Cornerstone OnDemand’s $1.4 Billion Acquisition of Saba Software

Paul Hastings LLP advised Saba Software, a portfolio company of Vector Capital, with respect to Cornerstone OnDemand Inc’s agreement to acquire Saba for US$1.395 billion in cash and stock. Cooley LLP advised Cornerstone OnDemand.

The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the second quarter of 2020.

Saba is a global leader in talent experience solutions with more than 20 years of industry experience developing, delivering and supporting learning, performance and recruiting product solutions.

The Hastings team was led by Steve Camahort (Picture) and Dana Kromm, with assistence of Jeffrey Wolf, Jim Smulkowski, Dan Stellenberg, Lindsay Sparks, Yariv Katz, Charles Patrizia, Todd Schneider, Sherrese Smith, Keith Pisani, Michael Wise, Jeffrey Li, Jennifer Riddle, Kristy Wiehe, Chris Cruickshank, Kami, LaBerge, Bill McCue, Noah Pinegar, Ryan Enchelmayer, April White, Andrew Erber, Bianca Ponziani, Randall Johnston, and Peter Larson.

The Cooley team included Ben Beerle, Rachel Proffitt, Anne Lieberman, Mischi Marca, Patrick Flanagan, McLean Crichton, Anna Maria Galinska and Caitlin Breitenbruck.

Involved fees earner: Mischi a Marca – Cooley LLP; Ben Beerle – Cooley LLP; Caitlin Breitenbruck – Cooley LLP; McLean Crichton – Cooley LLP; Patrick Flanagan – Cooley LLP; Anna Maria Galinska – Cooley LLP; Anne Lieberman – Cooley LLP; Rachel Proffitt – Cooley LLP; Steve Camahort – Paul Hastings; Chris Cruickshank – Paul Hastings; Ryan Enchelmayer – Paul Hastings; Andrew Erber – Paul Hastings; Jeffrey Ii – Paul Hastings; Randall Johnston – Paul Hastings; Yariv Katz – Paul Hastings; Dana Kromm – Paul Hastings; Kami LaBerge – Paul Hastings; Peter Larson – Paul Hastings; Bill McCue – Paul Hastings; Charles Patrizia – Paul Hastings; Noah Pinegar – Paul Hastings; Keith Pisani – Paul Hastings; Bianca Ponziani – Paul Hastings; Jennifer Riddle – Paul Hastings; Todd Schneider – Paul Hastings; Sherrese Smith – Paul Hastings; Ziemowit Smulkowski – Paul Hastings; Lindsay Sparks – Paul Hastings; Dan Stellenberg – Paul Hastings; April White – Paul Hastings; Kristy Wiehe – Paul Hastings; Michael Wise – Paul Hastings; Jeffrey Wolf – Paul Hastings;

Law Firms: Cooley LLP; Paul Hastings;

Clients: Cornerstone OnDemand, Inc.; Saba Software, Inc.;