SANTA MONICA, Calif.— August 27, 2015 — Cornerstone OnDemand (NASDAQ:CSOD), 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 include:
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“The strategic investments we are making through the Cornerstone Innovation Fund represent our commitment to fostering the development of the next generation of cloud products for the enterprise,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “Working with these promising young companies 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 business 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.
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