Partnership with Talent2 Expands Cornerstone OnDemand’s Presence in Asia Pacific Region
Reseller deal allows both companies to take advantage of new APAC market opportunities as more organizations invest in talent management systems
Santa Monica, Calif., August 13, 2009 – To support its continued global expansion, Cornerstone OnDemand Inc. today announced it is partnering with Talent2 (ASX:TWO), the leading talent management and HR outsourcing firm in the Asia Pacific (APAC) region. Talent2 will resell Cornerstone’s Software-as-a-Service (SaaS)-based talent management suite – including solutions for learning management, compliance, employee performance management, onboarding, succession planning, compensation, enterprise social networking and more – in markets such as Australia, New Zealand, Singapore, Hong Kong and Japan.
Josh Bersin, president of industry analyst firm Bersin & Associates, estimates that the size of the global talent management systems market will reach $2.4 billion in 2010. “We would put the APAC market at close to $250 million today and project the growth rate to be about three times the rate of the U.S. and Europe, primarily because the economies there are growing at a much faster pace,” commented Bersin.
“More companies in the Asia Pacific region are looking to invest in SaaS solutions for talent management because the total operational cost of traditional, on-premise software is too high,” said Adam Miller, President and CEO of Cornerstone OnDemand. “Partnering with Talent2, which has a strong presence in APAC, allows Cornerstone to immediately take advantage of these new market opportunities. Our formidable network of strategic alliances worldwide, combined with the success of our team in EMEA, continue to play a key role in the rapid expansion of Cornerstone’s global footprint.”
Headquartered in Australia, Talent2 specializes in helping organizations with HR staffing and talent management needs. The company’s outsourcing services include executive search and recruitment, Human Resources Information Systems (HRIS), payroll, and consulting and learning. Clients include blue-chip companies such as Coles Group Ltd., Johnson & Johnson Pacific, Unisys, QBE Insurance and Telstra, as well as many Australian universities and government departments.
“Our strategic relationship with a talent management software category leader such as Cornerstone OnDemand is a perfect complement to Talent2’s existing learning and HR applications portfolio,” said Peter Goldrick, Asia-Pacific General Manager for Talent2’s Optimise division. “In the past year, we have seen significant growing interest and demand for integrated talent management software in markets such as Australia, Singapore, Hong Kong and Japan. With Cornerstone, we are now able to offer our clients a comprehensive, best-in-class learning and talent management software solution as an integral component of our Learning Outsourcing and talent management services.”
For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com. To follow Cornerstone OnDemand on Twitter, go to http://twitter.com/cornerstoneinc. To read Cornerstone OnDemand’s talent management blog, visit http://www.cornerstoneondemand.com/blog.
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.