Cornerstone OnDemand (Clearlake-backed) Acquires SumTotal from Skillsoft

Clearlake Capital Acquires Cornerstone OnDemand

October 15, 2021

Cloud & SaaS

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand, buying all outstanding shares for $57.50 per share and taking the company private. Vector Capital also completed a minority investment; Clearlake said it will invest to accelerate product innovation and pursue add-on acquisition activity to drive Cornerstone's next phase of growth.

Clearlake-Backed Cornerstone Acquires EdCast

May 16, 2022

Cloud & SaaS

Cornerstone OnDemand, a cloud-based talent management software provider backed by Clearlake Capital, has completed its acquisition of EdCast, a learning experience platform (LXP) provider. The deal combines Cornerstone's LMS and talent management capabilities with EdCast's AI-powered skills engine and content marketplace to create a unified, platform-agnostic people growth experience for customers worldwide.

Cornerstone OnDemand Acquires SkyHive's Skills-Intelligence Capabilities

May 22, 2024

Cloud & SaaS

Cornerstone OnDemand acquired the workforce skills intelligence capabilities and team from SkyHive Technologies Holdings Inc., integrating SkyHive's AI-powered skills platform and labor-market data into Cornerstone Galaxy. The deal expands Cornerstone's reskilling and talent-intelligence capabilities, adding predictive labor-market insights, automated job architecture management, and domain experts to accelerate customers' skills-based workforce transformation.

Cornerstone OnDemand Acquires Saba Software from Vector Capital

April 22, 2020

Cloud & SaaS

Cornerstone OnDemand agreed to acquire Saba Software, a cloud-based talent management provider and Vector Capital portfolio company. The deal was announced in February 2020 for approximately $1.395 billion (cash and stock at signing) and completed in April 2020, with Vector Capital confirming a sale value of about $1.295 billion. The acquisition expands Cornerstone’s people-development and learning portfolio by integrating Saba’s learning, performance and recruiting capabilities.

Cornerstone Acquires Talespin's Extended Reality Capabilities and Team

March 19, 2024

Software

Cornerstone OnDemand has acquired the extended reality (XR) learning capabilities and a team of specialized experts from Talespin to integrate immersive, AI-powered content authoring and skills analytics into its learning and talent experience platform. The acquisition adds Talespin’s XR experiences, CoPilot Designer no-code authoring tool, and generative AI learning labs to Cornerstone’s content subscriptions to accelerate immersive learning adoption across healthcare, manufacturing, retail and finance customers.

Coretek Acquires Total Solutions, Inc.

July 7, 2025

IT Services

Coretek has acquired Total Solutions, Inc., a Michigan-based Microsoft-focused AI, data, and Power Platform solutions provider, and will operate the combined business under the Coretek brand. The deal expands Coretek’s Microsoft Cloud, AI, and managed services capabilities and strengthens its national presence while integrating Total Solutions’ team and expertise into Coretek’s portfolio.