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Global Businesses and Governments Select Taleo's Recruiting Solution to Build for Growth

^{Published on 2009-12-28 03:21:26 - Market Wire}
 

DUBLIN, CA--(Marketwire - December 28, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that strategic businesses around the globe selected its software solutions in 2009 to pinpoint their best potential performers in order to better compete, innovate and grow. Taleo's customers cross all geographies and business sectors and include business and government organizations, including four of the top five health insurance providers, four of the top ten retail organizations and seven of the top ten financial services firms.

Among the additions to Taleo's global customer list in the first three quarters of 2009 were: Aaron Rents, Inc., Batesville Casket Company, Bristow Group, Inc., Cognizant Technology Solutions Corporation, Healthways, Inc., Hitachi Data Systems, Itron, Inc., L-3 Communications Holdings, Inc., Lifespan, Inc., Major League Baseball, McAfee, Inc., MTV, New South Wales Government, N.E.W. Customer Service Company and SkyMall.

These organizations selected Taleo to address their increasingly stringent recruitment needs, while driving efficiencies and cost reduction in the traditionally time intensive recruitment process. Taleo provides them with best-in-class technology, proven global implementation and support experience and deep domain expertise.

For example, Taleo was recently appointed to support end-to-end recruitment for the New South Wales Government, one of Australia's largest employers. The decision was based on Taleo's proven track record with organizations of similar size and complexity. Taleo is helping the Government build and manage its talent pool, as well as measure and improve the talent acquisition processes. Taleo Recruiting will facilitate improvement in the speed and efficiency of the New South Wales Government recruitment process and enable greater control and visibility in sourcing quality candidates in a competitive Australian market.

In a 2009 global survey by PricewaterhouseCoopers, 97% of CEOs cited finding and retaining the right employees as the top strategic advantage in moving their businesses forward. Indeed, market leaders choose Taleo to improve workforce quality, increase engagement and retention, and optimize the flow of talent into and throughout their organizations. By implementing Taleo's on-demand solutions, companies can automate workforce management processes, accelerate time to productivity and align talent management initiatives to business objectives.

"While job statistics might lead to the conclusion that recruiting is not important in this market, that assumption is absolutely incorrect," said Michael Gregoire, Chairman and CEO of Taleo. "In fact, strategic companies, turn to best-in-class software solutions to ensure that when they hire, they do it with a laser focus on skills, perspective and potential to drive their business success. Just as they cannot afford 'good enough' employees, nor can they afford 'good enough' technology to support such crucial decisions."

Celebrating its 10th year in business, Taleo is the industry pioneer and leader in online recruiting. Taleo Recruiting is part of Taleo's recently launched Talent Management solution, [ Taleo 10 ].

About Taleo

Taleo (NASDAQ: [ TLEO ]) is the leader in on-demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,200 organizations use Taleo for talent acquisition and performance management, including 46 of the Fortune 100 and over 3,500 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/A, as filed with the SEC on November 4, 2009, and in other reports filed by Taleo with the SEC.