Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced more than one million employees at over 250 companies have chosen Taleo's proven Performance Management (http://new.taleo.com/solutions/performance) solutions to help them scale and effectively manage their most valuable asset -- their people.
Taleo was chosen in several highly competitive performance management evaluations at Fortune 100 companies, securing new Enterprise and SMB customers in financial services, retail and professional services organizations. More and more businesses of all sizes and across all market sectors are realizing that talent management is critical and that a people strategy must be incorporated into an effective growth strategy.
As business leaders reinvent to power growth, they need visibility and insight into their people to plan, source and develop high performance initiatives that drive business growth.
Businesses require leaders with strong capabilities and the ability to provide collaborative and frequent performance feedback, in addition to the need to identify critical skills required to drive, develop and sustain high performance.
"The key to rebuilding our economy is using strategies like Talent Intelligence that will help us understand the logistics of talent. The key to any substantial recovery is a good inventory. From there, you can figure out what's possible. Without it, you're just guessing," said John Sumser, CEO, HR Examiner, an industry publishing and consulting firm. "Anyone can talk in general terms about talent shortages. Without easy to use tools to understand what you have and how to deploy, it's just smoke."
Taleo's Talent Intelligence (http://ir.taleo.com/releasedetail.cfm?ReleaseID488412) is the next era of Talent Management that will give companies an advantage which is otherwise unavailable in the market today by delivering insight on: internal staff, best practice experiences and industry-level benchmarks. "Businesses of all sizes are responding to our integrated suite of Talent Management solutions and our unique ability to provide the insight into their people that is required to drive growth in the recovering economy," said Michael Gregoire, Chairman and CEO of Taleo. "Our Performance Management solutions deliver talent intelligence on what their people have done in the past, where they are succeeding currently and where they aspire to contribute in the future."
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About TaleoTaleo's (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. More than 4,500 customers use Taleo for talent acquisition, performance and compensation management, including 49 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers and more than 200 million candidates and 100 partners and industry experts.
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 Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 7, 2010, and in other reports filed by Taleo with the SEC.