Partnership with Talent2 Expands Cornerstone OnDemand’s Presence in Asia Pacific Region
Reseller deal allows both companies to take advantage of new APAC market opportunities as more organizations invest in talent management systems
Santa Monica, Calif., August 13, 2009 – To support its continued global expansion, Cornerstone OnDemand Inc. today announced it is partnering with Talent2 (ASX:TWO), the leading talent management and HR outsourcing firm in the Asia Pacific (APAC) region. Talent2 will resell Cornerstone’s Software-as-a-Service (SaaS)-based talent management suite – including solutions for learning management, compliance, employee performance management, onboarding, succession planning, compensation, enterprise social networking and more – in markets such as Australia, New Zealand, Singapore, Hong Kong and Japan.
Josh Bersin, president of industry analyst firm Bersin & Associates, estimates that the size of the global talent management systems market will reach $2.4 billion in 2010. “We would put the APAC market at close to $250 million today and project the growth rate to be about three times the rate of the U.S. and Europe, primarily because the economies there are growing at a much faster pace,” commented Bersin.
“More companies in the Asia Pacific region are looking to invest in SaaS solutions for talent management because the total operational cost of traditional, on-premise software is too high,” said Adam Miller, President and CEO of Cornerstone OnDemand. “Partnering with Talent2, which has a strong presence in APAC, allows Cornerstone to immediately take advantage of these new market opportunities. Our formidable network of strategic alliances worldwide, combined with the success of our team in EMEA, continue to play a key role in the rapid expansion of Cornerstone’s global footprint.”
Headquartered in Australia, Talent2 specializes in helping organizations with HR staffing and talent management needs. The company’s outsourcing services include executive search and recruitment, Human Resources Information Systems (HRIS), payroll, and consulting and learning. Clients include blue-chip companies such as Coles Group Ltd., Johnson & Johnson Pacific, Unisys, QBE Insurance and Telstra, as well as many Australian universities and government departments.
“Our strategic relationship with a talent management software category leader such as Cornerstone OnDemand is a perfect complement to Talent2’s existing learning and HR applications portfolio,” said Peter Goldrick, Asia-Pacific General Manager for Talent2’s Optimise division. “In the past year, we have seen significant growing interest and demand for integrated talent management software in markets such as Australia, Singapore, Hong Kong and Japan. With Cornerstone, we are now able to offer our clients a comprehensive, best-in-class learning and talent management software solution as an integral component of our Learning Outsourcing and talent management services.”
For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com. To follow Cornerstone OnDemand on Twitter, go to http://twitter.com/cornerstoneinc. To read Cornerstone OnDemand’s talent management blog, visit http://www.cornerstoneondemand.com/blog.
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/