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
Issue: 330 | August 2014
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.