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Cornerstone OnDemand CFO Perry Wallack Named TechAmerica Overall Financial Star of the Year

SANTA MONICA, Calif. May 25, 2011 – Learning and talent management software provider Cornerstone OnDemand (NASDAQ: CSOD) today announced that the company’s CFO, Perry Wallack, has been named the TechAmerica 2011 Overall Financial Star of the Year, the award’s highest honor.

TechAmerica, the industry’s largest trade association and advocacy organization, presented the inaugural awards to recognize the accomplishments of financial leaders in the greater Los Angeles community who have significantly contributed to the success of their companies, industry, peers and community. Winners in seven categories were announced at an awards ceremony last week at Los Angeles’ Skirball Cultural Center.

“Perry Wallack exemplifies the highest level of executive talent we’ve seen among the nominees of our first annual Financial Stars of the Year awards,” said Dotty Kaminsky, TechAmerica’s associate director. “We congratulate Perry on his exceptional performance and leadership as CFO of Cornerstone OnDemand and the success of the company’s recent IPO.”

Since Wallack co-founded Cornerstone OnDemand in 1999, the company has enjoyed steady business growth, expanded global presence and industry-leading product innovation, resulting in an initial public offering in March of this year. Cornerstone is recognized among the leading SaaS-based talent management solution vendors by top industry analyst firms such as Gartner, IDC, Forrester and Bersin & Associates. The company also has been ranked among the fastest growing companies in North America by organizations such as the Deloitte Technology Fast 500 and the Inc. 5000.

“I am very honored to be recognized by TechAmerica as the organization’s first Overall Financial Star of the Year. It is particularly meaningful given Cornerstone’s recent IPO and the growth of the business over the past several years,” said Wallack. “I could not have achieved this without the support of a world-class accounting and finance team. The team’s technical ability, commitment and dedication to the company are unparalleled.”

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.

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 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.

Media Contact

Deaira Irons

dirons@csod.com

310-752-0164
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