Oracle responds to SAP SuccessFactors acquisition

By Rick Whiting on Apr 13, 2012 7:50 AM
Filed under Cloud

Completes Taleo takeover.

Oracle has wrapped up its $US1.9 billion acquisition of Taleo Corp., the developer of cloud-based talent management applications.

Oracle disclosed the deal to acquire Taleo on February 9. Taleo's applications are used by businesses and organisations to manage employee recruiting, performance management, training and compensation. The company has 5,000 customers using its software.

Oracle plans to offer Taleo's applications through the Oracle Public Cloud service and integrate them with Oracle's own Fusion Human Capital Management software. But Oracle also intends to continue offering the Taleo applications as individual modules, company executives have said.

"The combination of Oracle’s leading Fusion HCM products and Taleo’s talent management offerings are expected to create a comprehensive cloud offering for organisations to find and develop the best people; align, promote and reward them; deliver intelligent analysis, and social and mobile capabilities to enable managers to make the right decisions quickly and effectively," Oracle said in a statement.

The company has scheduled a web presentation for April 26 where president Mark Hurd and other Oracle execs will provide more details on the company's HR software strategy.

Oracle's Taleo acquisition is widely seen as a competitive response to SAP's $3.4 billion acquisition of SuccessFactors, a developer of cloud-based applications for managing employee recruitment, training, performance tracking and compensation management. SAP completed that acquisition in late February.

 

This article originally appeared at crn.com

 
Follow us on Facebook and Twitter
 

Copyright © 2014 The Channel Company, LLC. All rights reserved.

Oracle responds to SAP SuccessFactors acquisition
 
 
 
 
 
Top Stories
Datacom signs mega data centre deal with NextDC
Perth is first cab off the rank.
 
NewLease hires former MYOB and Oracle man as new CEO
Following death of co-founder Douglas Tutus.
 
Aussie firm aims to build 10,000-strong software army
Revolution IT banks on crowdsourcing to help win business.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Which mobile device couldn't you live without?


Latest Comments
CRN Magazine

Issue: 329 | July 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.