UK Training Industry Press Releases

Despite economy, Cornerstone achieves record-level success in first half of 2009, announces strategic investments across the company to ready growth into 2010

Santa Monica, Calif., August 26, 2009 - Cornerstone OnDemand Inc., a leading provider of on-demand learning and talent management software and services, today announced that despite the current economic climate, the company has performed at record levels for the third straight quarter.  New client bookings for the first half of 2009 were up by more than 100 percent from the previous year, led by the addition of more than 742,000 new users.  Named among the top 100 fastest-growing private software companies in the U.S. by Inc. magazine, Cornerstone also recently announced plans for investing in the company's continued growth. 

"Momentum is in Cornerstone's favor," said Adam Miller, President and CEO of Cornerstone OnDemand.  "Now is the time for us to step on the gas, advance the company's strong competitive position, and ready the company for massive growth into 2010.  This includes investing in the success of our clients, in the quality and innovation of our software, in direct and indirect sales distribution, and in the development and success of Cornerstone's valued team members." 

Cornerstone is broadening the scope of its alliances operations in an effort to scale existing partner initiatives, expand the company's referral network and improve partner enablement.  To lead these efforts, the company has promoted former Senior Director of Strategy and Research, David Somers, to Vice President of Alliances and Strategy.