Cornerstone OnDemand Strengths, Domain Expertise, and Key Differentiators
Cornerstone empowers forward-looking workplaces with a state-of-the-art talent experience platform engineered to integrate technology, data, and content, fostering an environment of growth, adaptability, and achievement for all stakeholders. Through an AI-driven, skills-centric, immersive platform, anchored on an open architecture built for scalability and impartiality, it enables organizations to modernize their learning and development landscape, curate the most pertinent content from diverse sources, expedite talent and career progression, and establish skills as the universal currency for advancement and success across their enterprise.
In October 2022, Cornerstone expanded its content offerings by integrating leading-edge technologies aimed at bridging the gap between content creators and learners, as well as content and skill enhancement. Through newly introduced AI-driven solutions for content discovery, curation, and integration, Cornerstone is enhancing the effectiveness of content in fostering individual growth and aiding organizations in cultivating future skills and driving business evolution. Among the additions to Cornerstone's extended content portfolio are Content Studio and Cornerstone Content Anytime, Anywhere.
Cornerstone OnDemand Recent Developments
In October 2022, Cornerstone unveiled its latest innovation, the Talent Experience Platform (TXP), crafted to empower talent leaders in harnessing the full potential of their workforce seamlessly. The Cornerstone TXP integrates the company's comprehensive suite of growth-oriented learning and talent solutions with human-centric experiences, robust talent insights, and a flexible, open architecture. Through the solutions within the Cornerstone TXP, talent leaders can curate engaging growth pathways for their teams, enhancing alignment and inspiration, while also enhancing organizational agility and decision-making capabilities.
In November 2021, Cornerstone OnDemand unveiled its latest innovation, Cornerstone Xplor. Cornerstone Xplor is a holistic people growth experience that delivers a fully integrated and hyper-personalized journey of learning, skill development, growth, and career mobility for every person. Powered by Cornerstone’s deep learning and talent capabilities, its innovative Cornerstone Skills Graph, fresh and auto-curated content delivery, and self-learning AI, the Cornerstone Xplor experience enables modern talent leaders to meet their people where they are with a highly individualized and fully connected growth experience, at scale.
Cornerstone OnDemand Mergers and acquisitions (M&A) Activities
In June 2022, Cornerstone OnDemand finalized a definitive agreement with Skillsoft to acquire SumTotal, a renowned provider of learning and human capital management software-as-a-service tailored for clients in highly regulated and intricate industries. With the integration of SumTotal into its portfolio, Cornerstone is poised to assist a larger and more diverse clientele in revolutionizing their approach to skill identification and development, employee engagement and growth, and talent and business adaptability. The amalgamated entity will offer an enhanced and distinct portfolio of solutions for learning, talent management, and workforce development, boasting expanded vertical expertise, augmented financial capabilities, and a unified vision for the future of work.
This announcement closely followed Cornerstone's acquisition of EdCast in April 2022, a strategic move bolstering the company’s efforts to establish an open platform conducive to fostering individual development, advancement, and career mobility.
In October 2021, PE firm Clearlake Capital Group acquired Cornerstone OnDemand for $5.2 billion. Clearlake has also invested in other software companies including Constant Contact, Brightly (formerly Dude Solutions), Ivanti, and Zywave.
The purchase followed the CSOD's acquisition of Saba in February 2020 as the two joined forces in the HCM applications market. Owned by Vector Capital, Saba has over 20 years of industry experience developing, delivering, and supporting learning, performance, and recruiting product solutions. The cash and stock transaction is valued at approximately $1.395 billion.
Cornerstone OnDemand Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Cornerstone OnDemand applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Cornerstone OnDemand and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Cornerstone Learning Cloud, Cornerstone Performance Cloud, Cornerstone Recruiting Cloud customers.
Cornerstone OnDemand Overview
Ownership: - Clearlake Capital Group
Number of Employees: 3300
Functional Market: Workforce Analytics, Core HR, Compliance, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Cornerstone OnDemand Key Cloud and HCM Applications
Cornerstone Learning Cloud, Cornerstone Performance Cloud, Cornerstone Recruiting Cloud
Cornerstone OnDemand HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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:
Cornerstone OnDemand HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Cornerstone OnDemand HCM Applications Revenues By Verticals, $M:
Cornerstone OnDemand Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Cornerstone OnDemand Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
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| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Cornerstone OnDemand Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Cornerstone OnDemand Customers
No. of Cornerstone OnDemand Customers: 7000
No. of Cornerstone OnDemand HCM Applications Customers: 7000
No. of Cornerstone OnDemand Cloud HCM Customers: 7000
No. of Cornerstone OnDemand Cloud HCM Subscribers: 125 million
Cornerstone boasts a vast clientele exceeding 7,000 organizations and serving over 125 million users, spanning 180 countries and offering its services in 50 languages.
