Cornerstone OnDemand Announces First Series of Investments Through the Cornerstone Innovation Fund

SANTA MONICA, Calif.–(BUSINESS WIRE)–Cornerstone
OnDemand
 (NASDAQ:CSOD), a global leader in cloud-based talent
management software
 solutions, today announced the first series of
investments made through the Cornerstone
Innovation Fund
, the company’s strategic venture arm focused on
investing in and collaborating with the next generation of cloud
startups. The companies in the first series of investments include One
Month
, Rallyteam,
Strive,
and Workpop.

The Cornerstone Innovation Fund invests in early to growth stage
companies that have been identified for their transformative ideas in
and around talent management and have the potential to extend
Cornerstone’s ecosystem. As a strategic partner, Cornerstone provides
companies with mentorship, distribution, and resources to support the
development of their growing businesses.

The first series of Cornerstone Innovation Fund companies includes:

  • One Month, the first-ever online school for entrepreneurship,
    and the best place to learn a new technical skill online in just one
    month. The company offers a variety of award-winning online courses
    designed to help entrepreneurs quickly learn a new skill or software
    tool – such as Ruby, Python and Swift – within 30 days.
  • Rallyteam is a new type of talent networking platform that
    enables companies to better understand and utilize their most valuable
    assets – their people. Rallyteam intelligently matches employees to
    projects, tasks, ideas and people, enabling teams to quickly
    self-organize and companies to respond faster to change.
  • Strive automates the technical hiring process so companies can
    source qualified software developers, test their coding skills, and
    hire more effectively. In an increasingly competitive market for
    technical talent, Strive allows companies to access passive candidate
    pools through authentic engagement, while ensuring that the hiring
    process is effective and developer friendly.
  • Workpop connects service economy employers and candidates in a
    robust community to make the hiring process easier, friendlier and
    more fun. In a world that is still driven by walk-ins, paper
    applications, job boards, and outdated applicant tracking systems,
    Workpop believes there is a better way to pair employers and
    candidates.

Comments on the News

“The strategic investments we are making through the Cornerstone
Innovation Fund represent our commitment to fostering the development of
the next generation of cloud solutions for the enterprise,” said Adam
Miller, founder and CEO of Cornerstone OnDemand. “Working with these
startups allows us to extend our ecosystem into new areas, while also
giving our internal team exposure to some of the great innovation taking
place around us.”

“In addition to the Fund, the Cornerstone Accelerator gives our
portfolio companies immediate access to Cornerstone’s experienced team,
space to work and ongoing mentorship to help them reach the next stage
of their lifecycle,” said Jason Corsello, Vice President, Corporate
Strategy and Development at Cornerstone OnDemand. “The Los Angeles tech
community is growing, and we’re here to foster its success and provide
support to entrepreneurs who choose to found their businesses here.”

To learn more about the Cornerstone Innovation Fund visit:
http://www.cornerstoneondemand.com/company/innovation-fund

About Cornerstone OnDemand

Cornerstone OnDemand (NASDAQ: CSOD) is a global leader in cloud-based
learning and talent management software. The company has pioneered
solutions to help organizations realize the potential of a new world
workforce. From recruitment, onboarding, training and collaboration, to
performance management, compensation, succession planning and analytics,
Cornerstone empowers a lifetime of learning and development that is
fundamental to the growth of employees and organizations.

Based in Santa Monica, California, the company’s solutions are used by
more than 2,300 clients worldwide, spanning more than 20.5 million users
across 191 countries and 42 languages. To learn more about Cornerstone,
visit us on Twitter,
Facebook
and our blog.

Cornerstone® and Cornerstone OnDemand® are
registered trademarks of Cornerstone OnDemand, Inc.

Contacts

Cornerstone OnDemand
Melissa Hariri, +1-310-752-0164
mhariri@csod.com