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Taleo Corporation: Taleo Named Top eRecruiting Technology

^{Published on 2008-12-30 12:21:22, Last Modified on 2008-12-30 12:22:21 - Market Wire}
 

DUBLIN, CA--(Marketwire - December 30, 2008) - Taleo (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced its strong showing in IDC's Worldwide HCM Applications 2007 Vendor Shares(1) report, which compared 25 vendors considered to be leaders or major contenders across multiple talent management segments of a Human Capital Management Suite including: eRecruiting, Learning, Compensation, Performance, Succession, Competency Management, Assessment, and Career Planning.

The report confirmed Taleo as the number one eRecruiting vendor in the market and cited Taleo for its vision and execution in providing organizations with a superior end-to-end solution capable of meeting the needs of the entire employee lifecycle. Specifically, the report highlighted Taleo's recent acquisition of Vurv, coupled with new offerings in performance management, compensation management and the mid-market to further fuel the company's strong growth among multi-national organizations and across multiple vertical markets. It also acknowledged the company's large customer base, which has doubled over the past year.

Albert Pang, Research Director of Enterprise Applications Research, and author of the report, said, "Investing in applications that allow organizations to award fair compensation, and thus motivate and reward the workforce, is even more critical to success in today's volatile economy. In fact, there are indications that companies are increasing their investments in workforce management systems to help them weather the storm. More HR teams are also turning to HR tools like Taleo's to help improve employee skills, facilitate team collaboration and boost morale."

"In today's business environment, customers and influential analysts, like IDC, are beginning to recognize the criticality of integrated talent management solutions," said Michael Gregoire, Chairman and CEO of Taleo. "Because talent is simultaneously a company's biggest differentiator and its largest cost, a holistic view of an organization's workforce is no longer simply 'nice to have,' but a business imperative."

About Taleo

Taleo (NASDAQ: [ TLEO ]) is the leader in on demand unified talent management solutions that empower organizations of all sizes to assess, acquire, develop and align their workforces for improved business performance. More than 3,800 organizations use Taleo for talent acquisition and performance management, including 47 of the Fortune 100 and over 3,000 small and medium sized businesses across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Taleo's market growth, the demand for and results from use of Taleo's solutions and general business conditions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 11, 2008, and in other reports filed by Taleo with the SEC.

(1) IDC, Worldwide HCM Applications 2007 Vendor Shares: Analysis of 25 Vendors in Core HR, eLearning, eRecruiting, Intelligent Compensation, Performance Management, and Workforce Management, Doc # 215584, December 2008