SOURCE: Taleo Corporation

November 25, 2008 10:15 ET

Taleo Announces General Availability of Taleo Business Edition Perform for Small and Medium Businesses

Taleo Accepts First Customer Orders at Launch

DUBLIN, CA--(Marketwire - November 25, 2008) - Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced the general availability of Taleo Business Edition Perform, a performance management solution specifically designed to meet the unique requirements of small and mid-sized businesses (SMBs). Taleo Business Edition Perform is not only an innovative stand-alone solution for organizations looking to streamline their performance management process, it is also a natural extension for Taleo Business Edition Recruit customers looking to create a unified talent management strategy, as it is seamlessly integrated on a single platform with Taleo Business Edition Recruit.

In today's increasingly difficult economic environment, retaining talent is a top priority for organizations of all sizes. Recent research, such as Gallup Consulting's Q12 survey that measures and links employee engagement to business outcomes, increasingly shows that engaged employees are more productive, more profitable, more customer-focused and less likely to leave when the going gets tough. With the market's current volatility, identifying, engaging and retaining high performers will be crucial for business's success.

Taleo Business Edition Perform provides SMBs with a low cost solution to gain more complete insight into their workforces and create a system for modeling, attracting, developing and retaining talent. Intuitive and highly configurable, Taleo Business Edition Perform enables employees and managers to collaboratively create, customize and track goals. User-friendly features, such as integration with Microsoft Outlook, aid in user adoption, a critical component of overall success.

Announced in mid September at the company's sold out TaleoWORLD user conference, Taleo Business Edition Perform has been gathering interest and sales momentum leading up to today's general availability.

"As a Taleo Business Edition Recruit customer, we know the value of having 24x7 global access to the products and information we need in a unified system," says John Keathley, director of operations for TransFair USA, a non-profit certifier of Fair Trade products. "We chose Taleo's performance management solution because by combining on-demand software with performance management, we engage our managers and employees across departments throughout the year and ensure that our corporate goals are aligned throughout the organization."

"We expect rapid growth over the next couple years," Keathley notes, "and we expect Taleo Business Edition to be a key part of our ability to scale with our growing organization."

Available today, Taleo Business Edition Perform includes:

--  Goals Management: Perform comes with a set of predefined templates for
    roles and behavioral competencies. Managers can establish quantitative and
    qualitative employee goals, define expectations, and align employee goals
    to broader company goals leading to improved productivity and a more
    engaged workforce.
    
--  Employee Website: Users can access basic employee data, company
    messaging, on-boarding information, assigned goals and performance reviews
    through the secure Employee Website. The portal helps ensure performance
    expectations are in alignment and that information and feedback are
    accessible to all stakeholders through a simple, easy to use interface.
    
--  Performance Reviews: Use configurable, flexible review templates and
    business processes to define and monitor the full employee review cycle.
    Managers can use a behavioral competencies library to quickly and easily
    initiate the review process from their desktops and monitor employee self-
    appraisals and manager assessments.
    
--  Platform and Integration: Integration with ATS allows companies to
    better predict who will be successful at their company and then go back to
    the source where they find employees with that profile, while integrated
    searching and reporting provides additional insight. Configuration is so
    easy that a non-technical people can configure the system, including
    setting up an unlimited amount of review forms.
    

"Organizations around the world, regardless of size, are turning to performance management solutions to gain insight into their workforces and survive in today's turbulent economic conditions. A number of SMBs, including customers using our recruiting product, are excited to have a fast, flexible, innovative, cost-effective solution at their disposal to help them engage and retain their top talent," said Jason Blessing, group vice president and general manager of Taleo Business Edition.

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes to assess, acquire, develop and align their workforces for improved business performance. More than 3,800 organizations use Taleo, including 47 of the Fortune 100 and over 3,000 small and medium sized businesses, for talent acquisition and performance management, in 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding Taleo's future financial performance, new product development, market growth, the demand for Taleo's solutions, and general business conditions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 11, 2008, and in other reports filed by Taleo with the SEC.

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