Cornerstone OnDemand Acquires Saba Software from Vector Capital
April 22, 2020
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.
- Buyers
- Cornerstone OnDemand, Inc.
- Targets
- Saba Software
- Sellers
- Vector Capital
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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