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Cornerstone OnDemand, Inc. (CSOD)

  • Wed, Apr. 29, 3:02 PM
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  • Sep. 17, 2012, 4:37 PM
    Oracle (ORCL) is acquiring SelectMinds, a developer of cloud apps for recruiting talent via referrals and social connections, and handling relationship with ex-employees. SelectMinds' software joins an arsenal of Oracle cloud HR solutions that includes its Fusion apps and Taleo. Remaining independent cloud talent management vendors include CSOD, SABA, and ULTI. (IBM-Kenexa) (SAP-SuccessFactors)
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  • Aug. 31, 2012, 5:39 PM
    Saba Software (SABA +17.8%) closed with a huge gain on heavy volume. M&A speculation fueled by IBM's Monday deal to buy fellow cloud HR software firm Kenexa is almost certainly the reason. On Tuesday, B. Riley argued Saba could be sold at a hefty premium to a larger cloud player such as or Workday, or an IT giant such as H-P or Dell. Peers Cornerstone OnDemand (CSOD +2%) and Ultimate Software (ULTI +1.1%) had more modest gains. (previous)
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  • Aug. 27, 2012, 9:18 AM
    IBM is buying cloud HR software vendor Kenexa (KNXA) for $1.3B, or $46/share. The price represents a 42% premium to Kenexa's Friday close. The acquisition follows SAP and Oracle's purchases of peers SuccessFactors and Taleo, and comes as Workday, another big name in the space, prepares an IPO. Cornerstone OnDemand (CSOD), a cloud HR name that hasn't found a buyer yet, could trade higher on the news. IBM expects the acquisition to close in Q4. (PR)
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  • Mar. 8, 2012, 4:59 PM
    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.
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  • Feb. 9, 2012, 1:31 PM
    After surging in the wake of Oracle/Taleo, some cloud software names have sold off: CSOD +1.2%. CTCT -1%. N -0.2%. Others are faring better: SABA +5.7%. CRM +3%. KNXA +2.4%. Bernstein thinks Oracle's modest premium, perhaps due to a limited number of potential buyers, "puts a cap" on future deal valuations. However, as Nomura notes, the run-up already seen in Taleo due to M&A hopes helps explain the small premium.
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  • Feb. 9, 2012, 9:06 AM
    Much like SAP's purchase of SuccessFactors, the Oracle/Taleo deal is lifting the shares of several cloud business software names that haven't yet been bought out. CSOD +8.2%. KNXA +6.4%. SABA +4.8%. CTCT +1.1%. The deal might also affect the IPO valuation of Workday.
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  • Dec. 3, 2011, 1:24 PM
    More on SAP/SuccessFactors: IDC predicted earlier this week the cloud business software space could see a wave of M&A activity, and SAP's big purchase will likely stoke investor hopes for additional deals occurring. Some other cloud software names that could be on the move on Monday: KNXA, TLEO, CSOD, TNGO, N, LPSN, CTCT, SREV.
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Company Description
Cornerstone OnDemand Inc provides comprehensive talent management solutions delivered as Software-as-a-Service.