SOURCE: Taleo Corporation

Taleo Corporation

September 09, 2009 05:55 ET

Taleo Launches the World's Largest Talent Management Community; New "Talent Grid" Combines the Power of Cloud Computing and Social Networking

Three New Exchanges Connect Over 175 Million Candidates, 4,100 Customers, Millions of Users and Dozens of Partners in Thriving Talent Management Ecosystem

DUBLIN, CA--(Marketwire - September 9, 2009) - Less than a year after announcing its Cloud Community strategy, Taleo Corporation (NASDAQ: TLEO), today delivers on that vision with the launch of its Talent Grid. A set of three online exchanges, the Talent Grid provides a forum for Taleo customers, partners and job seekers to discuss and share best and "next" practices, discover innovative solutions and interact to match up the world's top jobs with the best talent.

The first and only cloud-based community of its kind, the Talent Grid offers Taleo customers unprecedented value and the ability to drive superior business performance. This is made possible by harnessing the power of collaboration. By pairing social networking with Talent Management, Taleo's Talent Grid will bring together thousands, perhaps millions, to recruit talent, seek jobs, share knowledge, solve problems and offer insights.

The Talent Grid includes: the Knowledge Exchange, an online customer community; the Solution Exchange, a partner ecosystem; and the Talent Exchange, a marketplace where candidates and companies can connect. All three communities are built on and connected by a collaborative Web 2.0 framework. The Talent Grid is accessible as a convenient extension of Taleo's on-demand Talent Management software solutions for enterprise, medium-sized and small businesses.

"At Taleo, we recognize the power of great Talent Management to transform and lead business performance," said Michael Gregoire, Chairman and CEO of Taleo. "Beyond innovative software, the true catalyst for putting Talent Management at the center of business change will come from the world's domain experts. We are delighted to galvanize the world's largest Talent Management ecosystem of experts--our customers, partners, employees and candidates. Together, we have built a Talent Grid that will empower businesses of all sizes to transform their workforces and their business performance."

Knowledge Exchange: Social Network for Talent Management

Taleo's new online customer community brings together Talent Management best practices, metrics, methodologies and domain expertise from customers and experts in dozens of industries around the world. The Knowledge Exchange facilitates customers' ability to share and discuss a wide range of talent management topics, product ideas and best practices, and tomorrow's next practices, in a quick social manner. In pilot since April, the Knowledge Exchange is already buzzing with customer interaction, networking and idea generation from early participants who've driven hundreds of active discussions, uploaded content, presentations, videos and even shared sample code.

"The Knowledge Exchange has already saved us five support calls at TeleTech." Brenda Reid, Director, Global Talent Acquisition, TeleTech

"This is addictive," Amanda Anderson, Manager of Recruitment Technology, Hyatt Hotels

Solution Exchange: Applications Marketplace for Talent Solutions

Taleo's powerful integration platform and large ecosystem of "pre-integrated" partner solutions offers customers the ability to rapidly extend the value of their Taleo investment with a highly diverse set of products and services including sourcing, compliance, assessment, learning, tax credit screening, background checks, and various emerging technologies. Taleo's Solution Exchange provides a marketplace where customers can quickly explore, evaluate, demo, compare and activate solutions that extend the value of their Taleo products -- without ever leaving the site. Debuting with more than 70 solutions at launch, the Solution Exchange is available for Taleo customers and partners today. Early participants say:

"Taleo's vision and execution with the Solution Exchange is compelling. It's a great environment for collaboration and the primary reason we're investing with Taleo first." Mark Newman, CEO and Founder of HireVue

"The ability for us to rapidly turn on pre-integrated solutions without the time and costs involved with custom integration and professional services engagements is of significant value to us." Customer, Ken MacFerrin, Director, Global Staffing and Talent, InfoPrint Solutions Company

Talent Exchange: Candidate Sourcing Marketplace

The Taleo Talent Exchange is a collaborative online marketplace where candidates and companies connect. The Talent Exchange has the potential to bring together more than 500,000 new jobs and 13 millions applicants each quarter into one community. Here, companies can highlight job openings and source opt-in candidates directly to their Taleo Recruiting solution. Likewise, candidates can create a Universal Profile -- a robust, differentiating experience summary -- that they can share across prospective Taleo employers on the Talent Grid. The Talent Exchange is available today for candidates and customers.

"Recruiting the best talent to deliver exceptional service is crucial to our success. We have talked about ways to 'trade talent' within our own resort community before, so we are excited to learn about and implement the new Talent Exchange. We think it's tremendously innovative." Kyle Martin, Manager of Talent Acquisition, Vail Resorts

"This might very well become a one-stop shop for job-seeking needs," Consulting industry candidate

Why Taleo

Taleo's open, cloud-based technology platform, unified talent management solution, and unique scale provide the technical foundation and critical mass required to power the Talent Grid. Key assets underpinning the Talent Grid include:

--  175 million candidates
--  500,000 new job postings per quarter
--  4,100 global customers, including 46 of the Fortune 100
--  2.9 million users
--  70 partners
--  Open integraton platform
--  World's most scalable cloud-based technology infrastructure
    

Plug Into the Talent Grid

Access is available at no cost to Taleo customers. Keynotes, working sessions and plenty of live access to the Talent Grid will be showcased Sept. 14-17 at Taleo's annual user conference, TaleoWORLD in Las Vegas. For more information, visit: GRID.TALEO.COM.

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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