Cornerstone OnDemand Again Named a Leader in IDC Integrated Talent Management MarketScape Report
The 2012 report recognizes Cornerstone for its premier client service, strong functional capabilities and true multitenant SaaS architecture
SANTA MONICA, Calif. – April 26, 2012 – Cornerstone OnDemand (NASDAQ:CSOD), a global leader in cloud-based talent management software solutions, today announced that it has again been named a “Leader” in IDC’s latest Integrated Talent Management MarketScape report.1 The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and one another and highlights the factors expected to be the most influential to success in the market, both short and long term.
“With strong functional capabilities, true multitenant SaaS for scalability and solid customer references, Cornerstone OnDemand is once again a leader in this analysis,” Lisa Rowan, program director of HR, learning and talent strategies at IDC, states in the 2012 report. “Strengths include very high scores in customer service, depth of capability of individual modules, cost appropriateness and timeliness of releases.”
IDC defines talent management as those functions that serve to attract, develop, reward and retain the workforce, with functionality for recruiting and staffing, learning and development, performance management, compensation management, and career and succession planning. According to the report, an escalating level of importance for all of these talent management functions is driving greater demand for integrated suites from a single vendor.
“Our clients benefit from seamless integration of features and functionality, as well as a unified interface, because our solution is pure SaaS and built on a single code base,” said Charles Coy, senior director of analyst and community relations for Cornerstone OnDemand. “While other vendors remain distracted with ERP acquisitions and consolidation of products and services, Cornerstone is focused on advancing and evolving its solutions to align with the ways organizations of all sizes use technology to engage, enable and empower their people. A recent example of our innovation is the addition of the Cornerstone Recruiting Cloud to our organically developed software suite.”
For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com. To follow Cornerstone OnDemand on Twitter, go to http://twitter.com/cornerstoneinc. To read Cornerstone OnDemand’s talent management blog, visit http://www.cornerstoneondemand.com/blog.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Cornerstone OnDemand
Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management solution. We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our integrated software-as-a-service (SaaS) solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. Our clients use our solution to source and recruit top talent, develop employees throughout their careers, engage all employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. We currently empower over 7.5 million users across 179 countries and in 31 languages.
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1. IDC MarketScape: Worldwide Integrated Talent Management 2012 Vendor Analysis, doc #234365, April 2012