New Global Clients & Strategic Alliances Accelerate Cornerstone OnDemand’s Momentum
Addition of hundreds of thousands of new users, growth of sales channel further expand Cornerstone’s global footprint and strengthen its experience in key segments
Santa Monica, Calif., December 1, 2008 – Cornerstone OnDemand Inc., a leader in on-demand, integrated learning and talent management software and services, today announced that despite the recent turmoil in the economy, the company’s momentum has accelerated in the past four months. This includes the addition of hundreds of thousands of new users via the signing of top-tier clients, as well as the formation of strategic alliances with leading resellers and service organizations. The increase in new account bookings and growth of third-party sales channels further expands Cornerstone’s global footprint and strengthens its experience in key vertical segments.
Praised in a recent Bersin & Associates industry report for its impressive growth, extensive global capabilities and committed client focus, Cornerstone’s newest group of U.S. and international clients represent a wide range of verticals, including: travel and leisure (Starwood Hotels & Resorts Worldwide Inc.); healthcare (SXC Health Solutions Corp, CareOregon, Covenant Health); media (Scholastic); retail and distribution (Advantage Sales & Marketing, Chico’s FAS, Ozburn-Hessey Logistics, Coca Cola Austria); manufacturing (Barry-Wehmiller Companies Inc.); and business and financial services (Travelex, Axiom), among others.
Cornerstone also is having success with its corporate alliance initiatives. In September, Monster Worldwide Inc. announced it is leveraging Cornerstone’s on-demand learning platform to launch a suite of online educational programs for job seekers on Monster.com. Additionally, the company has formed relationships with reselling partners in the learning management, HR outsourcing (HRO) and service areas such as Intrepid Learning Solutions, Laurus Strategies and Intelladon, as well as with specialized healthcare resellers such as Grotenhuis.
“The expansion of our global footprint and success of our strategic partnerships further validate Cornerstone’s leadership in the on-demand talent management software space,” said Adam Miller, President and CEO of Cornerstone OnDemand. “In the past year, we’ve closed some of the largest deals in the SaaS category because of our ability to support wide-scale, worldwide implementations. In 2009, we will continue to focus on the success of our clients, including investments in product innovation and in providing best-in-class client service and support.”
As part of its commitment to being a trusted strategic partner to its clients around the world, Cornerstone expanded its Consulting Services offerings, which includes growth of its internal team of experts and the addition of new strategic global consulting partners. The enhancements further streamline the client service experience, reduce implementation times and help support clients’ overall business objectives.
The company also has added a new team of experts, Cornerstone Success Services, which is dedicated to helping clients maximize their talent management software investments. This includes collaborating with clients to drive product innovation, familiarizing clients with new Cornerstone software features and helping clients optimize how they’re using Cornerstone to bring added value to their businesses.
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 7,000 clients of all sizes, spanning more than 75 million users across over 180 countries and 50+ languages. Learn more at www.cornerstoneondemand.com.