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Taleo Corporation: Taleo Positioned in Visionaries Quadrant for Employee Performance Management Software

^{Published on 2009-02-13 09:44:09, Last Modified on 2009-02-13 09:45:21 - Market Wire}
 

DUBLIN, CA--(Marketwire - February 13, 2009) - Taleo (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that it was positioned in the Visionaries quadrant in the Gartner Magic Quadrant for Employee Performance Management Software,(1). Less than a year after its entry into the Performance Management segment, Taleo believes its exceptional user experience and proven ability to execute contributed to its positioning in this report. Taleo is also positioned in the Leaders quadrant of the Gartner Magic Quadrant for E-Recruitment Software report, published in June.(2)

According to the Gartner Magic Quadrant on performance management, "employee performance management (EPM) software includes performance succession and compensation management capabilities."

Taleo's position in the report was based on the company's completeness of vision and ability to execute. When assessing completeness of vision, Gartner analysts evaluate marketing understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation and geographic strategy. Ability to execute is evaluated on product/service, overall viability, sales execution/pricing, market responsiveness and track record, marketing execution, customer experience and operations.

"Having crystal clear insight into your business' key performers has never been more crucial," says Michael Gregoire, Chairman and CEO of Taleo. "Strategic performance management balances goals of increasing productivity, while reducing costs, a challenge all global businesses are attempting to master today. We are pleased to see influential analysts focus on this fast-emerging market of solutions that is driving positive change in global businesses."

1) Gartner, Inc. "Magic Quadrant for Employee Performance Management Software" by James Hollincheck and Thomas Otter, February 3, 2009

2) Gartner, Inc. "Magic Quadrant for E-Recruitment Software" by James Hollincheck, June 10, 2008

About the Magic Quadrant

The Gartner Magic Quadrants are copyrighted 2008 and 2009 by Gartner, Inc., and are reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 future financial performance, 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.