Business: Software for developing and retaining employees
Two-Year Growth Rate: 283%
2008 Revenue: $24.5 Million
Chief Executive Adam Miller has positioned his company to benefit from globalization by opening offices in Europe, Israel and India.
Secret to Success? The company’s software spans the typical work force life cycle – from employee hiring, training and compliance to performance management, succession planning and corporate social networking. Today, Cornerstone’s software is used by more than 3.1 million active users in 141 countries. Clients include MasterCard, Starwood Hotels & Resorts, Turner Broadcasting System, Ticketmaster and Barclays.
Long-Term Strategy? Cornerstone has expanded its worldwide presence by opening offices in Europe, Israel and India. And key reseller partnerships with organizations such as ADP have allowed the company to extend its reach in other regions such as Asia, the Pacific and South America. Also, despite the recession, the talent management software market is estimated at $2.2 billion for 2009. Companies are still investing in this software because they realize that in order to ready themselves for economic recovery, having a motivated, high-performing work force will be critical.
Growth Potential? Because Cornerstone OnDemand is privately held, we do not share financial information about the company.
Los Angeles Forever? Yes. Cornerstone was founded in Santa Monica 10 years ago and the company looks forward to celebrating many more anniversaries in Santa Monica in the years to come.
For reprint and licensing requests for this article, CLICK HERE.