Taleo's Talent Management Cloud helps organisations attract, develop, motivate and retain human capital to improve performance and drive growth.
Together, Oracle and Taleo hope to create a comprehensive cloud offering for organisations to manage their HR operations and employee careers. The combination is expected to empower employees and managers to effectively manage careers throughout their entire employment, enable organisations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members via social media.
The Board of directors of Taleo has unanimously approved the transaction. The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, regulatory approvals and other customary closing conditions.
Thomas Kurian, executive VP, Oracle Development, said: "Human capital management has become a strategic initiative for organizations. Taleo's industry leading talent management cloud is an important addition to the Oracle Public Cloud."
Michael Gregoire, chairman and CEO at Taleo, said: "Taleo's integrated cloud-based talent management solutions optimize how organizations hire, manage, develop and reward their employees and gives companies the intelligence needed to capitalize on their most critical asset - their people," said.
"Joining forces with Oracle gives us the opportunity to better serve our customers."
