Santa Monica, CA, October 26, 2004 - CyberU, the leading provider of on-demand applications for human capital management (HCM), today announced that Randstad North America, a wholly owned subsidiary of Randstad Holding nv, a $5.9 billion provider of professional employment services and the fourth largest staffing organization in the world, has selected Cornerstone OnDemand as the foundation for its learning management solution. Randstad selected Cornerstone based on its broad content offering and fully integrated HCM modules, and plans to offer the Learning Module of Cornerstone to its client base. Cornerstone OnDemand provides seamless management of curriculum paths, developmental training and certification programs and also brings Randstad and its clients the ability to leverage intuitive performance metrics through the advanced analytics feature.
"Cornerstone will enable us to drive significant efficiencies in the management of our learning and development function and we are thrilled to be able to offer this to our customers as well," said Vince Eugenio, PhD, Chief Learning Officer, Randstad North America. "A highly-configurable, cost-effective, enterprise-class solution, Cornerstone OnDemand provides the necessary platform for creating a meaningful, integrated e-Learning solution at Randstad and throughout our existing client base."
Cornerstone OnDemand Learning Management module provides users with the flexibility of choosing, customizing, implementing and managing curriculum paths, developmental planning and employee certifications, with vastly reduced resources. Cornerstone's ability to capture key metrics through its advanced analytics and seamless reporting functions also enables companies to drill down into their HCM solution to gain a clear perspective of training programs purchased, individual performance levels and educated talent within the organization.
"Randstad wanted access to multiple content providers, a pay-per-use model and the seamless integration of a scalable, robust and flexible application," said Adam Miller, President and CEO of CyberU. "Cornerstone OnDemand not only met these requirements, but exceeded them with a solution that goes beyond learning management to offer performance and talent options and is capable of evolving alongside a client's changing needs."
Cornerstone OnDemand offers users a holistic approach to human capital management by incorporating not only the training and management of employee performance, but also providing a unique approach to employee development and performance measurement. With Cornerstone's fully integrated HCM suite, companies can direct and measure performance, determine strengths and weaknesses, more intelligently align the organization, and generate dynamic development reports using its feature-rich tools. In addition to offering integrated Learning and Performance modules, Cornerstone's Succession Planning module offers an easy way for management to identify project teams and future company leaders. Cornerstone's one-click analytic tools also help to create highly customized reports to measure the return-on-investment for every Cornerstone OnDemand module implemented. This feature provides a way for enterprise organizations to access the real-time information needed to make important decisions on training and employee development initiatives.
About Randstad North America
Headquartered in Atlanta, Ga., Randstad North America is a wholly owned subsidiary of Randstad Holding nv, a $5.9 billion provider of professional employment services and the fourth largest staffing organization in the world, with 2,269 offices in 17 countries across Europe and North America. In 2003, Randstad's 12,280 worldwide employment experts put 206,000 people to work around the world each day. During the same period, Randstad North America's 2,230 staffing professionals put 193,273 individuals to work in the U.S. and Canada and provided employment services, outsourcing and counsel to 12,000 U.S. and Canadian employers through 463 branches and client-dedicated locations across the U.S. and Canada. In keeping with its focus on attracting and retaining the best talent, Randstad offers short- and long-term assignments, contract engagements and direct hire opportunities in five core practice areas - Office Talent, Industrial Talent, Creative Talent, Technical Services and Professional Resources. Randstad also offers eligible external talent skills assessments, career counseling, training, health and dental insurance coverage, paid vacation and generous employer contributions to a 401(k) plan. More information is available at the company's Web site, www.us.randstad.com. Investment information is available at www.randstadholding.com
About Cornerstone OnDemand, Inc.
Cornerstone OnDemand is the only proven provider of on-demand enterprise software solutions for talent management. The Cornerstone OnDemand talent management suite provides fully-integrated solutions for learning management, employee performance management, and succession planning along with over 30,000 online training titles and integrated tools for compliance and analytics. Cornerstone OnDemand's software is used by industry leaders such as Aon, Honda, Pearson, Pitney Bowes, Smith Barney and Washington Mutual to achieve organizational excellence.
For more information, please visit www.cornerstoneondemand.com.
Cornerstone OnDemand, Inc.