Cornerstone OnDemand Recognized

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<p><strong>Santa Monica, Calif. &mdash; Dec. 4</strong><br />Cornerstone OnDemand Inc., a provider of on-demand, integrated talent management software and services, announced that it has been recognized by the Los Angeles Business Journal as one of the 100 fastest growing private companies in Los Angeles.<br /> <br />Cornerstone provides many of the world&rsquo;s largest organizations with solutions to optimize workforce productivity and increase employee engagement. The Cornerstone OnDemand talent management suite includes tools for automating learning, performance, compensation, succession and compliance management, all on one Web-based platform.<br /> <br />&ldquo;This truly has been an epic year for Cornerstone, and we are incredibly proud to be included in Los Angeles Business Journal&rsquo;s 100 Fastest Growing Private Companies in Los Angeles list,&rdquo; said Adam Miller, president and CEO of Cornerstone. &ldquo;We have our visionary clients, dedicated partners and outstanding team to thank for our organic and rapid growth.&rdquo;<br /> <br />In August, Cornerstone OnDemand was named to Inc. magazine&rsquo;s 2007 list of the 5,000 fastest growing private companies in America. <br /> <br />In September, Cornerstone announced significant new financing in the amount of $32 million. The capital is being used to substantially increase sales coverage, expand international operations, build global alliances, and accelerate on-going product development and marketing initiatives. The round was led by Bessemer Venture Partners and Bay Partners. Cornerstone also closed two of the largest deals to date for the company, one in the U.S. and the other in Europe, representing the addition of more than 200,000 users to Cornerstone&rsquo;s talent management suite.<br /> <br />In October, the company opened offices throughout EMEA and hired seasoned executives Vincent Belliveau to run operations for the region and Sean Jacobsohn to drive global alliances strategy.<br /> <br />Cornerstone&rsquo;s client acquisition continues to accelerate as the company expands into new markets. The company is recruiting in sales, marketing and product development. </p>

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