Cornerstone OnDemand Adds Former Eloqua CEO Joe Payne to Its Board of Directors

  Cornerstone OnDemand Adds Former Eloqua CEO Joe Payne to Its Board of
  Directors

Business Wire

SANTA MONICA, Calif. -- October 7, 2013

Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in cloud-based
talent management software solutions, today announced that Joe Payne, former
CEO of cloud-based marketing automation leader Eloqua, Inc., has been elected
to Cornerstone OnDemand’s board of directors effective as of September 30,
2013.

Joe Payne, former CEO of Eloqua, joins Cornerstone OnDemand's board of
directors. (Photo: Business W ...

Joe Payne, former CEO of Eloqua, joins Cornerstone OnDemand's board of
directors. (Photo: Business Wire)

Mr. Payne served as CEO and member of the board of directors of Eloqua from
January 2007 until the company’s acquisition by Oracle in February 2013. Mr.
Payne also served as the chairman of Eloqua’s board of directors from August
2011 until February 2013. Prior to his role at Eloqua, Mr. Payne served in
executive roles at Qualys, Inc., iDefense, eSecurity, eGrail and MicroStrategy
Incorporated. He holds an A.B. in Public Policy and an M.B.A. from Duke
University.

“In addition to being a marketing expert, Joe is a seasoned executive and
pioneer in building strong cloud companies. He is a rare executive that has
been able to lead a company from its early stage through IPO and subsequent
exit,” said Adam Miller, founder and CEO of Cornerstone OnDemand. “I’m excited
to welcome Joe to our board of directors and look forward to working closely
with him as we continue our growth and innovation at Cornerstone.”

“It is a privilege to join Cornerstone’s board of directors,” commented Payne.
“Cornerstone’s growth has been remarkable, and I believe the company is
well-positioned to separate itself from the competition and strengthen its
position as a leader in the talent management market.”

In connection with Mr. Payne’s election, Rob Ward, managing director and
co-founder of Meritech Capital, resigned from Cornerstone OnDemand’s board of
directors, effective as of September 30, 2013. Miller commented, “I want to
personally thank Rob for his support and insights in helping us build a
leading, global talent management company. We wish him continued success as an
extraordinary venture capitalist.”

About Cornerstone OnDemand

Cornerstone OnDemand is a leader in cloud-based applications for talent
management. The company’s solutions help organizations recruit, train, manage
and connect their employees, empowering their people and increasing workforce
productivity. Based in Santa Monica, California, the company’s solutions are
used by over 1,400 clients worldwide, spanning 12 million users across 190
countries and 41 languages. 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.

Cornerstone^® and Cornerstone OnDemand^® are registered trademarks of
Cornerstone OnDemand Inc.

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Contact:

Cornerstone OnDemand
Investor Relations Contact:
Carolyn Bass, +1 (415) 445-3232
ir@csod.com
or
Media Contact:
Elizabeth Flax, +1 (310) 752-1860
eflax@csod.com
 
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