Leading companies to provide talent management implementation and educational services
Santa Monica, CA / Addison, TX – November 8, 2007 – Cornerstone OnDemand, Inc., the only proven provider of on-demand, integrated talent management software and services, and Astadia, a leading management consulting and on-demand technology solutions company, today announced a strategic alliance to provide implementation and educational services for Cornerstone’s rapidly growing roster of clients. Through the partnership, Astadia will support Cornerstone’s consulting team in delivering technical, educational and implementation consulting services to Cornerstone clients across the globe.
“Astadia understands our commitment to delivering world-class service,” said Kirsten Helvey, Vice President of Consulting Services at Cornerstone OnDemand. “Their proven methodology, consulting knowledge, attention to detail, focus on quality and culture of excellence match ours.”
“We believe Cornerstone is a perfect fit for Astadia and for our Employee Performance practice,” said Blake Wolff, COO of Astadia, “But more importantly, our clients will benefit from Cornerstone’s incredible suite of talent management solutions by bringing a new level of learning and accountability to their organizations.”
“Astadia has been the top partner for two of our leading on-demand portfolio companies—Eloqua and Xactly—and we expect in short order with Cornerstone, it will be three,” said Neil Sadaranganey, Venture Partner with Bay Partners. “Astadia will further enable Cornerstone to continue to scale quickly while still providing industry-leading client service.”
Cornerstone received top ratings for customer service in Bersin and Associates’ study 2007 LMS Customer Satisfaction : An Industry Analysis of the Customer Experience with Learning Management Systems. Cornerstone OnDemand was rated as the overall satisfaction leader in all three segments in which it appeared. Additionally, Cornerstone was one of only three companies to be identified as a customer loyalty leader.
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.
Astadia is a management consulting and on-demand technology solutions company that helps businesses become more productive in sales, marketing, customer service and employee performance. With offices across the U.S. and in Europe, Astadia serves businesses, large and small, with subject matter expertise in a wide array of industries. Enabling Customer Relationship Management, Human Capital Management, Marketing Automation, Partner Relationship Management, and Sales Force Automation, Astadia is the largest deployment partner for Salesforce.com, Eloqua, Xactly and other leading SaaS solutions. Astadia is ranked 83rd on the Inc. 500 list. For more information, visit www.astadia.com or call (877) 7ASTADIA (877-727-8234).
About Bay Partners
Bay Partners, LLC is a leading venture capital firm located in Silicon Valley. The firm has been building successful technology companies since 1976, funding over 300 startups. Bay leverages the operating background of its partners and its extensive network of executives and advisors to help outstanding entrepreneurs create the leaders in new high-growth market segments. Notable successes from Bay's portfolio include Brocade, Concord Communications, Digital Island, Exodus, Sonicwall, Placeware, Informatica, Web Logic (BEA) and NetScaler. Bay has over $1 billion under management. For more information, please visit www.baypartners.com.
Cornerstone OnDemand, Inc.