SOURCE: Taleo Corporation

Taleo Corporation

September 10, 2009 06:00 ET

New Version of Taleo Business Edition Launches; Helps Small and Medium Businesses Optimize Talent

Easy-to-Use, Cost-Effective Solution Increases Engagement Through the Entire Employee Lifecycle

DUBLIN, CA--(Marketwire - September 10, 2009) - Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced the launch of the latest version of Taleo Business Edition™, the company's talent management offering for small and medium businesses. With over 3,000 customers, Taleo Business Edition is helping companies more cohesively tie together recruiting and performance management by providing cost-effective, on-demand solutions to better understand and leverage their highest value -- and highest potential value -- employees.

With this release, companies can drive better time- and cost-savings and increased efficiencies for their organizations. Highlights of the latest release include:

--  Launch of Taleo Business Edition OnBoard™ -- New hires often decide
    how long they'll stay with a company within the first 30 - 90 days of
    employment. Taleo Business Edition OnBoard gives small and medium sized
    businesses the ability to create an automated onboarding process that is
    consistent and efficient, thereby increasing engagement, retention and
    productivity while saving time and money.
--  Taleo Business Edition Perform enhancements -- With more than 100
    customers since its launch in late 2008, Taleo Business Edition Perform is
    seamlessly integrated with Taleo Business Edition Recruit to deliver a
    single platform for on-demand talent management. New and improved
    performance management features include goal progress tracking, goals
    writing assistant and over 1,500 pre-integrated industry- and job function-
    specific competencies to streamline and improve the employee performance
--  Seamless Integration with Microsoft Outlook -- This updated
    functionality allows users to create a candidate profile, request employee
    feedback for performance reviews and file feedback into the employee talent
    profile in Taleo Business Edition directly from Microsoft Outlook. This
    ease of use increases user adoption and helps make performance management
    an everyday occurrence and not just a yearly activity.
--  Customized Data Flow -- Users are able to further streamline processes
    and reduce manual data entry by sharing data between Taleo Business Edition
    and HR systems, benefits providers, tax credit partners, background checks,
    facilities systems and other IT systems.

"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. 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," said John Keathley, Director of Operations for TransFair USA.

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,100 organizations use Taleo for talent acquisition and performance management, including 46 of the Fortune 100 and over 3,400 small and medium sized businesses across 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 the demand for Taleo's solutions and results from use of Taleo's solutions. 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 II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 7, 2009, and in other reports filed by Taleo with the SEC.

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