Leading Talent Management Provider Continues Momentum Through Q3
Santa Monica, CA – October 17, 2007 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services, today announced a record quarter for the Company. The Company’s sales increased 89% over the prior year and 128% over the prior quarter.
“The momentum for the business is palpable. Our marketing and sales operations are stronger than they have ever been, our sales pipeline is the strongest in the Company’s history, and our rising numbers reflect that success,” said Adam Miller, President and CEO of Cornerstone. “And with our recent funding, we have had the ability to rapidly expand our sales, international and channel operations.”
During the third quarter, Cornerstone closed two of the largest deals to date for the Company, one in the U.S. and the other in Europe, representing the addition of over 200,000 users to Cornerstone’s talent management suite.
In mid-September, Cornerstone announced significant new financing in the amount of $32 million. The capital is being used to substantially increase sales coverage, expand international operations, build global alliances, and accelerate on-going product development and marketing initiatives. The round was led by Bessemer Venture Partners and Bay Partners.
Cornerstone’s client acquisition continues to accelerate as the Company expands into new markets. The Company is recruiting in sales, account management, marketing and product development. For more information, visit www.cornerstoneondemand.com/careers.
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.
Learn more at cornerstoneondemand.co.uk.