SOURCE: Taleo

January 06, 2011 06:00 ET

Panda Restaurant Group, Inc. Chooses Taleo for Comprehensive Talent Intelligence

Largest Asian Restaurant Company in the Nation Aims to Maintain Growth and Increase Efficiencies With Taleo Product Suite

DUBLIN, CA--(Marketwire - January 6, 2011) - Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that Panda Restaurant Group, Inc., the largest and fastest growing Asian restaurant company in the country, has selected Taleo as its talent management platform provider for Recruiting, Onboarding, Assessments and Learning.

Founded in 1973, Panda Restaurant Group, Inc. is comprised of three Asian dining concepts -- Panda Express, Panda Inn and Hibachi-San -- with more than 1,300 locations nationwide.

Panda's decision to employ Taleo's unified suite of Talent Management products will allow the company to: have better insight on the quality of its hires, close the competency gaps in its organization, and ensure the right onboarding and training to keep its talent engaged and productive.

"We currently have approximately 18,000 associates across our family of restaurants," said Linda Brandt, Chief People Officer of the company. "Taleo's product suite will afford us the holistic view of our talent along with the actionable intelligence we have been looking for to streamline recruiting, reaffirm our commitment to associate engagement, learning and retention and build our brand as an employer of choice."

With Taleo, Panda will replace disparate existing systems in favor of a single platform that will help them create a centralized Talent Profile of their associates, including resumes, reviews, assessments and learning plans, with room to expand into more solutions. Staffing information this intensive will enable the organization to quickly understand and leverage its best performers and identify areas for further development.

Leonard Yip, Panda's Chief Information Officer, said, "Taleo's proven track record of reliably and securely supporting the needs of a growing organization was important to us. In addition, the power of their Talent Management platform will provide us with a toolset we can continue to rely on as we grow our business."

Taleo provides best in class solutions to support the talent-optimized organization: recruiting, performance, learning and compensation. Companies like Panda Restaurant Group recognize the opportunity to leverage Taleo for Talent Intelligence to know their people and grow their businesses.

"Companies across the restaurant, retail and hospitality sectors are among businesses of all kinds choosing Taleo to gather Talent Intelligence on their best appreciating asset: their people," said Michael Gregoire, Chairman and CEO of Taleo. "We are delighted to partner to with Panda Restaurants to help deliver insight they'll need to better inform their talent-driven growth initiatives."

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About Taleo
Taleo's (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. Approximately 5,100 customers use Taleo for talent acquisition, performance, learning and compensation management, including 48 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers, more than 200 million candidates, and 140 partners and industry experts.

Forward-looking Statements
This release contains forward-looking statements, including statements regarding the demand for and benefits from the use of 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 II, Item 1A of Taleo's Quarterly Report on Form 10Q, as filed with the SEC on November 5, 2010, and in other reports filed by Taleo with the SEC.

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