Chief Financial Officer at Moda Operandi, Inc.

Finance Executive, Google Cloud at Google, Inc.

President at Accolade, Inc.

Vice President-Human Resources & Shared Services at Patagonia, Inc.

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Cornerstone OnDemand, Inc.
Owners & Shareholders
Details Hidden

Rivulet Capital's investment objective is to achieve long-term capital appreciation by investing both long and short primarily in public equity securities across market capitalizations and predominantly in North America.Rivulet's long portfolio typically consists of 10 to 15 stocks where they are willing to commit at least 5% of capital. The anticipated holding period for a long position is 1 to 3 years. Rivulet looks for businesses they believe have a long-term competitive advantage in a growing market, a shareholder-oriented management team, and a reasonable valuation. These are investments the firm believes can compound in value over time, even in a flat market.Rivulet's short portfolio typically includes 15 to 20 individual stocks representing companies facing increased competition, technological obsolescence, or deteriorating fundamentals. The anticipated holding period for a short is up to 12 months. The firm looks for fundamental shorts; companies they believe presently or will, in the near future, exhibit deteriorating business characteristics. Rivulet expects shorts to generate profits, not simply act as a hedge to their longs. However, Rivulet may supplement these shorts with index ETFs and options to manage its exposure to the market. ^

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Praesidium Investment Management Co. seeks to generate superior, absolute returns for their clients through the implementation of a private enterprise approach to investing. Their strategy focuses on identifying long-only equity investments in the securities of undervalued public companies using in depth, bottoms-up research. The firm often works with the management teams of portfolio companies with the goal of increasing the value of the company. Praesidium's investment process is based on fundamental business and credit analysis, capital structure and liquidation analysis, a review of all legal documentation surrounding an issuer's securities and identification of an investment catalyst.During the research process, Praesidium makes an assessment of the quality of the security in question by examining, among other things, financial metrics of the relevant company, the integrity and strategic vision of the management team and the ability to execute such strategy, as well as the attractiveness and risks of the company's industry. They then determine what they believe is a fair valuation for the security based on a combination of its future earnings, operating cash flow, free cash flow, liquidation value and revenues. If the public market price for the security is significantly below their fair valuation, Praesidium may attempt to purchase the security for their clients' portfolios. If they believe the security is priced significantly above their fair valuation and the security is currently included in a client's portfolio, the firm will generally sell some or all of the position in the security.

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Founded in 2007, ArrowMark Partners is an SEC-registered investment adviser headquartered in Denver, CO and adviser to the Meridian Funds family. The founding partners have worked together since 1995.

Recent Transactions
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Cornerstone OnDemand, Inc. purchases Saba Software, Inc. from HarbourVest Partners LLC, Vector Capital Management LP

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Cornerstone OnDemand, Inc. purchases Clustree SAS from Alven Capital Partners SA, IDInvest Partners SA, Creandum Advisor AB

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Cornerstone OnDemand, Inc. purchases Grovo Learning, Inc. from Accel Partners LLC, Activate Venture Partners, Lead Edge Capital Management LLC, Uncork Capital, Inc., Lerer Hippeau, Brainchild Holdings LLC, Vision Ventures LLC, Costanoa Ventures, Social Starts LLC, Red Swan Ventures LLC, RSE Ventures LLC, BoxGroup (Venture Capital)

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Saba Software, Inc. from HarbourVest Partners LLC, Vector Capital Management LP

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Evolv, Inc. from Lightspeed Management Co. LLC, VantagePoint Management, Inc., GGV Capital, Khosla Ventures LLC

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Clustree SAS from Alven Capital Partners SA, IDInvest Partners SA, Creandum Advisor AB

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Clustree SAS from Alven Capital Partners SA, IDInvest Partners SA, Creandum Advisor AB

Associate

Advised onCornerstone OnDemand, Inc. purchases Saba Software, Inc. from HarbourVest Partners LLC, Vector Capital Management LP

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Clustree SAS from Alven Capital Partners SA, IDInvest Partners SA, Creandum Advisor AB

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Cooley LLP

Clients
AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, we employ around 23,000 people, serving 17 million customers in around 140 countries. While our origins lie in London, RSA is a global company with businesses in both mature and emerging markets. We have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. Our focus on general insurance delivers strong, profitable performance, even in the most challenging market conditions. In 2011, for example, our net written premiums were £8.1bn

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; Asia Pacific; and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select brands located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Key Stats and Financials As of 2019
Market Capitalization
$1.56B
Total Enterprise Value
$3.47B
Earnings Per Share
$-0.07
Revenue
$577M
Enterprise Value Sales
6.02x
TEVNet Income
-855.49x
Debt TEV
0.11x
EBITDAMargin
9.29%
Total Equity
$158M
EBITDA
$53.5M
Total Debt
$368M
Net Profit
$-4.05M
Enterprise Value EBITDAOperating
63.4x
Three Year Compounded Annual Growth Rate Of Revenue
10.86%
Five Year Compounded Annual Growth Rate Of Revenue
16.95%
Non-Profit Donations & Grants
$50K - $100K
2012
$1M - $5M
2010
Investments
Details Hidden

Comparably, Inc. owns and operates a platform that provides compensation data for public and private companies. The company was founded by Jason Lawrence Nazar, Yadid Ramot, Michael Sheridan and George Ishii in August, 2015 and is headquartered in Santa Monica, CA.

Investors
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Director of Product at Buddy Media LLC

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Chief Executive Officer at Invoice 2go, Inc.

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Vice President of Corporate Partnerships at Dynamic Signal, Inc.

Suppliers
NetSuite, Inc. Internet Software & Services | San Mateo, California

NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more. More than 12,000 high-growth and midsized companies and divisions of large enterprises use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements. NetSuite also offers industry-specific solutions for professional services, software, wholesale distribution, manufacturing, and ecommerce. NetSuite OneWorld helps global, multi-company organizations manage subsidiaries better with robust multinational, multi-currency support

Marketo, Inc. Internet Software & Services | San Mateo, California

Marketo, Inc. engages in the provision of digital marketing platform. Its products include marketing automation, account-based marketing, email, mobile, social, digital ads, web, marketing analytics, content, and market sales engage. It also offers lead management, email marketing, consumer marketing, customer base marketing, and mobile marketing solutions. The company was founded by Phillip M. Fernandez, Jonathan Miller, and David Morandi on January 20, 2006 and is headquartered in Sa n Mateo, CA.

Blackhawk Network Holdings, Inc. Holding Companies | Pleasanton, CA

Blackhawk Network Holdings, Inc. provides prepaid and payment networks services. It enables selling and buying of print and process gift cards online and distributes through retail networks. The company was founded in 2001 and is headquartered in Pleasanton, CA.

Competitors
Oracle Corp. Computer Software - Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

Workday, Inc. Computer Software - Pleasanton, CA

Workday, Inc. (“Workday”) is a leading provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement, and employee expense management. Our applications are designed for global enterprises to manage complex and dynamic operating environments. We provide our customers highly adaptable, accessible, and reliable applications to manage critical business functions that enable them to optimize their financial and human capital resources.

International Business Machines Corporation IT Consulting & Services - Armonk, NY

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

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