SANTA MONICA, Calif., October 21, 2011
– Learning and talent management software
provider Cornerstone OnDemand
(NASDAQ: CSOD) today announced it has been named as one of the fastest growing software companies in North America by Deloitte’s 2011 Technology Fast 500™. Cornerstone was recognized for the company’s 501 percent fiscal year revenue growth from 2006 to 2010.
“We’re honored to be recognized again by the Deloitte Technology Fast 500 as one of the fastest growing software companies in North America,” said Adam Miller, president and CEO of Cornerstone OnDemand. “Cornerstone’s strong momentum over the past five years is due in large part to our continued commitment to product innovation and the success of our clients, as well as our growing international ecosystem of direct and indirect sales channels. With more than 6 million global users, we now have one of the largest SaaS subscriber bases in the market.”
Organizations featured on the Deloitte Technology Fast 500 list include technology, media, telecommunications, life sciences and clean technology companies. Overall, companies featured on this year’s list achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America. www.fast500.com
About Cornerstone OnDemand
Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management SaaS suite. We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our integrated software offering consists of four cloud solutions, including 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 more than 6 million users across 176 countries and in 28 languages.