Taleo (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today announced that it has acquired WetFeet Inc.’s web-based recruiting product, WetFeet Recruiter, including associated intellectual property, technology and over 35 customers. WetFeet Recruiter is an applicant tracking system that is used by large enterprises and small and medium businesses (SMBs), including many from the retail industry, to manage their recruiting process. The transaction closed in the third quarter and is not expected to have a material impact on Taleo’s operating results.
WetFeet Recruiter delivers jobs management, candidate sourcing, and applicant tracking, screening and management to growing businesses. Taleo has transitioned WetFeet Recruiter customers to Taleo Enterprise Edition or Taleo Business Edition, allowing them to leverage more advanced solutions to address their recruiting needs. SMBs today face a number of challenges, including appealing to a new generation of workers, growing pains and increased competition from multi-nationals for qualified talent, and retailers face additional, unique market dynamics, with a young, distributed workforce and a high volume of applicants. Taleo provides solutions that specifically address customers’ needs, with more than 1,000 SMBs currently leveraging Taleo Business Edition to achieve a competitive edge.
“This acquisition further strengthens Taleo’s position as the leading provider of talent management solutions to the retail industry,” said Michael Gregoire, CEO of Taleo. “We continue to expand our portfolio to provide customers with the tools they need to achieve a competitive advantage and extend our leadership in various verticals.”
Earlier this year, Taleo acquired the intellectual property, technology, and customers of JobFlash. JobFlash’s solutions enable employers to interact with the broadest pool of job seekers by providing multilingual telephone interactive voice response (IVR) and interview scheduling. Taleo has integrated JobFlash’s IVR and interview scheduling products with Taleo Enterprise Edition and offers them as a complementary solution to Taleo Business Edition, for SMB customers.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on demand, web-based talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,200 organizations use Taleo, including 33 of the Fortune 100, for talent acquisition and performance management, with over 1,080,000 users processing 66 million candidates from over 100 countries. Requiring no capital investment, Taleo’s software as a service and on demand delivery offers 99.9% availability.
Forward-looking Statements This release contains forward-looking statements, including statements regarding the demand for Taleo’s solutions, results from 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 Item 1A of Taleo’s Annual Report on Form 10-K, as filed with the SEC on March 16, 2007, in Item 1A of Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on August 9, 2007, and in other reports filed by Taleo with the SEC.
