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Taleo Corporation: Canada's Top Businesses Tap Taleo's Talent Management Software for Competitive Edge

^{Published on 2009-02-18 08:21:23, Last Modified on 2009-02-18 08:22:29 - Market Wire}
 

TORONTO--(Marketwire - February 18, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that a number of its Canadian customers have been cited as "best employers" in a recent study. Eight of the "50 Best Employers in Canada" recently identified by Hewitt Associates are currently using Taleo's talent management solutions for their recruiting and performance management needs -- significantly more than any other talent management provider.

To better compete in the current economic climate, these companies have recognized the importance of using innovative approaches in recruitment, talent management and performance management strategies to ensure cost-savings, employee productivity and long-term success.

"Because employees are typically about 70% of a business' cost, it is more important than ever for companies of all sizes to have tools for better visibility into the greatest contributors to the business' success," said Guy Gauvin, Executive Vice President, Global Services for Taleo. "Leading Canadian businesses recognize this and continue to invest in talent management solutions, to be better positioned for success in a tightening economy."

The study is based on measuring engagement among employees and is completed by more than 100,000 employees and 2,000 business leaders at almost 200 Canadian organizations. Key benefits to high employee engagement include a greater ability to attract and retain top talent. Leveraging a successful talent management strategy is a key element to an organization's overall success.

With Taleo's expanding talent management suite, companies are able to provide strategic insight into talent across their organization by tracking key performance, career management and succession planning goals. As a result, employees have access to an enhanced view of development opportunities -- facilitating stronger engagement and focus within their jobs -- and ultimately increasing overall retention.

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.