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Taleo Corporation: Taleo Edge Provides an Affordable Solution for Finding Critical Talent

^{Published on 2009-07-20 10:17:59, Last Modified on 2009-07-20 10:18:06 - Market Wire}
 

DUBLIN, CA--(Marketwire - July 20, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced increased momentum of Taleo Edge™, its recruiting and performance management offerings for organizations with between 5,000 and 13,000 employees. Launched in 2008, organizations such as VeriSign, Evergreen Packaging and Videotron have selected Taleo Edge to get their core talent management processes up and running quickly and in a cost-effective manner.

In today's economy, organizations of all sizes are looking for ways to do more with less. Mid-sized organizations especially need to be agile in order to successfully compete in a rapidly changing business environment. Taleo Edge allows businesses to cut costs related to talent management without sacrificing performance. With Taleo Edge, companies realize a faster time to benefit at less cost, while still having access to the full functionality and value-added content of Taleo's enterprise-level solutions. Customers also get a competitive edge via Taleo's guided implementation methodology and toolkit that deliver pre-packaged best practice content and expertise.

Numerous studies have shown that a lack of strategic talent management can affect a company's bottom line. According to a study from the University of Pennsylvania's Wharton School of Business, companies with a well-designed approach to recruiting and developing staff delivered, on average, a 22 percent higher return to shareholders than their industry peers. Taleo Edge helps companies define talent management processes that work for them and their specific requirements, while having the flexibility to change and expand as their needs evolve.

VeriSign, Inc. (NASDAQ: [ VRSN ]) is the trusted provider of Internet infrastructure services for the networked world. Headquartered in Mountain View, California, VeriSign protects more than one million Web servers with digital certificates and the majority of secure Web sites on the Internet, including 93% of the Fortune 500 sites. VeriSign is utilizing Taleo Edge globally for all hiring, complete with an HRIS integration.

Evergreen Packaging is a leading supplier of beverage packaging solutions. Headquartered in Cedar Rapids, IA, the company is committed to developing and supplying sustainable paper and packaging solutions. Evergreen Packaging moved from a paper-based to a completely automated recruiting process with Taleo Edge. The company currently uses Taleo Edge for professional hiring and is in the process of implementing onboarding.

Videotron is an integrated communications company engaged in cable broadcasting, interactive multimedia development, Internet access services, cable telephony and wireless telephone services. The Canadian-based company strives to offer its customers unparalleled services that are always reliable. Videotron used a 1st generation recruitment solution before switching to Taleo and now experiences greater user adoption, richer functionality and better communication with their candidates.

"Many organizations are looking for ways to optimize their talent and do more with less, regardless of size. Taleo Edge gives mid-sized enterprises the ability to do just that, without making a costly investment or sacrificing functionality," said Michael Gregoire, Chairman and CEO of Taleo.

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.