Deals
Cornerstone OnDemand Is Said to Hire Advisers to Run Review
- Software maker working with Centerview, Goldman on options
- Advisers could help seek suitors, provide activist defense
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Cornerstone OnDemand Inc. has hired financial advisers to work on a strategic review of the maker of cloud-computing software, people with knowledge of the matter said.
Cornerstone is working with Centerview Partners LLC and Goldman Sachs Group Inc., said the people, who asked not to be identified because the information is private. The advisers are working in tandem to engage with potential suitors for the company while also providing activist defense advice against investor Praesidium Investment Management, which has agitated for a sale.