Oracle Corp.is buying cloud-based talent management and employee recruitment software vendor Taleo for roughly US$1.9 billion, the company announced Thursday. The move comes shortly after SAP’s move to acquire SuccessFactors, a close competitor of Taleo, for US$3.4 billion in a deal that has yet to close.
Taleo traces its Canadian beginnings back in the 1990s when founder Martin Ouellet created Viasite. Viasite became one of the most successful job boards in Canada. It was during this time that Oullet and Louis Tetu also began work in Quebec City, on an online recruiting solutions and human capital management tool which would later be Taleo.
“Human capital management has become a strategic initiative for organizations,” said Thomas Kurian, executive vice-president, Oracle Development, in a statement. “Taleo’s industry leading talent management cloud is an important addition to the Oracle Public Cloud.”
The Taleo deal is expected to close in the middle of this year and is subject to shareholder approval, Oracle said. Taleo’s board has unanimously approved the sale.
It remains to be seen how Taleo’s product portfolio will be aligned with Oracle’s Fusion HCM (human capital management) software, which is also to be made available as a cloud offering.
