Cornerstone OnDemand Inc.

Cornerstone OnDemand
Public
Traded as NASDAQ: CSOD
Industry Software Development
Founded Santa Monica (1999)
Founder
  • Adam Miller
  • Perry Wallack
  • Steven Seymour
Headquarters Santa Monica, California, United States
Area served
 Worldwide
Key people
  • Adam Miller, CEO
  • Brian Swartz CFO
Website cornerstoneondemand.com

Cornerstone OnDemand Inc. is a cloud-based learning and talent management solutions provider headquartered in Santa Monica, California.[1][2] The company is publicly traded on the NASDAQ stock exchange under the ticker symbol CSOD.[2] In 1999, Adam Miller, Perry Wallack and Steven Seymour founded Cornerstone OnDemand as CyberU.[2] Miller serves at the CEO of the company.[3][4]

History

Adam Miller, Perry Wallack and Steven Seymour founded Cornerstone OnDemand as CyberU in 1999.[2] The company was founded in Santa Monica, California.[5] Cornerstone OnDemand raised $32 million in its first venture capital round in September 2007. The funding round was led by Bessemer Venture Partners and Bay Partners.[6]

In March 2011, Cornerstone OnDemand raised $136.5 million in its initial public offering.[7][8] The company acquired Sonar6, a cloud-based talent management software for small business, for $14 million in March 2012.[9]

Cornerstone OnDemand acquired Evolv, a data analysis software provider, for $42.5 million in October 2014.[10][11][12] In 2014, the company's annual revenue was $263.6 million.[10] Cornerstone OnDemand has over 2,300 clients worldwide including Hitachi, Princess Cruise lines, Ohio State University and Fruit of the Loom.[10] It has more than 20.5 million users in 191 countries and products in 42 languages.[13]

Cornerstone Innovation Fund

The Cornerstone Innovation Fund invests and collaborates with cloud-based startups in the talent management space.[14] In August 2015, it invested in One Month, Rallyteam, Strive, and Workpop.[14][15]

References

  1. ↑ "Cornerstone Remains Best-Kept Secret In Tech Sector Despite Its Strong Performance". Forbes. June 20, 2012. Retrieved October 26, 2015.
  2. 1 2 3 4 "A Cornerstone of the Cloud". TheStreet. April 27, 2012. Retrieved October 26, 2015.
  3. ↑ "The Startup Turning Point: When You Need to Ask for Help". Entrepreneur. November 12, 2013. Retrieved October 26, 2015.
  4. ↑ "Before Starting A Business, Adam Miller Hit The Road". Investor's Business Daily. May 25, 2012. Retrieved October 26, 2015.
  5. ↑ "Cornerstone OnDemand pursues customers in the cloud". Los Angeles Times. May 25, 2014. Retrieved October 26, 2015.
  6. ↑ "Interview with Adam Miller, Cornerstone OnDemand". socaltech. September 17, 2007. Retrieved October 26, 2015.
  7. ↑ "Cornerstone OnDemand raises $136.5 mln in IPO". Reuters. March 16, 2011. Retrieved October 26, 2015.
  8. ↑ "At Silicon Valley Bank, risky tech start-ups are lucrative business". Los Angeles Times. August 8, 2015. Retrieved October 26, 2015.
  9. ↑ "Cornerstone OnDemand Buys Sonar6 For $14 Million". Forbes. March 8, 2012. Retrieved October 26, 2015.
  10. 1 2 3 "Cornerstone OnDemand thinks big data can tell you who to hire". Fortune. May 12, 2015. Retrieved October 26, 2015.
  11. ↑ "Cornerstone OnDemand nabs machine-learning big data platform Evolv". ZDNet. October 7, 2014. Retrieved October 26, 2015.
  12. ↑ "Cornerstone OnDemand Acquires Evolv Inc. for $43 Million". Los Angeles Business Journal. October 7, 2014. Retrieved October 26, 2015.
  13. ↑ "Cornerstone OnDemand To Present At Deutsche Bank Technology Conference". The Street. September 8, 2015. Retrieved October 26, 2015.
  14. 1 2 "CORNERSTONE ONDEMAND Announces Innovation Fund, First Investments". LA Tech Digest. August 27, 2015. Retrieved October 23, 2015.
  15. ↑ "Cornerstone OnDemand Invests In Four Companies". socaltech. August 27, 2015. Retrieved October 26, 2015.
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