CyberU Offers Enterprises the First Fully-Integrated, On-Demand Human Capital Management Suite to Bridge the Gap Between Organizational Development and Performance

Market Wire, November, 2004

CyberU, the leading provider of on-demand applications for human capital management (HCM), today announced the launch of the industry's first integrated, on-demand HCM suite that bridges the gap between employee development and performance. With CyberU's Cornerstone OnDemand suite, enterprises can now leverage the next generation of human capital software with fully-integrated Learning, Performance and Succession Planning components -- making Cornerstone the first HCM application to seamlessly link state-of-the-art performance management tools to a world-class learning management system. The integrated Cornerstone OnDemand HCM suite can be implemented all at once, or on an as-needed basis, minimizing the costs and risks associated with enterprise-wide human capital management.

"Enterprises are beginning to realize the key to capitalizing on their employee assets is through leveraging technology investments that provide an integrated approach to learning, performance management and succession planning," said Jim Holincheck, Research Director, Gartner. "These suites delivered in an on demand model can simplify this undertaking by providing a cost-effective solution that is capable of being rolled out in phases and with minimal IT resources."

By enabling an organization to identify the strengths and weaknesses of individual employees, then place those employees on personalized development plans, and identify career paths for the high-potential employees among them, Cornerstone OnDemand enables corporations to maximize their organizational capability.

"CyberU has always impressed us at Randstad with their dedication to innovation and the natural evolution of their Cornerstone OnDemand HCM solution," said Vince Eugenio, Chief Learning Officer, Randstad North America. "When looking for a fully-integrated solution that would outperform our previous LMS we realized that Cornerstone was the perfect fit. The newly added integration capabilities provide us with the ability to integrate our learning efforts with future performance management and succession planning initiatives. And because Cornerstone is modular, we are able to cost-effectively manage a controlled deployment to our global population."

The Cornerstone OnDemand learning management system provides robust e-learning, instructor-led training, virtual classroom, and knowledge management functionality, as well as immediate access to over 10,000 online training titles from the top e-learning providers. Cornerstone's employee performance management system offers industry-leading tools to enable corporate best practices such as cascading goal alignment, 360-degree competency assessments, and the automatic generation of individualized development plans for each employee. Cornerstone's succession planning system provides career profiling, team building, internal recruiting, and talent management capabilities to help corporations identify their high-potential employees, minimize retention risk, meet EEOC requirements, and maximize their organizational capabilities.

CyberU designed virtually all of Cornerstone OnDemand's 4,000 features in direct collaboration with Fortune 500 HR and training executives.

"Managing an employee's development based on his or her individual performance and competencies seems obvious, but before today, it has been virtually impossible at the enterprise level," said Adam Miller, President and CEO of CyberU. "The typical human resources department has been forced to operate in independent silos because of the limitation of the systems that were available, preventing organizations from leveraging the benefits of coordinated employee performance management and development. In addition there was no means of identifying high potential employees early on and placing them on accelerated development tracks. With Cornerstone OnDemand, those days are over."

About CyberU

CyberU is the leading provider of on-demand applications for human capital management. CyberU's products are the fastest, simplest way to address learning and employee performance requirements for global enterprises. The Company offers the world's most advanced on-demand human capital management application, Cornerstone OnDemand, which enables best practices for learning management, performance management, succession planning and analytics. CyberU helps industry leaders such as Aon, Honda, Pearson, Saab, Smith Barney and Washington Mutual to achieve organizational excellence. For more information please visit http://www.cyberu.com.

Press Contact: Claire Spina PerkettPR, Inc For CyberU P: 781-842-3381 E: cyberu@perkettpr.com