Merger Notification - Announcement according to § 10 Cartel Act

Clearlake Capital Group L.P.; Cornerstone on Demand, Inc. - BWB/Z-5630 | Bundeswettbewerbsbehörde

Clearlake Capital Group L.P.; Cornerstone on Demand, Inc.



On 24.08.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Clearlake Capital Group L.P. intends to indirectly acquire all shares in and sole control over Cornerstone on Demand, Inc., (both Santa Monica, California, USA).

Economic Sector: Computer programming, consultancy and related activities.

Industry sector: J - Information und Kommunikation

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.09.2021.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.

Non-prohibition of the merger

The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 22.09.2021 .

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