About Cornerstone
Cornerstone is a Technology company based in Dublin (United States) founded in 1997 by Patrick R Bischoff, and was acquired by BestAtDigital in October 2020. Human capital management software and services are offered by Saba. It operates on a SaaS (Software-as-a-Service) and Subscription Services model. The company has 199 employees. Cornerstone has completed 3 acquisitions, including Centra eCommerce, Halogen Software and Lumesse. Its Indian entity Saba Software India Private Limited reported revenue of ₹103 Cr. Cornerstone offers products and services including Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform. Its focus areas include Software and Human Capital Management. Its competitors include Workday, Kronos and SuccessFactors; 3 of its 3 listed competitors have raised funding.
Company details
Cornerstone is engaged in delivering AI-driven human capital management solutions through its Galaxy platform. The company focuses on workforce agility by offering tools for learning, talent development, and skills intelligence. Solutions are tailored for various industries including public sector, healthcare, financial services, and higher education. Products like Cornerstone Learn, Elevate, and Transform are designed to close compliance gaps, foster career mobility, and provide visibility into workforce skills. Services are extended to small and mid-sized businesses as well as large enterprises, ensuring adaptability and growth across diverse work environments.
- Headquarters Dublin, United States
- Employees 199
- Founders Patrick R Bischoff
- Stage Acquired
- SectorsTechnology
- Phone•••• ••••
- Website saba.com
- Social LinkedIn X Facebook Instagram
- Acquired by BestAtDigital (Oct 2020)
- Legal Name Cornerstone Ondemand
- Date of Incorporation 21 Jan, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹103 Cr
FY 2024 · +4% YoY
- Indian entity net profit₹10.46 Cr
FY 2024 · 10% margin
- Indian entity EBITDA₹16.67 Cr
FY 2024 · 16% margin
- Latest Funding Round$8.78M (USD), Post-IPO
Aug 2004
- InvestorsCornerstone
& 3 more
- Employee Count199
- Investments & AcquisitionsCentra eCommerce
& 2 more
- Acquired by
Associated legal entities of Cornerstone
Cornerstone operates through Saba Software India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Saba Software India Private Limited CIN U72200MH1999PTC117948 | Amalgamated | 21 Jan 1999 | Mumbai, Maharashtra | ₹103 Cr | 199 | 3 | View details |
Products & Services of Cornerstone
Cornerstone offers a comprehensive portfolio of products and services, including Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform.
AI-powered platform for workforce agility and skills development.
Learning solution to upskill people and close gaps.
Tool to foster career mobility and employee growth.
Platform to gain visibility into workforce skills needs.
Apps and channels of Cornerstone
Cornerstone publishes 1 mobile app with over 10K+ downloads.
Funding Insights of Cornerstone
- Total Rounds 3
- Last Round Post-IPO — $8.78M
- First Round $9.25M
(Oct 2002)
- Investors Count 1
All 3 funding rounds of Cornerstone with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2004 | $8.78M | Post-IPO | – | – | – |
| Oct 2002 | $7M | Debt – Conventional | – | – | – |
| Oct 2002 | $9.25M | Post-IPO | – | – |
4 investors in total: 4 institutional.
Investors in Cornerstone
Cornerstone has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cornerstone, Vector Capital and BestAtDigital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Investments in technology companies are facilitated through private equity. | 1997 | vectorcapital.com | San Francisco, United States | |
Cloud-based HRMS platform powered by AI for workforce management. | 1999 | cornerstoneondemand.com | Santa Monica, United States | |
Digital learning and communication services are provided globally. | 2020 | bestatdigital.com | Brighton, United Kingdom |
Investor details for Cornerstone
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Saba Software India Private Limited (Cornerstone)
Saba Software India Private Limited is the primary company behind Cornerstone. The board of Saba Software India Private Limited currently have 3 directors; the longest-serving is Mahesh Raghunath Shetye, appointed in 2015. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahesh Raghunath Shetye DIN 07275836 | Director | 28 Aug 2015 | 11 yrs 2 mo | Saba Software India Private Limited |
| Kiran Arun Bhorkar DIN 08490310 | Director | 24 Jun 2019 | 7 yrs 4 mo | Saba Software India Private Limited |
| Edward Lewis Kaufman DIN 10100737 | Director | 10 Apr 2023 | 3 yrs 7 mo | Saba Software India Private Limited |
People of Cornerstone
43 people are tracked at Cornerstone (7 in leadership, 36 in team); the tracked headcount is 199.
| Name | Role | Group |
|---|---|---|
Patrick R Bischoff | Co-Founder | Leadership |
Sridhar Vuruputoor | Vice President Engineering Services | Leadership |
Carole Bower | Head Of Learning | Leadership |
Manoj Panicker | Senior Director Of Product Management | Leadership |
Hooshang Hesari | Vice President, Engineering | Leadership |
Hiep Nguyen | Director Services Sales | Leadership |
Terry Dyckman | Chief Human Capital Officer | Leadership |
Judy G. Sullivan | Saba Cloud Professional Learning Administrator | Team |
Umesh Bahalkar | Principal QA Engineer | Team |
Vishwajit Jogalekar | Jr. Engineer QE | Team |
Ravindra Babburi | Sr. Software Engineer | Team |
Tony Currie | Senior Account Executive | Team |
Eric Ashton | Senior Operations Engineer | Team |
Anjani Kumar | Team Lead | Team |
Siddhesh Sawant | Lead Software Engineer | Team |
Dave Delage | Senior Manager, Digital Marketing | Team |
Emma Williams | SEO Manager | Team |
Fumio Ishizaka | Quality Engineering Manager | Team |
David Noyes | Sr Release Engineer | Team |
Chandra Rao | Accounts Manager | Team |
23 more people are available in the full profile.
