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Taleo Corporation: Taleo Tops 100 Customers for Performance Management Solution

^{Published on 2009-06-30 08:49:06, Last Modified on 2009-06-30 08:50:04 - Market Wire}
 

DUBLIN, CA--(Marketwire - June 30, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that its performance management solution for enterprises and small and medium sized businesses (SMBs) has been adopted by more than 100 customers worldwide. Recently recognized as the "Best Human Resources Solution" for the 2009 CODiE Awards by the Software & Information Industry Association (SIIA), as well as being listed in the Visionaries quadrant of the Gartner Magic Quadrant for Employee Performance Management Software, Taleo had blazed a significant trail in less than 16 months on the market.

Launched for enterprises in February 2008, Taleo Performance provides tools for goals management, performance reviews, succession planning, development planning and compensation management. The company also introduced a performance management solution for SMBs, Taleo Business Edition Perform, in November 2008. Taleo's performance products provide companies of all sizes with solutions to significantly increase their employee engagement and better align their workforces with corporate objectives. Combined with Taleo's industry-leading recruitment solutions, Taleo Recruiting for enterprises and Taleo Recruit for SMBs, the Taleo performance software provides companies with a powerful unified talent management platform to obtain a more holistic view of their workforce.

More than 100 organizations around the globe and across numerous industries have selected Taleo's performance solution to transform their performance management practices from an annual administrative event into an everyday occurrence. Companies trusting Taleo with their performance management include enterprises such as Dow Chemical, Bic Groupe, California State Automobile Association and North Shore-Long Island Jewish Health System and SMB's including Imperial Toy Company, Emprise Bank, City of Montrose, Life Line Ambulance Services and Sooper Credit Union.

"At 70% of the average company spend, talent is any business' biggest competitive weapon," said Michael Gregoire, Taleo Chairman and CEO. "The business environment is changing too quickly and the stakes are too high for businesses to find out more about their staff on Facebook than from their own systems. Businesses are putting talent at the top of their agendas and are turning to Taleo to help them move their staff investments from intangible costs to measurable fixed assets."

For more information on Taleo Performance, please visit [ http://taleo.com/products/enterprise-edition-performance.php ]

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 4,000 organizations use Taleo for talent acquisition and performance management, including 48 of the Fortune 100 and over 3,400 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 Taleo's solutions, 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 II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 11, 2009, and in other reports filed by Taleo with the SEC.