Combination of learning and talent SaaS platforms poised to help organizations drive greater people growth and business success Cornerstone OnDemand, Inc., a leader in adaptive cloud-based HR . Were delighted to welcome the SumTotal team and customers to join this remarkable community that is transforming the learning and talent landscape.. This is Cornerstone's 5th transaction in the United States. Centerview Partners LLC served as financial advisor to Cornerstone and Clearlake, and Sidley Austin LLP served as legal counsel. Were so glad youre here! "This has been an incredibly important year for Cornerstone, and its acquisition of SumTotal underscores our commitment to the fundamental growth strategy we set out for the company a year ago," said Prashant Mehrotra, Partner, and Paul Huber, Managing Director, at Clearlake. SumTotals Talent Development suite supports learning and talent management initiatives for their customers and offers measurable impact across the entire employee lifecycle. Cornerstone serves over 7,000 customers and 90 million users and is available in 180 countries and 50 languages. 2018 Cohesive Capital. We are thrilled to see the growing strength of Cornerstones industry reputation with a focus on broader choice, greater innovation and a hyper-focus on customer success. But opting out of some of these cookies may affect your browsing experience. With two market leaders joining forces, you now have the greatest assembly of talent experts in the world working with you. The combination of Cornerstone and SumTotal provides organizations with more power to build and strengthen their learning and talent management programs and drive greater people growth and business success. Auf der ZUKUNFT PERSONAL 2022 in Kln fanden in zwei Messehallen insgesamt 16.095 zufriedene Besucher:innen ein spannendes Programm und diverse Mglichkeiten zum Austausch. The acquisition of SumTotal is yet another opportunity for Cornerstone to deliver more value to its customers and employees. santa monica, calif. june 13, 2022 cornerstone ondemand, inc., a leader in adaptive cloud-based hr software solutions, backed by clearlake capital group, l.p. (together with its affiliates, "clearlake"), today announced it has entered into a definitive agreement with skillsoft (nyse: skil), to acquire sumtotal, a provider of learning and Learn more at www.sumtotalsystems.com. A seasoned Cornerstone executive, Mr. Gill previously led teams at both SumTotal and Saba, and brings a wealth of knowledge in highly regulated and complex industries in which SumTotal operates. A seasoned Cornerstone executive, Mr. Gill previously led teams at both SumTotal and Saba, and brings a wealth of knowledge in highly regulated and complex industries in which SumTotal operates. Jim Gill, EVP Americas at Cornerstone will serve as the General Manager of Cornerstones SumTotal business unit. Clearlake Capital-Backed Cornerstone Enters Definitive Agreement to Acquire SumTotal, a Skillsoft Company Strategic combination will further expand Cornerstone's capabilities, enhance reach. Clearlake Weve been joined by experts from organizations like Saba, EdCast, Grovo and Clustree, who share our passion for people growth, and our commitment to HR and learning leaders. The new market for HR apps is disrupting the talent management and ERP marketplace. Los Angeles, San Diego, San Francisco Mergers & Acquisitions Clearlake Capital-Backed Cornerstone To Acquire SumTotal June 14, 2022 Strategic combination will further expand Cornerstone's capabilities, enhance reach of employee-centric innovation, and broaden vertical expertise in highly regulated markets SumTotal Systems, LLC. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. EdCast competes primarily with Degreed, the first vendor who popularized the LXP. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. As a SumTotal customer, this acquisition brings more power to HR and learning leaders like you, more growth for your people and organization, and more of what you love. SumTotal partners with many leading global organizations, including a number of Fortune 500 companies. Manage the compliance program for the SumTotal Cloud Operations Team. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are technology, industrials, and consumer. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. This has been an incredibly important year for Cornerstone, and its acquisition of SumTotal underscores our commitment to the fundamental growth strategy we set out for the company a year ago, said Prashant Mehrotra, Partner, and Paul Huber, Managing Director, at Clearlake. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are technology, industrials, and consumer. As a SumTotal customer, this acquisition brings more power to HR and learning leaders like you, more growth for your people and organization, and more of what you love. SumTotal Systems provides learning and talent management software that help businesses optimize their HR operations. Reading, United Kingdom. Learn more at www.sumtotalsystems.com. cornerstone ondemand, inc., a leader in adaptive cloud-based hr software solutions, backed by clearlake capital group, l.p. (together with its affiliates, "clearlake"), today announced it has entered into a definitive agreement with skillsoft (nyse: skil), to acquire sumtotal, a provider of learning and human capital management With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are technology, industrials, and consumer. On June 13, 2022, Cornerstone acquired software company SumTotal Systems from Skillsoft Acquisition Highlights This is Cornerstone's 3rd transaction in the Software sector. $2 billion Powerball results finally announced: Here are the winning numbers. Cornerstone erwartet eine starke Geschftsdynamik fr 2022, Wachstum im Online-Lernen, kundenorientierte Produktinnovationen, Anerkennung in der Branche und geplante bernahme von EdCast sorgen fr Dynamik im ersten Quartal. A seasoned Cornerstone executive, Mr. Gill previously led teams at both SumTotal and Saba, and brings a wealth of knowledge in highly regulated and complex industries in which SumTotal operates. Ces trois mois de printemps ont t placs sous le signe de la croissance et du dveloppement : celui de nos collaborateurs, de nos comptences, de notre expertise, de . We are thrilled to see the growing strength of Cornerstones industry reputation with a focus on broader choice, greater innovation and a hyper-focus on customer success. JOSH BERSIN Cornerstone Acquires SumTotal For $200 . Were excited to welcome you to join us at our annual customer conference. Centerview Partners LLC served as financial advisor to Cornerstone and Clearlake, and . Learn more at www.sumtotalsystems.com. Clearlake Capital-backed Cornerstone OnDemand Inc announced yesterday it entered into a definitive agreement with Skillsoft (NYSE: SKIL) to acquire the SumTotal SaaS learning platform for approximately $200 million in a cash transaction. Cornerstone serves over 7,000 customers and 90 million users and is available in 180 countries and 50 languages. Senior Solutions Architect. