Sramana Mitra: Everything is said in terms of the vision for talent management. That has been the vision for talent management all along. This is not new. Maybe this vision has not penetrated widely into enterprises and into business right now. That penetration is a factor of channels and technology adoption across the board over
Sramana Mitra: That’s not entirely fair. These are not ERP solutions; they are best-of-breed solutions as well. Adam Miller: Well, they used to be. SM: They’re not ERP solutions. They’re best-of-breed talent management solutions.
SM: OK. What was the evolution of those situations? AM: Typically in these private equity rollups of software companies, they’re not all that effective. The top talent will leave right away. Those two companies still exist [but] neither is competitive in the marketplace today. SM: OK. All right. Those are on the private equity side,
Cornerstone OnDemand is a company that provides cloud-based talent management software solutions to nearly eight million people in 179 countries. The company boasts such heavy-hitting clients as Starwood Hotels and Resorts, Turner Broadcasting System, Virgin Media, and Save the Children, among others. Based in Santa Monica, California, Cornerstone has office locations in Latin America, Europe, Asia,
SM: I heard you say a few things that I’d like probe into. Transcription, automatic transcription, is that a requirement that your customers are asking for? DG: No, it’s not a requirement. Henry Ford said that what he would have given his customers if they’d asked for it would have been a faster horse. SM:
SM: I’ll defer to you on this. This whole game is going to come under tremendous margin pressure. Everybody innovates. Everybody will continue to innovate. There will be new players that will apply more pricing pressure, but anytime it becomes a major telecom game, including cloud storage, these are all pricing games, and they’re going
SM: I understand the motivation. I’m asking more for a state of the union in that market. Since you’re an insider in that marketplace, it sounds like one of your strategies is to sell through these telecom providers. DG: Yes. It’s not our only strategy, but we believe it’s a great opportunity for the reasons
SM: Point taken. But the products in the market also have very large user bases. DG: Sure. So, did other wireless phones that you know about before the iPhone came out, before the Droid came out with their OSes that changed the way you interact with phones. But there were other phones like Samsung and