Clearlake Capital-backed Cornerstone OnDemand completed the acquisition of SumTotal from Skillsoft for $200m.

Clearlake Capital-backed Cornerstone OnDemand, an adaptive cloud-based HR software solutions provider, completed the acquisition of SumTotal, a provider of learning and human capital management software-as-a-service, from Skillsoft, an educational technology company, for $200m. “SumTotal and Cornerstone share a passion for people growth and development. The additional depth of expertise from SumTotal, particularly in high-consequence vertical markets, is an ideal complement to Cornerstone. With Cornerstone’s broad portfolio and agnostic approach to innovation, we expect to offer SumTotal customers even more options for extensibility and growth. Together, we will continue our mission in helping organizations and their people to develop future-proof skills, flexibly grow their careers, and achieve shared success,” Himanshu Palsule, Cornerstone CEO.