Press Release

Cornerstone OnDemand Agrees to Buy Saba for Nearly $1.4 Billion

February 25, 2020

San Francisco – February 25, 2020 – Cooley advised Cornerstone OnDemand, a global leader in people development solutions, on its agreement to acquire talent solution company Saba for approximately $1.395 billion in cash and stock. Lawyers Ben Beerle, Rachel Proffitt and Anne Lieberman led the Cooley team advising Cornerstone on the transaction, which is expected to close in Q2, and Mischi a Marca, Patrick Flanagan and McLean Crichton advised Cornerstone on the debt financing for the transaction.

With the addition of Saba, Cornerstone will have an expanded reach and the ability to help a larger, more diverse group of clients realize the potential of their people with the right learning and development opportunities. The combined company will have more than 75 million users and serve approximately 7,000 organizations of all sizes around the globe. 

“The additional depth of expertise and capability from Saba is an ideal complement to Cornerstone,” Adam Miller, CEO and founder of Cornerstone, said in a statement. “With the combination, our product development team is expected to significantly expand, giving us the ability to develop faster, further increase competitive differentiation and help millions of people around the world to overcome the skills divide.”

The combined company will be well positioned to deliver a highly differentiated portfolio of people development and talent experience software solutions by leveraging the existing product portfolio, as well as through accelerated product development enabled by a larger combined R&D team, greater financial resources and a shared vision for the future. 

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 1,100+ lawyers across 16 offices in the United States, Asia and Europe.


This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.