Expansion Will Address Growing Demand in EMEA for Integrated Talent Management
Santa Monica, CA – October 11, 2007 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services, today announced the opening of offices in London, Paris, Munich and Tel Aviv as part of the Company’s ongoing global expansion. The bolstered regional presence provides a solid foundation to support customer care, consulting services, account management and sales throughout Europe, the Middle East and Africa (EMEA).
“The addition of our new offices will allow us to better service our existing global clients and focus on increasing our customer base and brand recognition across the EMEA markets,” said Vincent Belliveau, General Manager of EMEA, Cornerstone OnDemand. “Now, more than ever, organizations in EMEA will have real options for empowering their people and extended enterprises.”
“The expansion of Cornerstone into EMEA represents a significant development in the European market,” said David Wilson, managing director at European analyst Elearnity. “Cornerstone has recognised the growing demand for learning and talent management solutions in Europe, and the need for a stronger global presence. We see an increasing realisation in European organisations of the benefits of a holistic approach to managing their people, and the integration of learning and performance management from a process and systems perspective.”
In mid-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 is continuing to hire customer care, consulting services, account management and sales personnel throughout EMEA. For more information, visit www.cornerstoneondemand.com/careers.
About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organizations to empower their people and optimize workforce productivity with a comprehensive suite of integrated talent management solutions for learning, compliance, performance, succession and compensation 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, flexibility, reliability and a lower total cost of ownership. Cornerstone’s triple-digit growth has been supported by a market-leading customer retention rate. Marquee organizations such as Aon, Barnes & Noble, DIRECTV, Honda, Pitney Bowes and Smith Barney count on Cornerstone to help them achieve organizational excellence and competitive advantage. For more information, please visit www.cornerstoneondemand.com.
Cornerstone OnDemand, Inc.