SOURCE: Taleo Corporation

Taleo Corporation

October 28, 2009 07:00 ET

Taleo Announces Proposed Public Offering of Common Stock

DUBLIN, CA--(Marketwire - October 28, 2009) - Taleo Corporation (NASDAQ: TLEO) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 6,500,000 shares of its Class A common stock.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. will serve as joint book-running managers and Oppenheimer & Co. Inc. will serve as a co-manager for the offering. The underwriters will have an option to purchase up to 975,000 shares of Class A common stock from the company to cover over-allotments, if any.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the 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.

A copy of the preliminary prospectus relating to these securities may be obtained, when available, 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.

About Taleo

Taleo (NASDAQ: TLEO) 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, 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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