Cornerstone OnDemand Recognized on North America’s Fasting Growing Companies List

Cornerstone OnDemand, a leading provider of learning and talent management software , has recently announced that it has been placed on Deliotte’s 2011 Technology Fast 500 list as one of North America’s fastest growing companies. This year’s Technology Fast 500 award winners are recognized based on their percentage fiscal year revenue growth from 2006 to 2010. Cornerstone achieved the impressive ranking of No. 190 based on their 501 percent fiscal year revenue growth from 2006 to 2010.

“We’re honored to be recognized again by the Deloitte Technology Fast 500 as one of the fastest growing software companies in North America,” said Adam Miller, president and CEO of Cornerstone OnDemand. “Cornerstone’s strong momentum over the past five years is due in large part to our continued commitment to product innovation and the success of our clients, as well as our growing international ecosystem of direct and indirect sales channels. With more than 6 million global users, we now have one of the largest SaaS subscriber bases in the market.”

Conducted by Deloitte & Touche, the Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies. For the 14th consecutive year, software companies continue to dominate the Technology Fast 500. Companies in this vein are more highly represented in the ranking than any other single sector. Overall, the organizations featured this year achieved revenue growths ranging from 134 percent to 70,211 percent from 2006 to 2010.

In order to qualify for a position on the acclaimed list, organizations must: “own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.”