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Software veteran Sean Jacobsohn to drive alliances strategy for integrated talent management leader

Santa Monica, CA – September 27, 2007 Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software, today announced they have appointed Sean Jacobsohn Vice President of Alliances. Jacobsohn and his team will create and manage an ecosystem of strategic partnerships to further accelerate channel sales and extend unique product and service offerings to Cornerstone clients.

Sean Jacobsohn has been an alliances and sales executive in the technology-enabled business services space since 1999. Prior to joining Cornerstone, he was Vice President of Sales and Partner Development at WageWorks, where he contributed to the Company’s recurring revenue growth from $3 million to $95 million. He spent close to four years at Elance, which sold its software unit to Click Commerce (CKCM). Jacobsohn has also held finance positions at Major League Baseball and The Prudential Realty Group. Jacobsohn has an MBA from Harvard Business School and a BBA in Marketing, Finance, and International Business from University of Wisconsin.

Jacobsohn intends to expand Cornerstone’s customer base not only within the Fortune 1000 segment, but also significantly grow the Company’s small and medium-sized customer base. He will be identifying partners in regions worldwide where Cornerstone does not currently have a direct sales presence, consulting and implementation partners to help expand the Company’s global footprint, outsourcing and technology partners who can enhance Cornerstone’s product and service offerings, and additional partners with focused industry expertise, including the healthcare, financial services, retail, manufacturing and energy sectors.

“Sean has a proven track record for creating new and recurring revenue streams, in addition to maintaining and developing strong relationships with targeted alliances,” said Adam Miller, President and CEO of Cornerstone OnDemand. “He is a valuable addition to the Company and we are excited to have the team in place to exponentially grow our partner opportunities.”

Last week, Cornerstone announced significant new financing in the amount of $32 million. The capital will be 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’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

Cornerstone powers the future ready workforce, with HR software and solutions designed to unite people, teams, technology and business, and inspire a work environment of growth, agility and success for all. With an AI-powered and skills-forward system designed for the contemporary workforce, we help organizations modernize the learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility, and establish skills as the universal language of growth and success across the business. Cornerstone serves over 6,000 customers and 75M users and is available in 180 countries and 50 languages. https://www.cornerstoneondemand.com/

Media Contact

Deaira Irons

dirons@csod.com

+1 (310) 752-0164
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