Cornerstone OnDemand Recent Developments
In September 2018, Cornerstone OnDemand expanded its operations to Salt Lake City adding up to 350 jobs, $6 million in new state revenue and an estimated $4.4 in capital investment over the next seven years.
Cornerstone OnDemand M&A Activities
In November 2018, Grovo Learning Inc. will be purchased in a $24 million cash deal by Cornerstone OnDemand. Cornerstone's acquisition of Grovo will improve Cornerstone’s access to education on a global basis.
Cornerstone expects to further expand its education, learning and content subscription service. The transaction is expected to close by the end of 2018, subject to closing adjustments.
Cornerstone OnDemand Overview
Ownership: - CSOD : Nasdaq GS
Employees: 1892
Functional Market: Human Capital Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Professional Services, Retail, Transportation,
Cornerstone OnDemand Key Enterprise & Cloud Applications
Cornerstone Extended Enterprise Cloud, Cornerstone Learning Cloud, Cornerstone Performance Cloud, Cornerstone Recruiting Cloud
SCORES Analysis
Cornerstone OnDemand Strengths
For its latest quarter, Cornerstone OnDemand announced its biggest win in its history with the signing of the United States Postal Service, which will start running Cornerstone Recruiting, Learning, Performance and HR for its 600,000 employees over a 10-year period.
Though there is no guarantee that USPS will standardize its HR system of choice on Cornerstone over the next 10 years, the winning underscores the vendor’s growing statute in the Cloud HCM applications market.
Even without USPS, Cornerstone has already achieved ubiquity by making its Cloud-based talent management applications widely available across a wide spectrum of sales channels and end-user organizations. Its core solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud.
Some of its clients are being supported in a multi-tenant environment that covers anywhere between 150,000 and 350,000 users from a single instance of Cornerstone applications. The number of Cornerstone users has surpassed 38 million after reaching 3.3 million in 2009, 5 million in 2011 and 10.6 million in 2012 and 14 million in 2013.
In May 2016, Cornerstone launched a suite of people analytics products including Cornerstone View, an interactive data visualization application that gives business leaders deeper intelligence about their people, as well as Cornerstone Planning, an intuitive workforce planning application that helps organizations easily create, manage and execute accurate hiring plans over multiple time horizons.
The company also added two new dashboards to Cornerstone Insights, its predictive and prescriptive analytics solution that equips business leaders with the intelligence to better recruit, train, manage and develop their people. Cornerstone Engage and Cornerstone Benchmark are among its latest offerings.
Engage enables organizations to measure key employee engagement factors through pulse surveys to uncover real-time critical employee insights and make positive organizational change. Benchmark leverages Cornerstone's global workforce data to identify and compare key HR and talent metrics against internal teams and industry peers.
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- Key differentiators
- Domain Expertise
- Product portfolio
- Solution scope
Cornerstone OnDemand Revenues, $M:
| Type/Year | 2016 | 2017 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Cornerstone OnDemand Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Cornerstone OnDemand Enterprise Applications Revenues By Functional Markets, $M:
Cornerstone OnDemand Enterprise Applications Revenues By Verticals, $M:
Cornerstone OnDemand Revenues By Region, $M
| Region | % of Total Revenues | 2017 Total Revenues, $M | 2017 Enterprise Applications Revenues, $M | 2017 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Cornerstone OnDemand Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Cornerstone OnDemand Customers
No. of Customers: Subscribe
No. of Enterprise Applications Customers: Subscribe
No. of Cloud Customers: Subscribe
No. of Cloud Subscribers: Subscribe
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- Reference wins across regions
- Customer Size segments
- Customer wins momentum
Cornerstone OnDemand Opportunities
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- Market Opportunities at the vertical and subvertical levels
- Mergers and Acquisitions (M&A), Funding
- Geo Expansions
Cornerstone OnDemand Risks
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- Ability to handle internal and external risk and challenges
Cornerstone OnDemand Ecosystem
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- Health of ecosystem
- Network Effects of BPO, ISV, SI
- VAR Partners
- Direct vs Indirect sales
Cornerstone OnDemand Cloud Infrastructure Insights
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- Cloud Infrastructure (IaaS)
- Cloud Platform (PaaS)
- Cloud Application delivery (SaaS)
- Data Center (Hosting)
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/https://www.appsruntheworld.com/offerings
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