Press Release November 08, 2017

Cornerstone OnDemand Announces $300 Million Strategic Investment Led by Silver Lake to Accelerate Next Phase of Growth

Cornerstone OnDemand, Inc. (NASDAQ: CSOD) today announced that Silver Lake, together with LinkedIn, will make a $300 million strategic investment in the company. Cornerstone intends to use the proceeds of the new investment to fund growth initiatives and manage its capital structure, including repaying existing convertible debt and repurchasing common shares. Goodwin is advising Cornerstone on this strategic investment.

In connection with the investment, Cornerstone is launching a three-part strategic plan: (1) sharpening its focus on recurring revenue growth; (2) more aggressively driving operating margins and free cash flow; and (3) leveraging its leadership position in global learning to expand its presence in e-learning content.

Cornerstone OnDemand, Inc. (NASDAQ: CSOD) is a global leader in cloud-based learning and human capital management software. The company is pioneering solutions to help organizations realize the potential of the modern workforce.

Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo.

The Goodwin team was led by partners Stuart Cable, Lisa Haddad, Ettore Santucci, Jacqueline Mercier and David Roberts.

For additional details on the transaction, please read the press release.