Cornerstone OnDemand, Inc.

Cornerstone OnDemand, Inc.

Cornerstone OnDemand, Inc.

Overview
Date Founded

1999

Headquarters

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

Type of Company

Public

Employees (Worldwide)

1,953

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.

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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

Chief Accounting Officer

General Manager-Asia Pacific Region

President, Global Field Operations

Board of Directors

Chief Executive Officer at Namely, Inc.

Founder & Chief Executive Officer at Cornerstone OnDemand, Inc.

Managing Director at Silver Lake Management Co. LLC

Co-Founder at Guidewire Software, Inc.

Chief Financial Officer at Moda Operandi, Inc.

Finance Executive, Google Cloud at Google, Inc.

Former Chief Executive Officer & Director at Manhattan Associates, Inc.

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

President at Accolade, Inc.

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Cornerstone OnDemand, Inc.
Owners & Shareholders
Details Hidden

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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RGM Capital is a value-oriented special situations firm, with an emphasis on small-cap equities. They manage a concentrated portfolio, take a long-term view on investments, and partner with company managements to enact change at the corporate level if they believe that certain catalysts are necessary to realize intrinsic value in a business. The firm may at times short-sell opportunistically if they believe a business model is flawed, but not solely to dampen volatility or to hedge.The common trait among the companies in which RGB Capital invests is that they are good businesses, yet trade in the public markets well below their intrinsic value. The seek businesses that possess favorable financial and operating characteristics including significant cash flow generation, cash-rich balance sheets, dominant market shares, pricing power, and recurring revenue streams.RGB Capital invests for the long-term with the expectation of significant stock price appreciation through various catalysts including improved operating performance, asset disposals, changes in their capital structure, or a higher profile with the broader investment community.

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Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals through proprietary, bottom-up, hands-on research and deliberate, thoughtful and calculated stock picking. Their investment philosophy is designed to deliver superior, risk-adjusted returns via both separately managed account and mutual fund platforms. The firm's equity strategies include: Small-Cap Growth, Small/Mid-Cap Core, Mid-Cap Growth, Mid-Cap Core, Value, All Cap, Equity Income, and Large-Cap Core. Their fixed income strategies include Government Securities, High Quality Taxable, High Quality Tax-Free, Special Fixed Income, and Core Fixed Income. They also offer a Strategic Income Portfolio Balanced strategy.

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

Details Hidden

Cornerstone OnDemand, Inc. purchases Workpop, Inc. from Ironfire Ventures, Radiant Venture Capital Ltd., Cocoon Foundation Ltd., Trinity Ventures LP, BoxGroup (Venture Capital), Obvious Management Services LLC, SV Angel LLC, Raptor Capital Management LP (Private Equity), Slow Ventures LLC, Plus Capital Management LLC

Details Hidden

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

Insider Transactions
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Transaction Advisors
Legal Advisor

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

Underwriter

Advised onCornerstone OnDemand, Inc. issued Common Stock

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Sonar Ltd.

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Sonar Ltd.

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Sonar Ltd.

Legal Advisor

Advised onCornerstone OnDemand, Inc. purchases Sonar Ltd.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Senior Advisor

Chief Financial Officer at Sonar Ltd.

Clients

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following four segments: Communications, Warner Media, Latin America and Xandar. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The Warner Media segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.

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.

Li & Fung Limited is the Hong Kong-headquartered multinational group and recognized as the world's leader in consumer goods design, development, sourcing and distribution. The Company specializes in supply chain management of high-volume, time-sensitive goods for leading retailers and brands worldwide via an extensive global network. Li & Fung Limited provides sophisticated, one-stop-shop supply chain solutions to meet customers' specific needs. From product design, raw material sourcing and production management to quality control, logistics, shipping and other important functions, its spectrum of services covers the entire supply chain end-to-end.

Key Stats and Financials As of 2018
Market Capitalization
$3.36B
Total Enterprise Value
$2.88B
Earnings Per Share
$-0.58
Revenue
$538M
Net Profit
$-33.8M
EBITDA
$37.5M
EBITDAMargin
6.98%
Total Debt
$335M
Total Equity
$55.9M
Enterprise Value Sales
5.35x
Enterprise Value EBITDAOperating
76.72x
TEVNet Income
-85.09x
Debt TEV
0.12x
Three Year Compounded Annual Growth Rate Of Revenue
16.56%
Five Year Compounded Annual Growth Rate Of Revenue
23.78%
Non-Profit Donations & Grants
$50K - $100K
2012
Investments
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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. Market & Policy Research | 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 San 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 in 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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