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

 

About The Penn Mutual Life Insurance Company
The Penn Mutual Life Insurance Company is the nation’s second oldest mutual life insurer. Founded in 1847, the company provides life insurance and annuity products through a national network of professional agents and financial advisors who help clients meet their financial needs with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend, & Kent, Inc., its wholly owned subsidiary. Visit Penn Mutual on the Internet at http://www.pennmutual.com.

 

About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organizations to empower their people and optimize workforce productivity by offering a comprehensive suite of talent management solutions for learning, performance, compensation, succession and compliance management, as well as robust reporting and analytics. Cornerstone also provides over 30,000 pre-integrated training titles. The Company’s multi-tenant, multi-user on-demand software architecture provides customers with rapid deployments, minimal IT costs, flexibility, reliability and a lower total cost of ownership.  Cornerstone’s triple-digit growth has been supported by a market-leading customer retention rate. Marquee organizations such as Smith Barney, Pitney Bowes, Mt. Sinai, Honda, DIRECTV, Barnes & Noble, and Aon count on Cornerstone to help them achieve organizational excellence and competitive advantage.

 

For more information, please visit http://www.cornerstoneondemand.com.

Press Contact:
Michelle Haworth
Cornerstone OnDemand, Inc.
P: 310-752-0178
mhaworth@cornerstoneondemand.com

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