12-Dec-2017

Cornerstone OnDemand receives $300 mln investment

Cornerstone OnDemand, a provider of cloud-based learning and human capital management software, has announced that private equity firm Silver Lake Partners and Microsoft’s LinkedIn plan to invest $300 million in the company.

The company intends to use the proceeds of the investment to fund growth initiatives, repay existing debt und repurchase common shares.

It also plans to leverage its position in global learning to expand its presence in e-learning content. For the last quarter, the company’s revenue was $122 million, a 13% increase compared to last year. The net loss was $14.9 mln.

Private equity firm Silver Lake Partners and Microsoft’s LinkedIn plan to invest $300 million in Cornerstone OnDemand. Credit: Olu Eletu
Private equity firm Silver Lake Partners and Microsoft’s LinkedIn plan to invest $300 million in Cornerstone OnDemand. Credit: Olu Eletu
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