Cornerstone Unveils Frontline Recruiting Solution and Acquisition of Workpop
Cornerstone Frontline Changes the Talent Acquisition Game for Retail, Manufacturing and Healthcare Companies
SANTA MONICA, Calif. — September 12, 2018 – Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based learning and human capital management software, today unveiled Cornerstone Frontline, a recruiting solution built to meet the needs of companies seeking to hire local, entry-level and frontline employees, such as store managers recruiting new cashiers, supervisors seeking seasonal warehouse employees and healthcare providers looking for administrative staff. Today, Cornerstone has more than 1,000 retail, manufacturing and healthcare clients.
Cornerstone also announced the acquisition of Workpop, Inc. Founded in 2014, Workpop provides an easy-to-use, robust web and mobile solution for candidates and hiring managers in service-based industries. Workpop supports smaller retail chains and well-known brands such as The Peninsula Hotels, Hillstone Restaurant Group, Tao Group, Sweetgreen, and Jersey Mike’s Subs. In 2015, Cornerstone first invested in Workpop through Cornerstone’s Innovation Fund.
The new Cornerstone Frontline recruiting solution will combine the power of Cornerstone’s enterprise applicant tracking system for corporate employees with Workpop’s robust recruiting solution. Available next year, Cornerstone Frontline will be part of the Cornerstone Recruiting suite, which delivers an engaging candidate experience, streamlines the hiring and onboarding process and enables organizations to make smarter hiring decisions.
“Cornerstone Frontline solves a huge pain point for our clients with high volumes of entry-level and hourly employees, and the acquisition of Workpop helps make Frontline possible,” said Adam Miller, founder and CEO, Cornerstone OnDemand. “The Workpop team provides us with deep domain knowledge and outstanding product design capabilities to further accelerate our momentum in recruiting.”
This press release contains forward-looking statements about the expectations, beliefs, plans, intentions and strategies of Cornerstone relating to its acquisition of Workpop. Such forward-looking statements include statements regarding future product offerings; expected benefits to Cornerstone and its customers; and plans regarding the integration of Workpop’s products with Cornerstone’s. These statements reflect the current beliefs of Cornerstone and are based on current information available to Cornerstone as of the date hereof, and Cornerstone does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. The ability of Cornerstone to achieve these business objectives involves many risks and uncertainties that could cause actual outcomes and results to differ materially and adversely from those expressed in any forward-looking statements. These risks and uncertainties include the failure to achieve expected synergies and efficiencies of operations between Cornerstone and Workpop; the ability of Cornerstone and Workpop to successfully integrate their respective market opportunities, technology, products, personnel and operations; the failure to timely develop and achieve market acceptance of combined products and services; the potential impact on the business of Workpop as a result of the acquisition; the loss of any Workpop customers; the ability to coordinate strategy and resources between Cornerstone and Workpop; the ability of Cornerstone and Workpop to retain and motivate key employees of Workpop; general economic conditions; as well as those risks and uncertainties included in the reports Cornerstone has filed with the Securities and Exchange Commission, including its Form 10-Q filed with the Securities and Exchange Commission on August 7, 2018 for the quarter ended June 30, 2018, which is available on the Investor Relations section of our website at csod.com and on the SEC website at www.sec.gov.
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/