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Media
Centre
PRESS INFORMATION ISSUED ON BEHALF OF:
Cornerstone OnDemand
28, rue de Londres, 75009 Paris, France
Tel: 00 33 01 78 42 40 17
and
24 Greville Street, London, EC1N 8SS, UK
Tel: 00 44 (0)20 3008 4356
and
35a Maximilianstrasse, 80539 Munich, Germany
Tel: 0049 (0) 89 742 99 711
Web:
www.cornerstoneondemand.com
French press release
6th March 2008
Cornerstone OnDemand announces record fourth quarter & 2007 calendar
year
Cornerstone OnDemand, the provider of on-demand, integrated learning
and talent management (ITM) software and services, has announced that
the fourth quarter of 2007 was a record quarter and 2007 a record year
for the company, with high growth and top rankings in customer
satisfaction for Software-as-a-Service (SaaS) learning and talent
management provision.
Cornerstone OnDemand had record revenues for the quarter and 200 per
cent growth from Q4 2006 bookings. Achievements in 2007 included 353
per cent year-on-year growth from 2006 in the number of subscribers of
their learning and talent management suite, as well as the renewal of
97 per cent of the company's client base.
Other key milestones in 2007 included:
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Cornerstone raised $32 million in new financing. The profitable company
has used the funding to speed growth and aggressively expand
internationally.
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The company was named by Inc. as one of the top 5,000 fastest growing
private companies in America as well as one of the 100 fastest growing
private companies in Los Angeles by the Los Angeles Business Journal.
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Cornerstone was named one of three top global talent management suite
providers by Bersin & Associates in their new study entitled, ‘Talent
Management Suites: Market Realities, Implementation Experiences, and
Vendor Profiles'. Cornerstone received the highest possible rating
(four stars) in the completeness of vision, product architecture and
customer satisfaction categories.
"We're proud of our successes in 2007," said Adam Miller, President and
CEO of Cornerstone OnDemand. "Our commitment to our clients and our
people, combined with a focus on innovative product development and
aggressive global expansion have set the foundation for an even more
successful 2008."
End
Notes for editors
About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organisations to empower their people and
optimise workforce productivity with a comprehensive suite of
integrated talent management solutions for learning, compliance,
performance, compensation and succession management, as well as robust
reporting and analytics. Cornerstone also provides over 30,000
pre-integrated training titles. The Company’s multi-tenant, multi-user
software-as-a-service (SaaS) architecture provides customers with rapid
deployments, minimal IT costs, greater flexibility, proven reliability
and a lower total cost of ownership. Cornerstone’s triple-digit growth
has been supported by a market-leading customer retention rate. Leading
enterprises such as Aon, Barnes & Noble, DIRECTV, Honda, Pitney Bowes
and Smith Barney count on Cornerstone to help them achieve
organisational excellence and competitive advantage.
For more information, visit
www.cornerstoneondemand.com
Further information from:
Sinead Reynolds-Berti, Cornerstone OnDemand, 00 33 6 28 33 55 66;
sberti@cornerstoneondemand.com
Bob Little, Bob Little Press & PR, 00 44 (0) 1727 860405;
www.boblittlepr.com
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