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Cornerstone OnDemand ([[CSOD]] +6.2%), which surged today along with many other high-beta tech names, says it's acquiring Sonar6, a New Zealand-based provider of cloud HR software for small businesses, for $14M. Cornerstone pledges to keep Sonar6's products, which are currently used by over 375 companies, separate from its own cloud HR offerings, which are targeted at larger firms.

Cornerstone OnDemand (CSOD +6.2%), which surged today along with many other high-beta tech names, says it's acquiring Sonar6, a New Zealand-based provider of cloud HR software for small businesses, for $14M. Cornerstone pledges to keep Sonar6's products, which are currently used by over 375 companies, separate from its own cloud HR offerings, which are targeted at larger firms. Post your comment!
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