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Media
Centre
PRESS INFORMATION
ISSUED ON BEHALF OF:
Cornerstone OnDemand
Media Contacts:
Michelle Haworth
Cornerstone OnDemand
Phone: +1 (310) 752-0178
mhaworth@cornerstoneondemand.com
Sinead Reynolds-Berti
Cornerstone OnDemand
+ 33 (0) 6 28 33 55 66
sberti@cornerstoneondemand.com
Bob Little
Bob Little Press & PR
+ 44 (0) 1727 860405
bob.little@boblittlepr.com
HANNOVER, Germany,
CeBIT 2009 - 2 March 2009
Cornerstone OnDemand Showcases Learning and Talent Management
Software at CeBIT 2009
Industry-leading SaaS-based platform enables high-impact success around
employee collaboration, development and performance
California-based Cornerstone OnDemand Inc. (Booth No. A16/3, Hall 6)
will showcase its award-winning learning and talent management software
at this week's CeBIT 2009 (3-8 March, 2009) global IT trade fair in
Hannover, Germany. Recognised among the top category vendors by
industry analyst firms such as Gartner and Bersin & Associates,
Cornerstone's Software-as-a-Service (SaaS)-based platform provides
organisations of all sizes - and in all industries - with a
comprehensive, cost-effective and easy-to-use solution for enabling
high-impact success around employee collaboration, development and
performance.
While overall IT spending is slowing, recent research indicates that
investment in SaaS technologies such as human capital management
software is increasing due to its relatively low implementation costs
and low total cost of ownership. According to IDC, about 45 percent of
companies will dedicate at least a quarter of their IT budget to SaaS-delivered
business applications, compared with only 23 percent from IDC's 2008
report.(1 )
"Despite the economic downturn, it's still critical for companies to
invest in developing and retaining top talent," said Vincent Belliveau,
General Manager, EMEA, Cornerstone OnDemand Inc. "Cornerstone's
integrated software solution allows for greater organisational
efficiencies, more impactful and cost-effective learning initiatives,
improved workforce insight, and more strategic performance and career
management. And our SaaS-based delivery allows even complex, global
entities to rapidly deploy the solution across the organisation and
easily integrate it with existing HRIS systems such as SAP or
Peoplesoft."
While core solutions for learning and performance are essential for
addressing modern workplace issues, more companies are looking to
enterprise social networking and Web 2.0 technologies - such as
Cornerstone's new Cornerstone Connect platform - to supplement their
strategies for acquiring, onboarding, managing, developing and
motivating employees. A recent survey conducted by industry analyst
firm Knowledge Infusion shows that 62 percent of global companies feel
HR should design a talent management strategy leveraging social
software and technologies.(2)
"The only way to create a compelling business case for enterprise
social networking and collaboration technologies is to implement them
in practical ways that support real business goals," commented
Belliveau. "And by integrating them with applications for learning and
performance, it significantly increases the levels of engagement and
participation."
End
Notes for Editors
About Cornerstone OnDemand Inc.
Cornerstone OnDemand 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 include onboarding,
learning (e.g. e-Learning, instructor led training, virtual classrooms,
etc.), social networking, compliance, performance, compensation and
succession planning. Available in 14 languages and supported by global,
24x7 customer care, Cornerstone is used by more than 1.8 million active
subscribers in 141 countries. The company is headquartered in Santa
Monica, California and has international offices in London, Paris,
Munich, Tel Aviv and Mumbai.
Cornerstone® and Cornerstone OnDemand® are registered trademarks of
Cornerstone OnDemand Inc.
(1) IDC, "Economic Crisis Response: Worldwide Software as a Service
Forecast Update" February 2009
(2) Knowledge Infusion and Human Resource Executive Talent Management
and Social Software Survey, November 2008
For more information, visit
www.cornerstoneondemand.co.uk
Cornerstone® and
Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand
Inc.
Further information
from:
Sinead Reynolds-Berti, Cornerstone OnDemand, + 33 (0) 6 28 33 55 66;
sberti@cornerstoneondemand.com
Bob Little, Bob Little
Press & PR, + 44 (0) 1727 860405;
www.boblittlepr.com
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