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Pitney Bowes Selects Cornerstone OnDemand for Integrated Learning, Performance Management, and Succession Planning

Santa Monica, CA, August 15, 2005 - Cornerstone OnDemand, a leading provider of integrated on-demand enterprise software solutions for talent management, today announced that Pitney Bowes, the world's leading provider of integrated mail and document management systems, services and solutions, has selected Cornerstone OnDemand as its new human capital management system. Pitney Bowes will replace its existing, separate learning and performance management systems with Cornerstone's fully integrated system. Cornerstone will be rolled out across the organization to over 30,000 employees worldwide and will provide Pitney Bowes with enhanced tools to more strategically manage its workforce.

"We conducted an extensive search for a comprehensive human capital management solution and a vendor who could help us achieve our learning and talent management goals," said Larry Israelite, Director, Strategic Learning, Pitney Bowes, Inc. "Cornerstone OnDemand gives us the tools we need to fully integrate learning, development, performance management, and succession planning within a single highly flexible, yet easy-to-use, product. "

Pitney Bowes will deploy Cornerstone throughout the organization in order to seamlessly link employee performance, business unit capability requirements, and corporate earnings, profit, and productivity goals."

"Pitney Bowes has a very advanced vision for the development and management of its workforce," said Adam Miller, President and CEO of Cornerstone OnDemand. "We're extremely proud that after all the due diligence Pitney Bowes put into this search, our leading edge solution came out on top."

About Cornerstone

Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organizations the technology, content, expertise and specialized focus to help them realize the potential of their people. Featuring comprehensive recruiting, personalized learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone’s people development solutions are used by approximately 6,300 clients of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at www.cornerstoneondemand.com.

Media Contact

Deaira Irons

dirons@csod.com

+1 (310) 752-0164
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