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Santa Monica, CA, October 16, 2006 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services for the enterprise, today unveiled plans to expand all aspects of its operations, with particular emphasis on sales and marketing. The expansion plans have been sparked by the Company’s rapid annual growth including increased customer billings of 135% year over year.

“The significant market demand for integrated talent management solutions to optimize workforce performance, combined with the rapid shift to multi-tenant on-demand software, has put Cornerstone at the forefront of the industry,” said Adam Miller, President and CEO, Cornerstone OnDemand. “In order to accelerate and manage that growth, we are heavily focused on recruiting for sales and account management positions and will be expanding our consulting and service capabilities.”

As the industry’s first and only proven provider of on-demand integrated talent management solutions, Cornerstone successfully delivers robust solutions that leverage the benefits of SaaS to leading Fortune 500 organizations across multiple industries. As a result, Cornerstone continues to achieve 100% annual growth of its customer base since the Company’s inception in 1999. For the third quarter of 2006, Cornerstone experienced an unprecedented win rate of 79% and anticipates continued momentum in both new business and renewals throughout the remainder of the year.

“We selected Cornerstone for the flexibility and ease of use of their on-demand solution as well as their proven success,” said Jane Wulf, Chief Administrative Officer, Scottrade. “Cornerstone’s overall flexibility and responsiveness as an organization as well as their willingness to listen to our feedback is unique. We’re very pleased with our initial success with Cornerstone and anticipate a long and beneficial relationship.”

Cornerstone began laying the groundwork for this expansion earlier this year when it relocated its headquarters to the Santa Monica Water Garden, a large, modern facility in which to house its growing workforce and expanded Consulting Services Group. Those interested in sales, service, consulting or technical positions with Cornerstone OnDemand should contact jobs@cornerstoneondemand.com.

About Cornerstone

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 organisations modernise 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. Learn more at Cornerstone OnDemand.

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