Integrated talent management leader continues momentum and growth
Santa Monica, CA – November 20, 2007 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services, today announced that they have been recognized by the Los Angeles Business Journal as one of the 100 fastest growing private companies in Los Angeles.
Cornerstone provides many of the world’s largest organizations with solutions to optimize workforce productivity and increase employee engagement. The Cornerstone OnDemand talent management suite includes tools for automating learning, performance, compensation, succession, and compliance management, all on one web-based platform.
“This truly has been an epic year for Cornerstone and we are incredibly proud to be included in Los Angeles Business Journal’s 100 Fastest Growing Private Companies in Los Angeles list,” said Adam Miller, president and CEO of Cornerstone. “We have our visionary clients, dedicated partners and outstanding team to thank for our organic and rapid growth.”
In August, Cornerstone OnDemand was named to Inc. magazine’s 2007 list of the 5,000 fastest growing private companies in America.
In September, Cornerstone announced significant new financing in the amount of $32 million. The capital is being used to substantially increase sales coverage, expand international operations, build global alliances, and accelerate on-going product development and marketing initiatives. The round was led by Bessemer Venture Partners and Bay Partners. Cornerstone also closed two of the largest deals to date for the Company, one in the U.S. and the other in Europe, representing the addition of over 200,000 users to Cornerstone’s talent management suite.
Cornerstone’s client acquisition continues to accelerate as the Company expands into new markets. The Company is recruiting in sales, marketing and product development; for more information, visit http://www.cornerstoneondemand.com/careers.
About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organizations to empower their people and optimize workforce productivity with a comprehensive suite of integrated talent management solutions for learning, compliance, performance, succession and compensation management, as well as robust reporting and analytics. Cornerstone also provides over 30,000 pre-integrated training titles. The Company’s multi-tenant, multi-user software as a service (SaaS) architecture provides customers with rapid deployments, minimal IT costs, flexibility, reliability and a lower total cost of ownership. Cornerstone’s triple-digit growth has been supported by a market-leading customer retention rate. Marquee organizations such as Aon, Barnes & Noble, DIRECTV, Honda, Pitney Bowes and Smith Barney count on Cornerstone to help them achieve organizational excellence and competitive advantage. For more information, please visit www.cornerstoneondemand.com.
Cornerstone OnDemand, Inc.