Cornerstone OnDemand Acquires Evolv for $42,500,000

  • Feed Type
  • Date
    10/8/2014
  • Company Name
    Evolv
  • Mailing Address
    85 Federal Street San Francisco, CA 94107 USA
  • Company Description
    Evolv offers a web-based Talent Intelligence platform that utilizes on-the-job data collected via our Evolv Network to help you make more profitable hiring decisions. Our science-based, proprietary approach better matches employees and employers.
  • Website
    http://www.evolvondemand.com
  • Transaction Type
    M&A
  • Transaction Amount
    $42,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the proposed acquisition, Cornerstone will acquire Evolv for approximately $42.5 million in cash, subject to certain adjustments. In addition, Cornerstone will assume up to $2.0 million in debt and will grant certain Evolv employees restricted stock units covering up to 200,000 shares of Cornerstone common stock, subject to customary vesting requirements.