Report: Cornerstone OnDemand Hires Investment Bankers For Review

Santa Monica-based Cornerstone OnDemand has hired investment banking firms Centerview Partners and Goldman Sachs, in a move that could result in either a sale of the company, or help in fighting off an activist investor, according to a report. Bloomberg, quoting "people with knowledge of the matter", said that Centerview and Goldman are both looking for potential suitors, and also providing advice in how to manage activist investment firm Praesidium Investment Management, which has apparently urging Cornerstone OnDemand to sell the company.