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CSOD on NASDAQ

Cornerstone OnDemand Inc.

Logo: cornerstoneondemand.com5

American software company, 1999–2021

Cornerstone OnDemand, Inc. is a cloud-based human capital management software company headquartered in Santa Monica, California, providing learning management, talent management and workforce development platforms to enterprise customers. Founded in 1999 as CyberU, an online corporate training provider, the company pivoted to HR software and went public on the Nasdaq in 2011 under the ticker CSOD. In August 2021 it was acquired by private equity firm Clearlake Capital in a transaction valued at approximately $5.2 billion, taking the company private.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1999Founded1

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  • TickerCSOD on NASDAQ1
  • IndustryServices-Prepackaged Software1
  • HeadquartersSanta Monica1
  • Websitewww.cornerstoneondemand.com
  • Legal formpublic company1
  • Incorporated inDE6
  • Business address1601 Cloverfield Blvd, Suite 620, Santa Monica, Ca 904046
  • Filer categoryLarge accelerated filer6
  • LEI549300Z402F16H5EGH484
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 30450454

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Cornerstone OnDemand Inc. image from its website
Image: cornerstoneondemand.com8

Cornerstone OnDemand, Inc. is a cloud-based human capital management software company headquartered in Santa Monica, California, providing learning management, talent management and workforce development platforms to enterprise customers. Founded in 1999 as CyberU, an online corporate training provider, the company pivoted to HR software and went public on the Nasdaq in 2011 under the ticker CSOD. In August 2021 it was acquired by private equity firm Clearlake Capital in a transaction valued at approximately $5.2 billion, taking the company private.3

Corporate structure

Cornerstone OnDemand Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cornerstone OnDemand Inc.

  • Cornerstone OnDemand Inc. Santa Monica, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cornerstone OnDemand Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$99.0M9 Dec 31, 2020$86.4M9 Dec 31, 2019+14.6%
Accumulated depreciation$66.7M9 Dec 31, 2020$49.9M9 Dec 31, 2019+33.8%
Property and equipment, net$32.3M9 Dec 31, 2020$36.5M9 Dec 31, 2019−11.6%
Operating-lease assets (leased space)$74.4M9 Dec 31, 2020$72.9M9 Dec 31, 2019+2.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$153.2M9 Dec 31, 2020$215.9M9 Dec 31, 2019−29.1%
Marketable securities, current$09 Dec 31, 2020$201.6M9 Dec 31, 2019−100.0%
Equity securities at fair value$1.8M9 Dec 31, 2020$1.8M9 Dec 31, 20190%
Stakes in other companies (equity method)$6.8M9 Dec 31, 2020$8.0M9 Dec 31, 2019−14.8%
Long-term investments$8.6M9 Dec 31, 2020$60.2M9 Dec 31, 2019−85.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$961.3M9 Dec 31, 2020$47.5M9 Dec 31, 2019+1925.8%
Intangible assets, net (excluding goodwill)$436.3M9 Dec 31, 2020$9.4M9 Dec 31, 2019+4521.7%
Finite-lived intangibles, gross$510.6M9 Dec 31, 2020$44.7M9 Dec 31, 2019+1042.7%
Accumulated amortization$74.3M9 Dec 31, 2020$35.2M9 Dec 31, 2019+110.9%
Finite-lived intangibles, net$436.3M9 Dec 31, 2020$9.4M9 Dec 31, 2019+4521.7%

The story

Cornerstone OnDemand, Inc. was founded by Adam Miller, Perry Wallack and Steven Seymour in 1999 under the name CyberU and as a learning technology company. It is based in Santa Monica, CA.

The company went public in 2011 on NASDAQ and trades under the symbol CSOD. As of 2017, more than 3000 companies were using the company's software. With the purchase of Saba in 2020, the company expanded to 7000 users.

In 2017, the company received a $300 million investment from Linkedin and Silver Lake.

In August 2021, Cornerstone OnDemand Inc. was acquired by private equity firm Clearlake Capital Group in a deal estimated to be worth $5.2 billion. The company is now privately held.

From Wikipedia’s article on Cornerstone OnDemand, shared under CC BY-SA 4.0.7

Leadership

Who has led Cornerstone OnDemand Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Philip Seth Saunders2020–2021

President

  1. Jeff Lautenbach2018–2021

Chief financial officer

  1. Perry A. Wallack2011–2015
  2. Brian L. Swartz2016–2020
  3. Chirag Shah2021

Chief operating officer

  1. Kirsten Maas Helvey2016–2018
200020052010201520202025
Board members and other officers (27)

Timeline

  1. Oct 15, 20218-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer40
  2. Oct 12, 20218-K Shareholder vote41
  3. Jun 15, 2020New chief executive Philip Seth Saunders becomes CEO10
  4. Mar 17, 2011Went public Listed on NASDAQ1
  5. 1999Founded Founded1

