(NASDAQ: CSOD), a global leader in cloud-based
talent management software
solutions, today announced it ranked no. 156 among
Deloitte’s 2012 Technology Fast 500
™, a list of the fastest growing technology companies in North America. Cornerstone was recognized for the company’s 588 percent fiscal year revenue growth from 2007 to 2011.
“We’re extremely pleased to be ranked again among the fastest growing technology companies in North America by the Deloitte Fast 500,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “We have seen tremendous momentum across all areas of our business, thanks in large part to continued product innovation, global expansion and significant growth of our client base. Our unrelenting focus on the success of our clients and our exceptional client retention rate has helped us to grow to over 10 million users, representing one of the largest SaaS subscriber bases in the world.”
The 18th annual Deloitte Technology Fast 500 list includes technology, media, telecommunications, life sciences and clean technology companies. Companies highlighted on this year’s list achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
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About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies 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.