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.
About Cornerstone OnDemand
Cornerstone OnDemand (www.cornerstoneondemand.com) empowers people around the world with on-demand, integrated learning and talent management software and services for connecting, developing and performing in the workplace. Cornerstone’s Software-as-a-Service (SaaS)-based solutions span the workforce lifecycle, including onboarding, learning, social networking, compliance, performance, compensation and succession planning. The company also provides extended enterprise solutions to help companies better train and collaborate with customers, vendors and resellers. Available in 16 languages and supported by global, 24x7 customer care, Cornerstone is used by more than 2.5 million active subscribers in 141 countries. The company is headquartered in Santa Monica, California and has international offices in London, Paris, Munich and Tel Aviv.
Around the world companies seeking competitive advantage are outsourcing their human resources (HR) requirements. To meet the increasing demand, Talent2 has strengthened its position as Asia Pacific’s first end-to-end human resources outsourcing (HRO) business. Talent2 is leading the region in executive recruitment, HR business process outsourcing and technology. It is focused on providing integrated HR solutions that are innovative and effective. Talent2 helps its clients to “Acquire, Manage and Optimise” their talent so that they can focus on growing their businesses. Talent2 employs more than 1,100 staff and consultants with offices across Australia, Bahrain, China, Hong Kong, India, Japan, Malaysia, New Zealand, Oman, Papua New Guinea, Qatar, Singapore, Taiwan, the UAE, the UK and the US to serve its extensive client base of blue-chip multi-nationals and public sector organisations.
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