that it has entered into an agreement to acquire Taleo Corp., a provider of
cloud-based talent management for $46.00 per share or approximately $1.9
billion, net of Taleo’s cash and debt. Taleo’s Talent Management Cloud helps
organizations attract, develop, motivate, and retain human capital to improve
performance and drive growth.
Together, Oracle and Taleo expect to create a comprehensive
cloud offering for organizations to manage their human resource operations and
employee careers. The combination is expected to empower employees and managers
to effectively manage careers throughout their entire employment, enable
organizations to retain talent and optimize costs, and improve the employee
experience through faster on boarding and better collaboration with team
members via social media.