Cornerstone OnDemand Files Registration Statement for Proposed Follow-On Offering
SANTA MONICA, Calif. – July 20, 2011 – Learning and talent management software provider Cornerstone OnDemand Inc. (NASDAQ: CSOD) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed follow-on public offering of up to 8,500,000 shares of its common stock plus up to an additional 1,275,000 shares that may be sold in connection with the potential exercise of the underwriters’ option to purchase additional shares.
Goldman, Sachs & Co. and Barclays Capital Inc. are acting as the joint book-running managers for the offering. Pacific Crest Securities LLC, William Blair & Company L.L.C., Piper Jaffray & Co., JMP Securities LLC and Needham & Company LLC are acting as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing email@example.com; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: 1-888-603-5847 or by emailing firstname.lastname@example.org.
Cornerstone was founded with a passion for empowering people through learning and a conviction that people should be your organisation’s greatest competitive advantage.
Cornerstone is a global human capital management leader with a core belief that companies thrive when they help their employees to realize their potential. Putting this belief into practice, Cornerstone offers solutions to help companies strategically manage and continuously develop their talent throughout the entire employee lifecycle.
Featuring comprehensive recruiting, personalised learning, development-driven performance management, and holistic HR planning, Cornerstone’s human capital management platform is successfully used by more than 3,500 global clients of all sizes, spanning more than 42 million users across 192 countries and 43 languages.
Learn more at cornerstoneondemand.co.uk.