Cornerstone OnDemand Experiences End-of-Year Surge in Europe
Demand for Cornerstone HR Suite, a key driver of client growth in Europe in 2017, signals appetite for flexible, cost-effective alternative to rigid, expensive HR systems
LONDON – 11 April 2018 - Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based learning and human capital management software, today announced a surge in European client demand in the third and fourth quarters of 2017. Growth in new clients nearly doubled in the latter half of 2017, when compared to the first half of the year, reaching a total of approximately 650 clients in Europe.
New European client additions in the last quarter of 2017 include Egmont Administration A/S, Groupe Agrial, Groupe Parot, Felix GmbH & Co KG, Villeroy & Boch AG, AS Citadele Banka, Mediterranean Bank, Kitron ASA, CUF Quimicos Industriais, KRKA, Nova Ljubljanska Banka d.d., Hipoges Iberia, Bühler Management AG, BOC Ltd., Rabobank London, and Lifeways Community Care Ltd.
Nearly a third of Cornerstone’s client growth in Europe was due to strong interest in the Cornerstone HR Suite from new and existing clients in the region. Cornerstone has identified that European firms are looking to alternative HRIS solutions, like the flexible, cost-effective Cornerstone HR Suite, which puts talent management and employee experience at the heart of the HR management strategy and helps to accelerate their digital transformation. There are now more than 100 Cornerstone HR clients globally.
The company also saw early traction in Europe for its expanded learning content offerings, with new client signings such as Coats, Lloyd’s of London and Saint-Gobain. Last autumn, Cornerstone announced strategic partnerships with leading learning content providers Cegos Group, Skill Pill and BizLibrary, joining a roster of over 30 diverse content providers. When coupled with Cornerstone’s learning platform, the combined offerings help organisations to take a more holistic approach to corporate learning by giving organisations more personalised, employee-centric digital learning content and functionality that supports the global need for lifelong learning and continuous training and development.
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“Digital transformation, automation and artificial intelligence have propelled us into the Skills Economy, where businesses need to develop and embrace new skills to drive innovation. Our European clients have been quick to realise the business impact of putting talent management and employee experience at the heart of the company’s HR strategy, which is critical in helping to accelerate digital transformation,” said Vincent Belliveau, executive vice president and general manager EMEA, Cornerstone OnDemand. “Being at the forefront requires organisations to understand the skills, capabilities and potential of employees, as well as effectively plan for the future workforce. Our European clients want to accelerate their digital transformation and recognise they require a more agile approach than what other traditional alternatives provide. Our model allows organisations to quickly and effectively deploy future-proof solutions that have real impact at every stage of the employee journey.”
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.