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Clearlake Capital-backed Cornerstone to acquire EdCast

Cornerstone OnDemand, a leader in adaptive cloud-based HR software solutions and a portfolio company of Clearlake Capital, is to acquire EdCast, a learning experience platform (LXP) software provider.

Terms of the transaction, which is expected to close in Q2 2022, have not been disclosed.

This acquisition is the first planned transaction by Cornerstone since joining the Clearlake portfolio in late 2021.  Clearlake and Cornerstone plan to continue accelerating the company’s value through inorganic and organic growth, transformation and market consolidation.

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