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. BOSTON - June 13, 2022 - Skillsoft Corp. (NYSE: SKIL) ("Skillsoft" or the "Company"), a platform for transformative learning experiences, today announced it has entered into a definitive agreement to sell its SumTotal business, a provider of learning and human capital management software ("LMS" and "HCM") for highly regulated industries, to Cornerstone OnDemand, Inc. ("Cornerstone") for . SumTotal partners with many leading global organizations, including a number of Fortune 500 companies. SumTotals award-winning technology provides talent acquisition, onboarding, learning management, and talent management solutions across some of the most innovative, complex, and highly regulated industries, including technology, airlines, financial services, healthcare, manufacturing, and pharmaceuticals. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Our unmatched understanding of HR, learning and talent needs, global scale and local know-how, and deep vertical industry expertise are designed to help you succeed now more than ever. The acquisition of SumTotal is yet another opportunity for Cornerstone to deliver more value to its customers and employees. SumTotals award-winning technology provides talent acquisition, onboarding, learning management, and talent management solutions across some of the most innovative, complex, and highly regulated industries, including technology, airlines, financial services, healthcare, manufacturing, and pharmaceuticals. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Want to keep learning? Were delighted to welcome the SumTotal team and customers to join this remarkable community that is transforming the learning and talent landscape.. View source version on businesswire.com: https://www.businesswire.com/news/home/20220815005698/en/, Cornerstone News Jun 13, 2022. Business Wire Clearlake Capital-Backed Cornerstone Enters Definitive Agreement to Acquire SumTotal, a Skillsoft Company. Wir machen Ihre Teams fit fr die Zukunft, Der Erfolg unserer Kund:innen steht an erster Stelle, Diversitt, Chancengleichheit und Inklusion (DEI) am Arbeitsplatz, Schulungen fr Kund:innen und Partner:innen, .css-2yuoxy{font-size:1.125rem;font-style:normal;font-weight:400;line-height:1.75;color:var(--csod-colors-primary-dark_blue);margin-top:0px;margin-bottom:0px;text-align:left;min-height:1.175rem;}.css-2yuoxy:lang(de),.css-2yuoxy:lang(nl),.css-2yuoxy:lang(se){font-size:1rem;}.css-2yuoxy:lang(it),.css-2yuoxy:lang(mx),.css-2yuoxy:lang(es),.css-2yuoxy:lang(br),.css-2yuoxy:lang(fr){font-size:0.938rem;}. SumTotals Talent Development suite supports learning and talent management initiatives for their customers and offers measurable impact across the entire employee lifecycle. Skillsoft ( NYSE: SKIL) to sell its SumTotal (SUMT) business, a provider of learning and human capital management software for highly regulated industries, to Cornerstone OnDemand ( CSOD) for. Sprechen Sie mit unseren Cornerstone-Expert:innen und erfahren Sie, wie wir Ihnen bei Ihren individuellen Anforderungen in puncto Personalmanagement helfen knnen. Jim Gill, EVP Americas at Cornerstone will serve as the General Manager of Cornerstones SumTotal business unit. jhurson@lambert.com, Internet Explorer presents a security risk. We are thrilled to see the growing strength of Cornerstones industry reputation with a focus on broader choice, greater innovation and a hyper-focus on customer success. More information is available at www.clearlake.com and on Twitter @Clearlake. Now he wants a divorce. Back in 2014, learning and development (L&D) management company SkillSoft acquired SumTotal . As a SumTotal customer, this acquisition brings more power to HR and learning leaders like you, more growth for your people and organization, and more of what you love. Himanshu PalsuleChief Executive Officer, Cornerstone, Resources to help you become a better HR leader, Share your success with a global audience, Our partners are hand-selected for their expertise, Seize new opportunities as a SumTotal partner, Take the Organizational Maturity Index, 7 Steps to Building a Governance Model for Shared Learning, SumTotal Organizational Maturity Index, Flexible options that support the use cases and talent priorities of our expanded global customer base, Continued enhancements, investments, and support for the solutions you rely on, Access to new and continued innovations across our entire portfolio, More solutions, more focused service, and better outcomes for you. It is mandatory to procure user consent prior to running these cookies on your website. Cornerstone OnDemand supports 92.7% and excels at Compensation Management, Mobile Capabilities and Performance Management. Putting the Human Back in HCM! With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. With SumTotal, organizations can build a culture of learning that is critical to growth, success, and business sustainability. No financial terms. Cornerstone OnDemand Inc, which is backed by Clearlake Capital Group LP, has acquired Gainesville, Florida-based SumTotal, a provider of human resource management software. Cornerstone OnDemand, Inc., a leader in adaptive cloud-based HR software solutions backed by Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), today announced it has completed its acquisition of SumTotal, a provider of learning and human capital management software-as-a-service solutions (SaaS), previously a part of Skillsoft (NYSE: SKIL). Cornerstone vs Skillsoft (SumTotal Systems) Based on verified reviews from real users in the Corporate Learning market. Combined with our O.P.S. improvement approach, we are confident this acquisition will drive growth and value for the business.". To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Unter den Mottos All the know-how, so you knowhow und Celebrating Connections konnte im September Europas grtes Expo-Event nach der coronabedingten Pause zurckkommen.
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