Cornerstone OnDemand - Cornerstone OnDemand Announces Record Fourth Quarter, Fiscal Year 2008 Performance

Q4 Billings Up 90 Percent from 2007; Caps Off Successful Year Marked by Significant Client Growth, Global Expansion, Category-Leading Innovation and Industry Honors

Cornerstone OnDemand Inc., a baton in on-demand, chip acquirements and aptitude administration software and services, today appear the company’s almanac achievement for 2008, including a able abutting to the year in Q4. Despite the bread-and-butter climate, billings for Q4 2008 were up 90 percent from the antecedent year, the a lot of assisting division in the company’s history. Overall budgetary year 2008 billings were up 62 percent from endure year.

“While added vendors are downsizing and acid investment in key business areas, Cornerstone OnDemand is the exception,” said Adam Miller, President and CEO, Cornerstone OnDemand. “Our able business and banking achievement in 2008 positions us able-bodied for the year ahead, and we will abide to address assets to the change of our industry-leading software and to the accouterment of best-in-class applicant services. As IT spending becomes added conservative, we ahead the low absolute amount of buying of our SaaS-based platform, accompanying with the abundant allotment accustomed by our clients, accomplish Cornerstone even added adorable to organizations defective a absolute technology band-aid for managing, developing and abutting workforces.”

Commented Josh Bersin, president, Bersin & Associates, "Organizations advance in aptitude administration solutions are analytic for a financially applicable bell-ringer accomplice that is active abundant to accumulate clip with business, technology, and bazaar changes. Cornerstone's connected all-around growth, accumulated with its authentic SaaS accumulation and absolute and avant-garde access to animal basic management, agreeably position the aggregation a allotment of the top software vendors in the category."

Noteworthy Q4 and FY 2008 milestones include:

•Expanded Global Presence: Cornerstone’s applicant abject grew by about 70 percent in 2008, with the accession of companies in Q4 such as Sanford Health, Freedom Communications, Brooklyn Public Library and First Horizon, a allotment of others. The aggregation aswell saw connected advance of its European presence, with the accession of audience such as Coca-Cola HBC Austria, Travelex, and Active Languages, Switzerland, a allotment of others.

•Fast-Growing Category Leader: Cornerstone’s accelerated business advance becoming rankings a allotment of the fastest-growing companies in North America – including acceptance by the Deloitte 2008 Technology Fast 500 and Inc. 5000. Cornerstone aswell was called a allotment of the top 15 Fastest Growing Private Companies in Southern California by the Los Angeles Business Journal. And industry analyst firms such as Bersin & Associates accepted the aggregation for its absorbing growth, all-encompassing all-around capabilities and committed applicant focus.1

•Award-Winning Talent Management Solutions: Used by added than 1.8 actor breath subscribers in added than 141 countries about the world, Cornerstone’s chip acquirements and aptitude administration apartment is accustomed a allotment of the top bell-ringer offerings in the industry by media and analysts. This includes acceptance such as a “Leaders” position on the Gartner Magic Quadrant for Corporate Learning Systems (CLS) address (June 2008)2 and, added recently, a position in the Gartner Magic Quadrant for Employee Performance Management Software (EPM) address (February 2009).3 * Cornerstone aswell becoming the accomplished all-embracing bell-ringer appraisement (3.5 of 4 stars) in Bersin & Associates’ aptitude administration apartment study.4

•Industry-Leading Product Innovation: Earning analyst acclaim as a abstracted and first-mover in the affiliation of amusing networking and Web 2.0 accoutrement with its platform, Cornerstone launched Cornerstone Connect in October 2008. According to Gartner, by 2012, 40 percent of companies will absorb amusing networks into their accumulated acquirements systems.5

•Strategic Alliances: In 2008, Cornerstone connected to anatomy alliances with key content, account and distribution, and technology partners, including General Physics Corporation, Intrepid Learning Solutions and Monster Worldwide Inc., a allotment of others.

###

Cornerstone® and Cornerstone OnDemand® are registered trademarks of Cornerstone OnDemand Inc.

* The Gartner Magic Quadrants are copyrighted 2008 and 2009 by Gartner, Inc., and are reused with permission. The Magic Quadrant is a graphical representation of a exchange at and for a specific time period. It depicts Gartner’s appraisal of how assertive vendors admeasurement adjoin belief for that marketplace, as authentic by Gartner. Gartner does not endorse any vendor, artefact or account depicted in the Magic Quadrant, and does not admonish technology users to baddest alone those vendors placed in the “Leaders” quadrant. The Magic Quadrant is advised alone as a analysis tool, and is not meant to be a specific adviser to action. Gartner disclaims all warranties, accurate or implied, with account to this research, including any warranties of merchantability or exercise for a accurate purpose.

1. Bersin & Associates, “The Essential Guide to Performance Management Systems” October 2008
2. Gartner Inc., “Magic Quadrant for Corporate Learning Systems,” by Carol Rozwell and James Lundy, June 30, 2008
3. Gartner Inc., “Magic Quadrant for Employee Performance Management Software,” by James Holincheck and Thomas Otter, February 3, 2009
4. Bersin & Associates, “Talent Management Suites: Market Realities, Implementation Experiences, and Vendor Profiles” January 2008
5. Gartner Inc., “Predicts 2009: Maintaining a High-Performance Workplace During Economic Uncertainty” December 2008

Cornerstone OnDemand (www.cornerstoneondemand.com) empowers humans about the apple with on-demand, chip acquirements and aptitude administration software and casework for connecting, developing and assuming in the workplace. Cornerstone’s Software-as-a-Service (SaaS)-based solutions amount the workforce lifecycle, including onboarding, learning, amusing networking, compliance, performance, advantage and assumption planning. The aggregation aswell provides continued action solutions to advice companies bigger alternation and coact with customers, vendors and resellers. Available in 14 languages and accurate by global, 24x7 chump care, Cornerstone is acclimated by added than 1.8 actor breath subscribers in 141 countries. The aggregation is headquartered in Santa Monica, California and has all-embracing offices in London, Paris, Munich, Tel Aviv and Mumbai.

24 Greville Street, London, EC1N 8SS, UK
Tel: + 44 (0) 20 3008 4356
And
28, rue de Londres, 75009 Paris, France
Tel: + 33 (0) 1 78 42 40 17
And
35a Maximilianstrasse, 80539 Munich, Germany
Tel: +49 (0) 89 742 99 711

Contact: Sinead Reynolds-Berti, + 33 (0) 6 28 33 55 66; sberti@cornerstoneondemand.com

PR contact: Bob Little, Bob Little Press & PR, 23 Sherwood Avenue, St Albans, Herts, AL4 9QJ, UK + 44 (0) 1727 860405; www.boblittlepr.com