Cornerstone Signs on With Federal Government for $20 Million

Cornerstone OnDemand, a global provider of software-as-a-service learning and talent management solutions, has recently signed a five-year $20 Million Blanket Purchase Agreement with the U.S. Department of the Treasury. The government plans to implement Cornerstone’s talent solutions across multiple agencies to support its workforce management and leadership development needs.

“We are pleased to help bring talent management best practices to the federal sector. Talent management technology, and SaaS solutions in particular, can play a transformative role in helping federal agencies to streamline their talent processes,” said Adam Miller, president and CEO of Cornerstone OnDemand.  “The U.S. Treasury’s investment in our software and integration of key talent processes marks a real paradigm shift, particularly at a time when traditional HR strategies and legacy ERP solutions are no longer sufficient to empower people and drive results.”

Miller’s latter sentiments echo some of the most current trends in the HR sphere – that organizations of all sizes are shifting away from legacy HR and ERP systems and adopting integrated solutions from a single provider. Cornerstone will be providing the U.S. Treasury with platforms for learning management, performance management, succession planning and enterprise networking.

Through the blanket agreement, the federal government has authorized – but not guaranteed-  up to 20 million dollars for talent resources from Cornerstone. The U.S. treasury will initially use Cornerstone’s technologies to update their HR Connect Program Office, an organization designed to deploy and manage human capital technologies for the federal government. Other government agencies will ultimately adopt Cornerstone’s technologies over the next five-years.