2007-09-27 Cornerstone OnDemand Accelerates Channel Sales with New Vice President of Alliances
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Software veteran Sean Jacobsohn to drive alliances strategy for integrated talent management leader 

Santa Monica, CA – September 27, 2007 Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software, today announced they have appointed Sean Jacobsohn Vice President of Alliances. Jacobsohn and his team will create and manage an ecosystem of strategic partnerships to further accelerate channel sales and extend unique product and service offerings to Cornerstone clients. 

 

Sean Jacobsohn has been an alliances and sales executive in the technology-enabled business services space since 1999. Prior to joining Cornerstone, he was Vice President of Sales and Partner Development at WageWorks, where he contributed to the Company’s recurring revenue growth from $3 million to $95 million. He spent close to four years at Elance, which sold its software unit to Click Commerce (CKCM). Jacobsohn has also held finance positions at Major League Baseball and The Prudential Realty Group. Jacobsohn has an MBA from Harvard Business School and a BBA in Marketing, Finance, and International Business from University of Wisconsin. 

 

Jacobsohn intends to expand Cornerstone’s customer base not only within the Fortune 1000 segment, but also significantly grow the Company’s small and medium-sized customer base.  He will be identifying partners in regions worldwide where Cornerstone does not currently have a direct sales presence, consulting and implementation partners to help expand the Company’s global footprint, outsourcing and technology partners who can enhance Cornerstone’s product and service offerings, and additional partners with focused industry expertise, including the healthcare, financial services, retail, manufacturing and energy sectors.

 

“Sean has a proven track record for creating new and recurring revenue streams, in addition to maintaining and developing strong relationships with targeted alliances,” said Adam Miller, President and CEO of Cornerstone OnDemand. “He is a valuable addition to the Company and we are excited to have the team in place to exponentially grow our partner opportunities.”

 

Last week, Cornerstone announced significant new financing in the amount of $32 million. The capital will be used to substantially increase sales coverage, expand international operations, build global alliances, and accelerate on-going product development and marketing initiatives. The round was led by Bessemer Venture Partners and Bay Partners.

 

Cornerstone’s client acquisition continues to accelerate as the Company expands into new markets. The Company is recruiting in sales, marketing and product development; for more information, visit http://www.cornerstoneondemand.com/careers.

 

About Cornerstone OnDemand, Inc.
Cornerstone OnDemand helps organizations to empower their people and optimize workforce productivity with a comprehensive suite of integrated talent management solutions for learning, compliance, performance, succession and compensation management, as well as robust reporting and analytics. Cornerstone also provides over 30,000 pre-integrated training titles.  The Company’s multi-tenant, multi-user software as a service (SaaS) architecture provides customers with rapid deployments, minimal IT costs, flexibility, reliability and a lower total cost of ownership.  Cornerstone’s triple-digit growth has been supported by a market-leading customer retention rate.  Marquee organizations such as Aon, Barnes & Noble, DIRECTV, Honda, Pitney Bowes and Smith Barney count on Cornerstone to help them achieve organizational excellence and competitive advantage. For more information, please visit www.cornerstoneondemand.com.

Press Contact:
Michelle Haworth
Cornerstone OnDemand, Inc.
P: 310-752-0178
mhaworth@cornerstoneondemand.com

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