SOURCE: Taleo Corporation

Taleo Corporation

November 24, 2009 07:00 ET

Taleo Announces Exercise of Underwriters' Option to Purchase Additional Shares

DUBLIN, CA--(Marketwire - November 24, 2009) - Taleo Corporation (NASDAQ: TLEO) today announced that the underwriters of its previously announced follow-on public offering of 6,500,000 shares of Class A common stock have exercised in full their option to purchase up to 975,000 additional shares priced at $20.25 per share. All of the shares in the offering were offered by Taleo. The offering is expected to close on November 25, 2009, subject to satisfaction of customary closing conditions.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. acted as joint book-running managers for the offering. Oppenheimer & Co. Inc. acted as co-manager.

A copy of the prospectus relating to these securities may be obtained from: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at One Madison Avenue, 1B, New York, New York 10010, or by telephone at 1-800-221-1037; J.P. Morgan Securities Inc., Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 631-254-1735; or Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department at 300 Madison Avenue, 4th Floor, New York, New York, or by telephone at 212-667-8563.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Taleo Corporation

Taleo Corporation is the leading global provider of on-demand, unified talent management software solutions. Our goal is to help our customers improve business results through better talent management. We offer recruiting, performance management, compensation management, internal mobility, onboarding, analytics and other software solutions that help our customers attract and retain high quality talent, more effectively match workers' skills to business needs, reduce the time and costs associated with manual and inconsistent processes, ease the burden of regulatory compliance, and increase workforce productivity through better alignment of workers' goals and career plans with corporate objectives.

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