Oracle is Acquiring Taleo

Oracle is acquiring Taleo, a provider of cloud-based talent management solutions for roughly $1.9 billion. Taleo’s solutions basically help organizations attract, motivate and retain human capital, and will serve to boost Oracle’s Public Cloud offering.

Taleo has about 1,400 employees serving more than 5,000 customers, including nearly half of the Fortune 100.

The deal is expected to close this summer, subject to Taleo shareholder and regulatory approvals.

Taleo has acquired eight other companies since going public in September, 2005. Today, about 200 million people are registered in its systems. Its online apps, known collectively as Talent Intelligence, are available in 31 different languages and sold in 187 countries.

Leave a reply