Complete people profiles for Cornerstone
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cornerstone
Figures of Saba Software India Private Limited, the primary company behind Cornerstone, for FY 2024. Revenue was ₹103 Cr (+4% year on year). Net profit was ₹10.46 Cr (10% margin). EBITDA was ₹16.67 Cr (16% margin). Revenue has grown at a compounded annual rate of +9% over three years and +8% over five years.
- ₹103 CrRevenue · FY 2024 · +4% YoY
- ₹10.46 CrNet profit · 10% margin
- ₹16.67 CrEBITDA · 16% margin
- ₹8.7 LakhPaid-up capital
- 199Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Saba Software India Private Limited are on its company page.
Detailed financial statements for Cornerstone
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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Investments & Acquisitions by Cornerstone
Cornerstone has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Centra eCommerce, Halogen Software and Lumesse.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Talent management solutions are provided for the full employment lifecycle. | lumesse.com | Bedford, United Kingdom | 1999 | Oct 2018 | •••• | |
Performance and talent management solutions are automated via web-based tools. | halogensoftware.com | Ottawa, Canada | 2001 | Feb 2017 | $293M | |
E-commerce software is provided for B2B and B2C merchants. | centra.com | Stockholm, Sweden | 1903 | Oct 2005 | $60M |
Complete acquisition details for Cornerstone
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Cornerstone
10 dated milestones of Cornerstone across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Cornerstone is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $9.2M.
- Funding Latest funding round, Post-IPO, of $8.8M.
- Acquisition Acquires Centra eCommerce.
- Exit Acquired by Vector Capital.
- Acquisition Acquires Halogen Software.
- Acquisition Acquires Lumesse.
- Exit Acquired by Cornerstone.
- Exit Acquired by BestAtDigital.
Competitors of Cornerstone
Cornerstone has 3 listed competitors in our database, 3 of them funded. They include Workday, Kronos and SuccessFactors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| workday.com | 2005 | Pleasanton, United States | $352.3M | 11,805 | Cloud-based HR and financial software is delivered to enterprises. | |
| kronos.com | 1977 | Lowell, United States | $855M | 86 | HCM software solutions for enterprise workforce management are provided. | |
| successfactors.com | 2001 | San Francisco, United States | $79.84M | 18,910 | Cloud-based human capital management software is delivered globally. |
Detailed competitors of Cornerstone
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cornerstone
The website of Cornerstone (saba.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 39.8% vs previous month
Websites whose visitors overlap most with Cornerstone. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sabaforlife.com | sabaforlife.com | 100% | #10,408,419 | – | |
| bersin.com | 90% | View details | |||
| 100unicorns.in | 85% | 11.4K | #1,717,325 | View details | |
| intelligencenode.com | 83% | 18.2K | #1,341,949 | View details | |
| webxpress.in | 52% | 3.4K | #5,022,183 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Cornerstone
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- 25 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Cornerstone (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Cornerstone
Complete news archive for Cornerstone
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Frequently Asked Questions about Cornerstone
Cornerstone was founded in 1997 and raised its 1st funding round 5 years after it was founded.
Cornerstone is headquartered in Dublin, United States.
Cornerstone has 199 employees.
The primary company behind Cornerstone, Saba Software India Private Limited, reported revenue of ₹103 Cr for FY 2024, up 4% year on year.
Cornerstone is engaged in delivering AI-driven human capital management solutions through its Galaxy platform. The company focuses on workforce agility by offering tools for learning, talent development, and skills intelligence. Solutions are tailored for various industries including public sector, healthcare, financial services, and higher education. Products like Cornerstone Learn, Elevate, and Transform are designed to close compliance gaps, foster career mobility, and provide visibility into workforce skills. Services are extended to small and mid-sized businesses as well as large enterprises, ensuring adaptability and growth across diverse work environments.
Cornerstone's top competitors include Workday, SuccessFactors and Kronos.
Cornerstone offers Cornerstone Galaxy, Cornerstone Learn, Cornerstone Elevate, and Cornerstone Transform.
Cornerstone has made 3 acquisitions, including Centra eCommerce, Halogen Software, and Lumesse.
Cornerstone has 4 investors. Key investors include Cornerstone, Vector Capital, BestAtDigital, and Sequoia Capital.
Cornerstone operates through Saba Software India Private Limited.
Yes. Cornerstone was acquired by BestAtDigital in October 2020.
The legal entities of Cornerstone currently have 3 directors, including Mahesh Raghunath Shetye, Kiran Arun Bhorkar, Edward Lewis Kaufman.