SOURCE: Cornerstone OnDemand Inc.

May 19, 2005 12:38 ET

CyberU, Inc. Announces Name Change to Cornerstone OnDemand, Inc.

Success of the Cornerstone OnDemand Enterprise Suite for Human Capital Management Drives Name Change and Expansion of Executive Team

SANTA MONICA, CA -- (MARKET WIRE) -- May 19, 2005 -- CyberU, Inc., a leading provider of on-demand software for human capital management, today announced its corporate name change to Cornerstone OnDemand, Inc. In addition, the company has added several new appointments to its management team in the areas of sales, services, and marketing.

"The new name more accurately represents our leadership in the human capital management arena. The success of Cornerstone OnDemand has enabled us to accelerate our growth, and we wanted the company name to reflect our accomplishments in managing employee development and performance," said Adam Miller, President and CEO. "Because for each of our clients, the employees are the cornerstone of their business."

The company's expansion of its management team includes seasoned executives in the areas of sales, marketing, and service delivery. The company plans to accelerate its already rapid growth through an aggressive sales and marketing program led by the expanded team.

Cornerstone OnDemand has been recognized as a "market-wide outperformer" by Bersin & Associates for customer satisfaction and a "visionary" by Gartner in the human capital management space. The company's client base continues to grow with successful enterprise deployments in multiple vertical markets, including financial services, manufacturing, healthcare, automotive, business services, high technology, and non-profit.

About Cornerstone OnDemand, Inc.

Cornerstone OnDemand is the leading provider of on-demand enterprise software for developing, measuring and managing the corporate workforce. The Cornerstone OnDemand human capital management suite provides fully integrated solutions for learning management, employee performance management, and succession planning along with over 10,000 online training titles and integrated tools for compliance and analytics. Cornerstone OnDemand's software is used by industry leaders such as Aon, Honda, Pearson, Saab, Smith Barney and Washington Mutual to achieve organizational excellence. For more information, please visit www.cornerstoneondemand.com.

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