Cornerstone OnDemand Withdraws Registration Statement on Form S-1 Due to Market Conditions
SANTA MONICA, Calif. – August 8, 2011 – Learning and talent management software provider Cornerstone OnDemand, Inc. (NASDAQ: CSOD) announced today that, due to adverse market conditions, it has asked the Securities and Exchange Commission (SEC) to withdraw the registration statement on Form S-1 it filed with the SEC on July 20, 2011 in connection with a planned follow-on offering of its common stock. The vast majority of the shares to be sold in the offering consisted of shares held by certain of Cornerstone’s existing stockholders, and holders of a majority of the shares to be sold were unwilling to participate in the offering at current market prices. In addition, Cornerstone had anticipated selling a minimal number of shares to offset expected transaction expenses, and Cornerstone has determined that issuing and selling any shares at this time would not be in the best interests of Cornerstone and its stockholders.
A propos de Cornerstone OnDemand
Cornerstone OnDemand (NASDAQ : CSOD) est l’un des leaders des logiciels cloud de gestion de la formation et du capital humain. Recrutement, intégration, formation, gestion de la performance et de la rémunération, plans de succession, gestion des données RH, gestion des effectifs et analytique RH : la plateforme est pensée pour développer pleinement le potentiel des organisations et des personnes.
Plus de 3 250 clients et plus de 36 millions d’utilisateurs utilisent aujourd’hui le logiciel de Cornerstone OnDemand, dans 192 pays et en 43 langues.