Multinational business hardware and software system provider Oracle has announced that it has entered into an agreement to acquire Taleo Corporation, a leading provider of cloud-based talent management, for $46.00 per share or approximately $1.9 billion, according to a press release on the Oracle web site available at: http://www.oracle.com/us/corporate/press/1517159.
Taleo’s industry leading Talent Management Cloud will be an important addition to the Oracle Public Cloud offering. Together, Oracle and Taleo expect to combine to create a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers by:
- Empowering employees and managers to effectively manage careers throughout their entire employment, including planning and budgeting, recruiting and on boarding, administration of benefits and payroll, and career development and transition.
- Enabling organizations to retain talent and optimize costs, establish and align employee goals, streamline hiring processes, and accelerate leadership development.
- Improving employee experience through faster on boarding and better collaboration with team members via social media
The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals, and other customary closing conditions. Until the deal closes, each company will continue to operate independently. More information on this announcement can be found at http://www.oracle.com/taleo.
Headquartered in Dublin, California, Taleo is a leading provider of cloud-based talent management software that helps organizations attract, develop, motivate, and retain human capital to improve business performance and drive growth. Taleo’s cloud manages 15 percent of all U.S. hires and is one of the world’s largest cloud deployments.
Redwood City, California-based Oracle engineers hardware and software and has more than 380,000 customers across a wide variety of industries in more than 145 countries. To learn more about the Oracle and Taleo deal:
- What the combination of Oracle and Taleo will mean for Oracle’s customers and partners: http://www.oracle.com/us/corporate/acquisitions/taleo/general-presentation-1516518.pdf.
- An Overview and Frequently Asked Questions (FAQs) about the deal, visit:
For information about pre-employment background checks as part of talent management, visit Employment Screening Resources (ESR) – ‘The Background Check AuthoritySM’ and nationwide background screening firm headquartered in Novato, California and accredited by The National Association of Professional Background Screeners (NAPBS ®) – at http://www.esrcheck.com/ or call 415-898-0044.
About Employment Screening Resources (ESR):
Employment Screening Resources (ESR) – ‘The Background Check AuthoritySM’ – provides accurate and actionable information, empowering employers to make informed safe hiring decisions for the benefit for our clients, their employees, and the public. ESR literally wrote the book on background screening with “The Safe Hiring Manual” by Founder and CEO Lester Rosen. ESR is accredited by The National Association of Professional Background Screeners (NAPBS), a distinction held by less than two percent of all screening firms. By choosing an accredited screening firm like ESR, employers know they have selected an agency that meets the highest industry standards. For more information about Employment Screening Resources (ESR), visit http://www.esrcheck.com/ or call 415.898.0044.
About ESR News:
The Employment Screening Resources (ESR) News blog – ESR News – provides employment screening information for employers, recruiters, and jobseekers on a variety of topics including credit reports, criminal records, data privacy, discrimination, E-Verify, jobs reports, legal updates, negligent hiring, workplace violence, and use of search engines and social network sites for background checks. For more information about ESR News or to send comments or questions, please email ESR News Editor Thomas Ahearn at firstname.lastname@example.org.