Cornerstone OnDemand, which sells online learning and employee management software, said in a regulatory filing that it expects its upcoming initial public offering to price between $9 and $11 per share.

The Santa Monica software company, which filed an amended S-1 form late Wednesday, said that it plans to offer 10.5 million shares, which would raise around $105 million at the mid-range price. Cornerstone OnDemand Inc. plans to sell 7.5 million shares itself, raising about $65.6 million, with the remaining shares offered by insiders and other early investors.

A date for the offering was not given, but industry sources expect the shares to price the week of March 14. Underwriters will be able to purchase roughly 1.57 million additional shares to cover any overallotments, which would bring gross proceeds to more than $120 million. The company said it will have more than 46.4 million shares outstanding after the offering.

The company said in the filing that its subscription-based software is used by 480 corporate, government and nonprofit clients to train and manage workers in 23 languages. The software has been used by more than 4.9 million people in 164 countries, with bookings growing from $24.9 million in 2008 to $60.9 million last year.

Cornerstone is headed by Chief Executive Adam Miller, who founded the company in 1999. It has venture capital backing from Bay Partners, Bessemer Venture Partners and Meritech Capital.

Cornerstone plans to list its stock on the Nasdaq Global Market under the ticker CSOD. The underwriters are lead by Goldman, Sachs & Co. and Barclays Capital.

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