Filings

34 filings to the SEC since October 2021: 2 major events, 18 insider forms, 2 large holders, 12 other. The latest 20:

  1. Feb 10, 2022SC 13G/A EDGAR
  2. Oct 25, 202115-12B EDGAR
  3. Oct 19, 2021SC 13D/A EDGAR
  4. Oct 19, 20214 FORM 4 SUBMISSION EDGAR
  5. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  6. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  7. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  8. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  9. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  10. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  11. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  12. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  13. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  14. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  15. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  16. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  17. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  18. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  19. Oct 18, 20214 FORM 4 SUBMISSION EDGAR
  20. Oct 15, 2021S-8 POS EDGAR

The 34 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 8, 2021Miller Adam LSale3,840$57.42$220.5KForm 4
Oct 7, 2021Miller Adam LSale3,840$57.37$220.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$89.1M 2011–2026
Money received by yearMoney received by year, 2011–2026: $89.1M in all. Federal contracts $89.1M.$0$5M$10M$15M2011 · Federal contracts: $1.3M20112012 · Federal contracts: $7.0M2013 · Federal contracts: $4.2M20132014 · Federal contracts: $4.5M2015 · Federal contracts: $3.3M20152016 · Federal contracts: $3.4M2017 · Federal contracts: $4.3M20172018 · Federal contracts: $3.2M2019 · Federal contracts: $3.6M20192020 · Federal contracts: $2.2M2021 · Federal contracts: $4.2M20212022 · Federal contracts: $8.7M2023 · Federal contracts: $11.2M20232024 · Federal contracts: $13.1M2025 · Federal contracts: $11.5M20252026 · Federal contracts: $3.4M2026
Figures by year
YearFederal contractsTotal
2026$3.4M$3.4M
2025$11.5M$11.5M
2024$13.1M$13.1M
2023$11.2M$11.2M
2022$8.7M$8.7M
2021$4.2M$4.2M
2020$2.2M$2.2M
2019$3.6M$3.6M
2018$3.2M$3.2M
2017$4.3M$4.3M
2016$3.4M$3.4M
2015$3.3M$3.3M
2014$4.5M$4.5M
2013$4.2M$4.2M
2012$7.0M$7.0M
2011$1.3M$1.3M

Federal awards

Obligated amounts from USAspending.gov44, by calendar year, 2011–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Sep 24, 2025$6.4M from Washington Headquarters Services: Navy cornerstone ondemand licenses45 To CORNERSTONE ONDEMAND, INC. Award HQ003425FE310
  2. Sep 24, 2024$6.1M from Washington Headquarters Services: Department of navy (don) waypoints partnership cornerstone ondemand licenses46 To CORNERSTONE ONDEMAND, INC. Award HQ003424F0583
  3. Aug 15, 2025$5.6M from Washington Headquarters Services: Cornerstone ondemand (csod) licenses and content per product list attached at section j.47 To CORNERSTONE ONDEMAND, INC. Award HQ003425FE227
  4. Aug 15, 2024$5.2M from Washington Headquarters Services: Cornerstone licenses subscription48 To CORNERSTONE ONDEMAND, INC. Award HQ003424F0441
  5. Aug 10, 2023$5.0M from Washington Headquarters Services: User licenses for cornerstone ondemand (csod) application, integrations, tools and content49 To CORNERSTONE ONDEMAND, INC. Award HQ003423F0422

SEC filer profile

How Cornerstone OnDemand Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCornerstone OnDemand Inc2
  • CIK0001401680
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • Business address1601 Cloverfield Blvd, Suite 620, Santa Monica, CA 904042
  • Phone310-752-02002
  • Shares outstanding66,754,079 as of Jul 30, 202150
  • Public float$2.1B as of Jun 30, 20209
  • On EDGAR sinceMay 24, 20072
  • Filings1,040 in all: 4 (673), 8-K (102), SC 13G/A (43), 3 (38), 10-Q (32), DEFA14A (17), SC 13G (17), 4/A (11)2
    All 39 form types

    10-K (10), DEF 14A (10), S-8 (10), S-8 POS (10), CORRESP (8), SC 13D/A (8), UPLOAD (7), S-1/A (6), 8-K/A (5), SC 13D (5), 3/A (3), D (3), REGDEX (2), S-1 (2), S-3ASR (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 424B3 (1), 424B7 (1), 5 (1), 8-A12B (1), ARS (1), CERTNAS (1), CT ORDER (1), DEFM14A (1), DEFR14A (1), EFFECT (1), PRE 14A (1), PREM14A (1), RW (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2021
    Quarterly report (10-Q) Aug 6, 2021
    Proxy statement (DEF 14A) Apr 21, 2021
    Latest 8-K (8-K) Oct 15, 2021

Sources

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