Success of the Cornerstone OnDemand Enterprise Suite for Human Capital Management Drives Name Change and Expansion of Executive Team
Santa Monica, CA - May 19, 2005 - CyberU, Inc., a leading provider of on-demand software for talent management, today announced its corporate name change to Cornerstone OnDemand, Inc. In addition, the company has added several new appointments to its management team in the areas of sales, services, and marketing.
"The new name more accurately represents our leadership in the human capital management arena. The success of Cornerstone OnDemand has enabled us to accelerate our growth, and we wanted the company name to reflect our accomplishments in managing employee development and performance," said Adam Miller, President and CEO. "Because for each of our clients, the employees are the cornerstone of their business."
The company's expansion of its management team includes seasoned executives in the areas of sales, marketing, and service delivery. The company plans to accelerate its already rapid growth through an aggressive sales and marketing program led by the expanded team.
Cornerstone OnDemand has been recognized as a "market-wide outperformer" by Bersin & Associates for customer satisfaction and a "visionary" by Gartner in the human capital management space. The company's client base continues to grow with successful enterprise deployments in multiple vertical markets, including financial services, manufacturing, healthcare, automotive, business services, high technology, and non-profit.
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 more than 6,000 customers of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at www.cornerstoneondemand.com.