finance

finance

Cornerstone OnDemand, the Santa Monica–based learning and talent management software company, is shaking things up. Shareholders approved on Tuesday a $5.2 billion deal to take the company private.

In an all-cash transaction, Clearlake Capital Group (also based in Santa Monica) takes ownership of the company through a combination of equity and debt, buying the outstanding shares at $57.50 per share.

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On this episode of the L.A. Venture podcast, hear Matt McCall discuss his journey into entrepreneurship and wearing life like "a loose sweater."

McCall is well-known to the L.A. venture community as a partner at the Pritzker Group. The company came from a very large family office, which owned The Hyatt, Royal Caribbean and the Marmon group, among others.

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Ted Mico created an automated customer service platform that works with companies like Crate & Barrel and subscription box service FabFitFun because he hated chat bots.

His three-year old company Thankful was born after his own experience waiting two weeks to hear back from customer service and throwing his phone in frustration across the room far too many times.

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