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Cornerstone OnDemand Files Registration Statement for Proposed Follow-On Offering

SANTA MONICA, Calif. July 20, 2011 – Learning and talent management software provider Cornerstone OnDemand Inc. (NASDAQ: CSOD) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed follow-on public offering of up to 8,500,000 shares of its common stock plus up to an additional 1,275,000 shares that may be sold in connection with the potential exercise of the underwriters’ option to purchase additional shares.

Goldman, Sachs & Co. and Barclays Capital Inc. are acting as the joint book-running managers for the offering. Pacific Crest Securities LLC, William Blair & Company L.L.C., Piper Jaffray & Co., JMP Securities LLC and Needham & Company LLC are acting as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

This offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com; or from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: 1-888-603-5847 or by emailing barclaysprospectus@broadridge.com.

Cornerstone

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.

Investor Relations Contact

Jason Gold

jgold@csod.com

+1 (310) 526-2531

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