SOURCE: Taleo Corporation

September 16, 2008 10:16 ET

Taleo Unveils Performance Management Solution for Small and Medium Sized Businesses

Integrates With Successful Taleo Business Edition Recruit

BOSTON, MA--(Marketwire - September 16, 2008) - TaleoWORLD -- Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced the launch of Taleo Business Edition Perform, a software solution for automating the performance management and goal-setting process specifically for small and medium sized businesses (SMBs). The product is built on the company's Taleo Business Edition Platform, and is fully integrated with the Taleo Business Edition Recruit. The new product offering provides SMBs with a comprehensive set of tools to attract, retain, assess and develop staff.

A natural extension for Taleo Business Edition Recruit customers looking to create an overall talent management strategy, Taleo Business Edition Perform is an intuitive, highly configurable solution that enables employees and their managers to collaboratively create, customize and track their goals within personalized intranet web sites. Employees hired via the recruiting application will automatically have a detailed online employee profile generated for them in the new performance application. The profile is immediately ready to update with performance-related information and automatically pulls goals from the employee portal. Managers can use customizable templates in Taleo Business Edition Perform to assign roles, goals and tasks, while employees can customize the display of their web sites, helping to more fully engage the employee in the performance management process and increase user adoption.

By integrating tools for recruitment and employee performance management, SMB organizations can gain more complete insight into identifying traits of its top performers in various functions, and ensuring a system for modeling, attracting, developing and retaining that type of talent throughout its organization.

Further, Taleo Business Edition Platform allows organizations to create an even more robust solution via an open API for third party development and integration. Partners can build applications for Taleo Business Edition using self service application tools, thus providing best-of-breed solutions directly integrated into the product. The applications are exposed through Taleo Business Edition's user interface for a seamless look and feel.

"In our business the ability to hire, retain and assess talent is critical," said Randy McGregor, Flight Operations at XOJet. "Having an integrated talent management solution for recruiting and performance management will give us the information we need for better decision making and ultimately drive business results."

"We worked with Taleo to develop the first pre-integrated background screening solution for Taleo Business Edition," said Todd Owens, general manager for screening services at Intelius. "Our engineering team was able to rapidly design and implement an integration that is reliable, scalable, flexible and secure. Needless to say, within months our joint customers were able to begin realizing the tremendous efficiencies that result from integrating mission critical business processes."

"With our new Taleo Business Edition Perform, available pre-integrated with our wildly successful Taleo Recruit, SMBs will be able to look holistically at their talent management data to make better decisions about their workforce and business," said Jason Blessing, general manager and group vice president of Taleo Business Edition. "Further, by taking a Facebook-like approach to opening our supporting Taleo Business Edition Platform, we make it easy to extend and configure the applications' functionality and access crucial staff context anywhere, anytime and on any device."

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empowers organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. More than 3,600 organizations use Taleo for talent acquisition and performance management, including 47 of the Fortune 500 and more than 2,900 small and medium sized businesses, across 200 countries and territories. Known for its strong configurability and usability, Taleo's talent management platform runs on a world-class infrastructure and offers 99.9% availability.

Forward-looking Statements

This press release contains forward-looking statements, including statements regarding the demand for and expected benefits and results from using Taleo's products and services. 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 release. 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, 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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