TalentDrive Announces Talent Exchangea" Partnership with Taleo

CHICAGO, Oct. 3, 2011[ /PRNewswire-iReach/ ] -- [ TalentDrive ], creator of the most advanced global [ resume search API ] in the industry, today announced a resume search engine partnership with Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based [ Talent Management ] solutions.

Taleo Talent Exchange is a talent community comprised of millions of job seekers and employers from around the world. This new one-stop-shop platform unifies multiple external sources into a single location, leveraging Taleo's powerful recruiting technology to source, filter and recommend the right candidates for the right jobs. Unlike traditional job boards, the Talent Exchange presents employers with high-quality Universal Profile candidates, along with free access to over two million web candidates, available through a partnership with TalentDrive.

The partnership is based on a constant data sharing integration between TalentDrive and the Taleo TalentExchange. Thousands of new positions are continuously sent from Talent Exchange to TalentDrive through the integration, providing searches that source free online resumes daily. High quality resumes that have been filtered through a rigorous parsing process are returned to Talent Exchange to populate the results in the Web Candidates tab.

Through its API technology, TalentDrive guarantees fresh and relevant data for each Talent Exchange search. Using a simple key-term and location search, users are able to return results instantaneously through Talent Exchange. A unique "pay for what you like" model uses credits or dollars on a per-candidate/contact basis versus a monthly subscription fee, allowing users to review full resumes and profiles prior to purchase.

"Taleo Talent Exchange is a revolutionary concept that is a logical approach for organizations that want to consolidate their sourcing tools," said Sean Bisceglia, CEO of TalentDrive. "A perfect mix of candidates that self-select into the hiring process by creating a profile, employers trading information to find the best fit, and a constantly refreshed pool of resumes mined from the open web, Talent Exchange is the epitome of a talent marketplace. We are honored to be part of a big idea and look forward to growing Talent Exchange with Taleo."

"This initiative was conceived to answer the clamoring of the recruitment industry for a search solution that was easy, fast, and effective," said Jim Obsitnik, general manager, Taleo Business Edition, Learn and the Talent Grid. "The combination of all external sources into a single location brings to market the most cost effective resume search experience available. TalentDrive has helped make the entire web candidate section a possibility by aggregating online resumes from across the web into one location within the Exchange."

About TalentDrive:

TalentDrive is the creator of the leading online resume aggregation search engine, TalentFilter. One of the easiest to use sourcing tools on the market, TalentFilter is available exclusively through TalentDrive's 25 API partners. These partners and access to over 450,000 global users makes TalentDrive the most widely adopted resume search and candidate marketing API. TalentFilter sweeps and unifies thousands of paid and free resume databases into one location, using sophisticated matching and filtering to rank results. Integrated with more job boards than any other resume search tool, TalentDrive has been nationally recognized in The Economist, BusinessWeek, CNN Money, CNBC, Forbes, Fox Business, Crain's, CBS Radio, U.S. News and World Report, ERE, SI Review and the American Staffing Association recognized TalentFilter as one of their Top Tools of the Year for 2010. One search, one location, one technology. Thousands of sources. For more information, visit [ www.talentdrive.com ].

About Taleo:

[ Taleo ] (NASDAQ: TLEO) helps organizations improve the performance of their business by unlocking the power of their people. Taleo is the only company to provide [ industry-leading ] solutions in every category of [ Talent Management ]. Through its cloud-based platform, Taleo optimizes recruiting, performance management, learning and compensation -- and integrates them all so managers have the insights they need to achieve [ talent intelligence ]. Customers also plug into Taleo's unique [ Talent Grid ] community to harness the power of proven best practices, millions of users, and Taleo-ready partner solutions. From small and medium sized businesses to large enterprises, more than 5,000 organizations rely on Taleo every day to pursue growth, innovation and customer success.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding the demand for and benefits from the use of Taleo's solutions. 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 release. 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 August 8, 2011, and in other reports filed by Taleo with the SEC.

Media Contact:Alissa Gothard, TalentDrive, 312-496-7919, [ agothard@talentdrive.com ]

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SOURCE TalentDrive

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TalentDrive Announces Talent Exchangea" Partnership with Taleo

TalentDrive Announces Talent Exchangea" Partnership with Taleo

Providing Resume Search Engine for Taleo Talent Exchangea"