Cornerstone OnDemand Joins $100M+ Club

Santa Monica-based Cornerstone OnDemand has joined the club of local high tech companies to cross the $100M in annual revenues mark, after reporting Tuesday that it had full year revenues of $117.9M, up 56 percent year to year. The publicly traded company, which provides talent and learning management software to corporations, disclosed the numbers as part of its fourth quarter and fiscal year 2012 results. Cornerstone OnDemand says it now has over 1,2000 clients and 10.5 million users using its software. The company is led by Adam Miller, and has been one of the area's fastest growing companies, having had its IPO back in March of 2011.