Among its notable clients are prominent entities such as IKEA, USG Corp, Dresser-Rand, the Wisconsin Department of Transportation, the California Franchise Tax Board, the Maryland State Highway Administration, Bucknell University, Ohio Health Sciences, the Los Angeles Unified School District, Roche in Switzerland, BBVA in Spain, Bohler IT in Sweden, and Philips Electronics in the Netherlands.
In the Asian market, Cornerstone has secured significant victories including partnerships with Nissan in Japan, BESTSELLER in China, Commonwealth Bank in Australia, and Tata in India.
Cornerstone OnDemand Market Opportunities, M&A and Geo Expansions
With the strategic acquisitions of EdCast and SumTotal in 2022, Cornerstone has significantly bolstered its presence in India. This expansion aligns with Cornerstone's overarching mission to empower organizations to drive substantial growth and success by leveraging its comprehensive suite of learning and talent software-as-a-service (SaaS) platforms. These platforms are designed to facilitate greater development opportunities for individuals and foster a culture of excellence within organizations.
The integration of Cornerstone, EdCast, and SumTotal reflects the company's unwavering commitment to providing its vast global clientele, comprising over 7,000 organizations and exceeding 125 million users, with cutting-edge learning and talent solutions enriched by artificial intelligence (AI) and machine learning (ML) capabilities. By harnessing these advanced technologies, organizations can enhance their learning and talent management initiatives, enabling continuous growth and skill development among their workforce while promoting engagement and productivity.
Following its decision to go private, Cornerstone wasted no time to double down on its core strength in learning. The November 2021 release of Xplor by Cornerstone to drive learning innovation is based on a skills-forward, AI-powered, extensible learning, coaching, career exploration and talent mobility experience that unites people and business in shared success. It covers End-to-End Skills Alignment, personalized learning and skills paths, as well as a talent marketplace that aims to match and connect specific skills to potential new career paths and an auto-matched marketplace of mentors, jobs, gigs and projects.
That was followed by the launch of a content strategy covering both new content and curated content for a new generation of learners. Cornerstone is kicking off new learning series called A Seat at the Table and the hiring of content creators like Dave Grant, an Emmy-award producer, along with partnerships with Skill Pill and Sponge Compliance to support business performance skill-building.
Since Cornerstone has long been identified as the catalyst that has redefined the Learning Management System Marketplace with an easy and intuitive product as well as rich content, the increased investments will help solidify its position further.
Cornerstone OnDemand Risks and Challenges
The future success of Cornerstone hinges on its capacity to adapt and innovate. To attract fresh clientele and bolster revenue streams from existing patrons, the company must refine its current product offerings while introducing novel features. The effectiveness of any enhancement or addition relies on various factors, including timely development, deployment, and market reception. Failure to enhance existing products to align with customer requirements or to successfully introduce and integrate new features or products could adversely impact Cornerstone's business and operational performance.
Cornerstone OnDemand Ecosystem, Partners, Resellers and SI
In February 2021, Cornerstone OnDemand announced its designation as one of the inaugural Learning Management Software partners for Microsoft Viva, Microsoft’s latest Employee Experience Platform (EXP). As a key component of this platform, Cornerstone Learning and Saba Cloud will seamlessly integrate into the new Microsoft Viva Learning app.
Cornerstone sells its software, content, and services both directly through its sales force and indirectly through its domestic and international network of distributors. Cornerstone currently serves customers in a wide range of industries, including, among others business services, financial services, healthcare, pharmaceuticals, insurance, manufacturing, retail, and high technology. Cornerstone has many direct sales teams organized by market segment, industry vertical, and geographic regions such as the Americas, EMEA, and APJ.
Its network of resellers comprises prominent organizations such as Affiliated Computer Services, Inc., Appirio, Inc., ADP, Xerox, and Ellucian, alongside regional distributors like BSI Tecnologia in Brazil, CDP Group, Limited in China, and Comms Learning Limited in the United Kingdom. Other notable partners include Grupo Datamace in Brazil, Infosys Limited in India, and Logica plc in Europe. The list extends to Neoris de Mexico, S.A.de C.V. in Mexico, Neospheres SAS in France, and QA Limited in the United Kingdom, among others, covering a diverse range of regions and markets.Neospheres SAS in France, QA Limited in the United Kingdom, Sage Software, Inc in North America, Xpert Learning in the United Arab Emirates, T2 Optimise PTY Ltd in the Asia Pacific, Talentech Ltd in Israel, and Xchanging HR Services Limited in the United Kingdom, e-communications, Talent2, GreenBullet, XpertLearning, LEARNWAY, Worldwide Trainings, Bluewater Learning, Ceridian, Intelladon and others.
Cornerstone OnDemand Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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/taxonomy
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