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Pitney Bowes Selects Cornerstone OnDemand for Integrated Learning, Performance Management, and Succession Planning

Santa Monica, CA, August 15, 2005 - Cornerstone OnDemand, a leading provider of integrated on-demand enterprise software solutions for talent management, today announced that Pitney Bowes, the world's leading provider of integrated mail and document management systems, services and solutions, has selected Cornerstone OnDemand as its new human capital management system. Pitney Bowes will replace its existing, separate learning and performance management systems with Cornerstone's fully integrated system. Cornerstone will be rolled out across the organization to over 30,000 employees worldwide and will provide Pitney Bowes with enhanced tools to more strategically manage its workforce.

"We conducted an extensive search for a comprehensive human capital management solution and a vendor who could help us achieve our learning and talent management goals," said Larry Israelite, Director, Strategic Learning, Pitney Bowes, Inc. "Cornerstone OnDemand gives us the tools we need to fully integrate learning, development, performance management, and succession planning within a single highly flexible, yet easy-to-use, product. "

Pitney Bowes will deploy Cornerstone throughout the organization in order to seamlessly link employee performance, business unit capability requirements, and corporate earnings, profit, and productivity goals."

"Pitney Bowes has a very advanced vision for the development and management of its workforce," said Adam Miller, President and CEO of Cornerstone OnDemand. "We're extremely proud that after all the due diligence Pitney Bowes put into this search, our leading edge solution came out on top."

About Cornerstone

Cornerstone was founded with a passion for empowering people through learning and a conviction that people should be your organisation’s greatest competitive advantage.

Cornerstone is a global human capital management leader with a core belief that companies thrive when they help their employees to realize their potential. Putting this belief into practice, Cornerstone offers solutions to help companies strategically manage and continuously develop their talent throughout the entire employee lifecycle.

Featuring comprehensive recruiting, personalised learning, development-driven performance management, and holistic HR planning, Cornerstone’s human capital management platform is successfully used by more than 3,500 global clients of all sizes, spanning more than 42 million users across 192 countries and 43 languages.

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