2007-05-14 The Penn Mutual Life Insurance Company Selects Cornerstone OnDemand Talent Management Suite

May 14, 2007

Screening talent

Comprehensive Talent Management Suite Givesthe Nation's Second Oldest Mutual Life Insurer Powerful Means to Measure Business Progress and Support Employee Development

Santa Monica, CA – May 14, 2007 – Cornerstone OnDemand, Inc., the only proven provider of integrated, on-demand talent management solutions and services, today announced The Penn Mutual Life Insurance Company, the country’s second-oldest mutual life insurer, has selected Cornerstone OnDemand’s Talent Management Suite to support its organizational learning, performance, succession and compliance initiatives.

With a centralized workforce in its Horsham, PA, headquarters and a remote sales force distributed nationwide, Penn Mutual required a robust and cost-effective talent management solution that could be efficiently deployed to its 1500 employees. Moreover, moving from a combination of multiple legacy electronic systems and paper-based processes, Penn Mutual sought a flexible system that would be easy for employees to understand and use and, at the same time, support the company’s extensive business initiatives.

“Cornerstone OnDemand not only delivers an affordable, powerful talent management solution for Penn Mutual, it also synchronizes with our overall company initiatives to support leadership development and process excellence,” said Marlene Ferris, Penn Mutual’s Assistant Vice President, Learning & Talent Development. “Cornerstone OnDemand is perfectly suited to serve our expanding workforce, even catering to employees unfamiliar with eLearning systems. Cornerstone’s intuitive dashboard capabilities to set target metrics with specific timetables allow us to easily measure organizational progress.”

“Financial services firms, such as insurance companies, are confronted with many scenarios that require streamlined processes for employee learning and development, compliance training, corporate succession planning, and organizational measurement,” noted Adam Miller, president and CEO, Cornerstone OnDemand, Inc. “Cornerstone OnDemand is thrilled to partner with Penn Mutual to help the company reach its goals of winning leadership development and enterprise process excellence.”

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