Cornerstone OnDemand Launches Incubator and Innovation Fund
Strategic initiative created to invest in, advise and collaborate with promising cloud startups that support Cornerstone’s market expansion
SANTA MONICA, Calif., November 14, 2013 – Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced the launch of the Cornerstone Innovation Fund, a strategic initiative created to invest in, advise and collaborate with promising cloud startups building innovative business applications that support the continued expansion of Cornerstone’s market reach.
Cornerstone’s vision is to foster the development of a comprehensive ecosystem of cutting-edge solutions for organizations seeking to differentiate and continuously evolve their talent management strategies. In addition, the fund gives Cornerstone an opportunity to support the burgeoning Los Angeles technology community, as well as other technology communities throughout the world.
Through the fund, Cornerstone anticipates making a few strategic investments each year, with each individual investment ranging from $250 thousand to $1 million in size. All investments will be approved by Cornerstone’s board of directors and will be made alongside select leading venture capital firms.
Cornerstone will also allow young companies to apply for use of a dedicated creative work space within its Santa Monica, Calif. headquarters, giving them direct access to the experience and expertise of the Cornerstone OnDemand team. In addition to supporting external ventures, Cornerstone also plans to use this space to rotate small, cross-functional teams of its own employees to create new applications or feature sets built on the Cornerstone platform, as well as cultivate new company initiatives as it did with its Cornerstone for Salesforce application.
Comments on the News
· “The Cornerstone Innovation Fund is an important strategic initiative to help further our leadership position in the talent management software space,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “Our approach with the fund is to foster the development of great ideas and companies, even at the earliest of stages. The fund is also a way to keep our entrepreneurial spirit alive and well at Cornerstone, even as we continue to grow and expand our business globally.”
Startups interested in being considered for the Cornerstone Innovation Fund should visit www.csod.com/about-us/innovationfund for more information.
To learn more about the Cornerstone Innovation Fund, search Twitter for #CSODfund.
Cornerstone è la principale società di tecnologia per lo sviluppo del capitale umano. Riteniamo che le persone possano raggiungere qualsiasi obiettivo con le giuste opportunità di sviluppo e di crescita. Offriamo alle imprese la tecnologia, i contenuti, il know-how e la consulenza specialistica per aiutarle a realizzare il potenziale delle proprie persone.
Le soluzioni di people development di Cornerstone comprendono soluzioni complete per il recruiting, formazione personalizzata, contenuti formativi fruibili nel work-flow, gestione delle performance orientata alla crescita e gestione olistica dei dati della forza lavoro e sono utilizzate con successo da oltre 3.640 aziende di ogni dimensione, per un totale di oltre 40 milioni di utenti in 187 paesi e 43 lingue.