Cornerstone OnDemand (CSOD +6.2%), which surged today along with many other high-beta tech...

|About: Cornerstone OnDemand, Inc. (CSOD)|By:, SA News Editor

Cornerstone OnDemand (CSOD +6.2%), which surged today along with many other high-beta tech names, says it's acquiring Sonar6, a New Zealand-based provider of cloud HR software for small businesses, for $14M. Cornerstone pledges to keep Sonar6's products, which are currently used by over 375 companies, separate from its own cloud HR offerings, which are targeted at larger firms.