Cornerstone creates initiative to invest in, advise and collaborate with promising cloud startups

Cornerstone OnDemand (NASDAQ: CSOD) reported it has launched the Cornerstone Innovation Fund, a strategic initiative created to invest in, advise and collaborate with promising cloud startups building innovative business applications that support the continued expansion of Cornerstone´s market reach.

Through the fund, Cornerstone anticipates making a few strategic investments each year, with each individual investment ranging from USD 250 thousand to USD1m in size. All investments will be approved by Cornerstone´s board of directors and will be made alongside select leading venture capital firms.

Cornerstone OnDemand is a leader in cloud-based applications for talent management.. Based in Santa Monica, California, the company´s solutions are used by over 1,500 clients worldwide. For more information about Cornerstone, visit csod.com. Read Cornerstone´s blog at csod.com/blog. Follow Cornerstone on Twitter at twitter.com/Cornerstoneinc. Like Cornerstone on Facebook at facebook.com/CSODCommunity.

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