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Taleo Corporation: Panasonic Corporation of North America Selects Taleo for On-Demand Recruiting

^{Published on 2009-01-30 08:47:43, Last Modified on 2009-01-30 08:48:33 - Market Wire}
 

DUBLIN, CA--(Marketwire - January 30, 2009) - Taleo (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that Panasonic, a market and technology leader for consumer and digital products, selected Taleo Recruiting to improve workforce quality, increase engagement and retention and optimize the flow of talent into and throughout the organization.

Panasonic employs approximately 12,000 people in North America and selected Taleo Recruiting for its usability, functionality and comprehensive capabilities. Panasonic joins other electronic consumer brands such as Nintendo and Sony as a Taleo customer to generate efficiencies, reduce turnover and increase productivity across its internal talent base.

For 50 years, Panasonic has delighted American consumers with innovations for the home and business. Panasonic's consumer electronics, information technology and systems products range from award-winning VIERA High Definition Plasma and LCD TV's and LUMIX Digital Cameras to ruggedized Toughbook® laptop computers, communications solutions, networkable office solutions, security systems, home appliances, personal care products and components and entire in-flight entertainment and information systems.

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 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.