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The Oracle Redwood Shores Headquarters, California, United States. Photo courtesy of Oracle

Redwood Shores, CA, USA – February 9, 2012

Oracle today announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ:TLEO), a leading provider of cloud-based talent management for $46.00 per share or approximately $1.9 billion, net of Taleo’s cash and debt.

CDW Optimized the Supply and Demand of Talent around their Business Goals

CDW and their Talent Intelligence story was a finalist for the annual innovation awards, announced at Taleo World in Chicago.
CDW is based in Chicago, and Taleo is based in Dublin, CA, and is the leading developer of software for Human Resources with products for recruiting, compensation, performance, compensation, succession-planning, analytics, and now e-learning with the acquisition of Learn.com.
Courtesy of Taleo / YouTube

Taleo’s Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.

Together, Oracle and Taleo expect to create a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers.

CDW Optimized the Supply and Demand of Talent around their Business Goals
CDW and their Talent Intelligence story was a finalist for the annual innovation awards, announced at Taleo World in Chicago.
Courtesy of Taleo / YouTube

The combination is expected to empower employees and managers to effectively manage careers throughout their entire employment, enable organizations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members via social media.

Oracle Adds Taleo’s Talent Management Cloud to the Oracle Public Cloud.
Courtesy of Oracle

The Board of Directors of Taleo has unanimously approved the transaction.

The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions.


Taleo’s Talent Management Cloud Delivers Unified Talent Management Courtesy of Oracle

“Human capital management has become a strategic initiative for organizations,” said Thomas Kurian, Executive Vice President, Oracle Development.
“Taleo’s industry leading talent management cloud is an important addition to the Oracle Public Cloud.”


Thomas Kurian, Executive Vice President, Oracle Development. Courtesy of Oracle

“Taleo’s integrated cloud-based talent management solutions optimize how organizations hire, manage, develop and reward their employees and gives companies the intelligence needed to capitalize on their most critical asset – their people,” said Michael Gregoire, Chairman and CEO, Taleo.
“Joining forces with Oracle gives us the opportunity to better serve our customers.”


Oracle and Taleo Creates Comprehensive Cloud Offering to Manage HR Operations and Employee Careers Courtesy of Oracle

More information on this announcement can be found at
http://www.oracle.com/taleo

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center.

For more information about Oracle (NASDAQ:ORCL),
visit www.oracle.com

About Taleo

Taleo (NASDAQ: TLEO) helps organizations improve the performance of their business by unlocking the power of their people.

• Taleo is a leading provider of cloud-based talent management software that helps organizations attract, develop, motivate and retain human capital to improve business performance and drive growth

• Headquartered in Dublin, CA, USA, with over 1,400 employees worldwide

• Over 5,000 enterprises of all sizes rely on Taleo across many industries

• Taleo’s cloud manages 15% of all US hires and is one of the world’s largest cloud deployments with nearly 16 billion transactions per year


Courtesy of Taleo

Combination creates a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers

• Empowers employees and managers to effectively manage careers throughout their entire employment – including planning and budgeting, recruiting and on boarding, administration of benefits and payroll, and career development and transition

• Enables organizations to retain talent and optimize costs, establish and align employee goals, streamline hiring processes, and accelerate leadership development

• Improves employee experience through faster on boarding and better collaboration with team members via social media.


Courtesy of Taleo

For more information about Taleo Corporation (NASDAQ:TLEO),
visit www.taleo.com

Oracle and Taleo

Complementary Talent Management and Human Capital Management Solutions

Taleo brings complementary solutions to the Oracle Public Cloud:

• Taleo brings leading Talent Management solutions to the Oracle Public Cloud

• Oracle offers best-in-class Cloud services: Fusion Human Capital Management, Fusion ERP, Fusion Sales and Marketing, Oracle RightNow Service, Oracle Social Network, Database Service, Java Service, Data Service and Security Service

• Oracle’s BI and Middleware can offer value to Taleo’s customers

• Oracle’s and Taleo’s solutions together enable enterprises to establish best practices across all Human Capital activities, accelerate adoption, and quickly create value.

Taleo is a leading provider of cloud- based talent management solutions:

• 15% of all US hires flow through Taleo, processing up to 74 million transactions per day

• Nearly half of the top 30 career sites in the world are powered by Taleo

• 240 million candidates are on Taleo Talent Exchange, a marketplace for sourcing candidates

• Experienced team with specialized skills for developing, selling, servicing, operating and supporting talent management cloud solutions.


Courtesy of Taleo

Contact Info

Carol Sato
Oracle Corporate Communications
+1.650.633.5551
carol.sato@oracle.com

Ken Bond
Oracle Investor Relations
+1.650.607.0349
ken.bond@oracle.com

SOURCE: ORACLE

http://www.oracle.com/us/corporate/press/index.html

Michael Gregoire

Chairman and Chief Executive Officer, Taleo Corporation


Michael Gregoire, Chairman and CEO, Taleo. Courtesy of Taleo

Prior to joining Taleo, Michael Gregoire served as executive vice president of Global Services for PeopleSoft, an enterprise software company in nearby Pleasanton.

Gregoire has also served as executive director of the EDS New York Information Solutions Organization, based in New York City.

The Information Solutions Organization business was a $500M+ in annual revenue unit focused on aligning technology and operations with business strategy.

Gregoire has a Master's degree from California Coast University and holds a Bachelor of Science degree from Wilfrid Laurier University in Ontario, Canada.

He has been named one of Consulting Magazine's "Top 25 Most Influential Consultants."

SOURCE: Taleo Corporation

http://www.taleo.com/company/leadership-team

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Taleo’s Customers Include Leaders Across Industries Customer Information and Logos Provided by Taleo Courtesy of Oracle

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