Leading Talent Management Provider Continues Momentum Through Q3
Santa Monica, CA – October 17, 2007 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services, today announced a record quarter for the Company. The Company’s sales increased 89% over the prior year and 128% over the prior quarter.
“The momentum for the business is palpable. Our marketing and sales operations are stronger than they have ever been, our sales pipeline is the strongest in the Company’s history, and our rising numbers reflect that success,” said Adam Miller, President and CEO of Cornerstone. “And with our recent funding, we have had the ability to rapidly expand our sales, international and channel operations.”
During the third quarter, Cornerstone 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.
In mid-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’s client acquisition continues to accelerate as the Company expands into new markets. The Company is recruiting in sales, account management, marketing and product development. For more information, visit www.cornerstoneondemand.com/careers.
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/