Cornerstone OnDemand is one of the world’s largest cloud computing companies with more than 3,600 global clients of all sizes, spanning over 40 million users across over 180 countries and 40 different languages. Cornerstone was founded with a passion for empowering people through learning and a conviction that people should be your organization’s greatest competitive advantage. We help organizations around the globe recruit, retain and develop their employees using human capital management solutions delivered as Software-as-a-Service, or SaaS. Our human capital management platform enables organizations to manage the entire employee lifecycle, with a focus on continuous learning and development, to empower employees to realize their potential and drive success within their organization.

We work with clients across all geographies, verticals and market segments to manage the entire employee lifecycle. Our Recruiting, Learning, Performance, and HR Administration suites help with sourcing, attracting, and onboarding new hires; managing training and development requirements; connecting employees with other individuals in the organization; goal setting and performance reviews; as well as linking compensation to performance; identifying development plans based on performance gaps; and then utilizing all of that data for mobility within the organization. Our clients can supplement the product suites with our state-of-the-art analytics capabilities to make more-informed decisions using data from across the platform for talent mobility, engagement and development so that HR and leadership can focus on strategic initiatives to help their organization succeed.

Within the Learning module, we also offer Extended Enterprise and Cornerstone for Salesforce to Enterprise and Mid-Market clients. Extended Enterprise allows clients to train and develop their extended ecosystem of vendors, distributors, and customers with certification programs, trainings and other content. Cornerstone for Salesforce is a cloud-based learning solution developed natively on the Salesforce.com platform that allows organizations to seamlessly access sales enablement and just-in-time training embedded within Salesforce.

In addition to our human capital management suite for clients upmarket, we also offer PiiQ, formerly known as Cornerstone Growth Edition, which is a cloud-based talent management solution with performance and learning products targeted to organizations with 250 or fewer employees.

We sell our software and services both directly through our sales force, and indirectly through our domestic and international network of distributors.  We have a number of direct sales teams in North America organized by market segment, industry and geography as well as direct sales teams in EMEA, APAC and Latin America.  We have developed a network of outsourcing, distribution and referral relationships to expand our reach and provide product and services sales through indirect channels.  We have also entered into alliance relationships with HR consulting firms to deliver consulting services, such as implementation and content development services, to clients. 

We generate most of our revenue from the sale of our solutions pursuant to multi-year client agreements, which typically have terms of three years. We also generate revenue from consulting services for configuration, training, and consulting, as well as from the resale or hosting of third-party e-learning content.

Our over 3,600 clients include multi-national corporations, large domestic enterprises, mid-market companies, public sector organizations, higher education institutions and non-profit entities. Select clients include BMW, Nestlé, T-Mobile, Los Angeles Unified School District, Neiman Marcus, Visa, State of Nebraska, Teach for America, U.S. Treasury, University of Southern California, Novartis and Virgin Media. We support multiple client deployments of more than 150,000 users, including one client with more than 600,000 users.

As of December 2019, we had 1,993 employees. None of our employees are covered by a collective bargaining agreement, and we have never experienced a strike or similar work stoppage. We consider our relations with our employees to be good. Internally, we strive to empower our people by using our solution to on-board, develop, connect, align, assess, retain and promote our own employees.

Cornerstone OnDemand was founded in 1999 and incorporated in Delaware under the name "CyberU, Inc." We subsequently changed our name to Cornerstone OnDemand, Inc. in 2005.

Cornerstone OnDemand commenced its initial public offering on March 17, 2011. Goldman, Sachs & Co. and Barclays Capital were lead joint book runners. William Blair & Company, L.L.C., Pacific Crest Securities LLC, Piper Jaffray & Co. and JMP Securities LLC were co-managers.

Cornerstone OnDemand's common stock is traded on the NASDAQ stock exchange under the symbol "CSOD."

Cornerstone OnDemand is on a calendar year end of December 31.  Once a quarterly earnings date has been established, it will be announced in a press release, which can be found in the News & Events section of the investor relations website.  We will announce the date of our quarterly earnings release shortly after the end of our calendar quarter.

Cornerstone OnDemand's common stock can be purchased on the open market through any registered broker.

We have never declared or paid, and do not anticipate declaring or paying, any cash dividends on our common stock. Any future determination as to the declaration and payment of dividends will be at the discretion of our board of directors and will depend on then-existing conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors our board of directors may deem relevant.

Computershare
P.O. Box 43006
Providence, RI 02940-3006

(866) 401-4854

TDD for hearing Impaired: 800-231-5469
Foreign Shareowners: 201-680-6578
TDD Foreign Shareowners: 201-680-6610
Web Site address:  www.computershare.com/investor

PricewaterhouseCoopers LLP

Cornerstone OnDemand Headquarters
1601 Cloverfield Blvd.
Suite 600 South
Los Angeles, CA 90404
Phone: (310) 752-0200
Website: www.csod.com

For investor relations questions, please contact:
Email: ir@csod.com

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