Taleo Releases Business Edition 7 as Global Demand Increases From Small and Mid-Sized Organizations
Businesses across the Americas, EMEA, and APAC select Taleo Business Edition 7 to automate talent management processes
New release delivers several key enhancements and functionality including expanded configurability and OFCCP compliance
SAN FRANCISCO – April 26, 2006 - Taleo Corporation (NASDAQ: TLEO), the leading provider of talent management solutions, today announced the release of Taleo Business Edition 7, its on demand talent management solution designed specifically for small and mid-sized businesses. In 2005, 225 organizations selected Taleo Business Edition as their talent management solution of choice, with 65 companies opting for the solution in Q4 alone.
Taleo also announced it has completed the data migration of all Business Edition customers to its world class datacenter. With this migration, Taleo is the only talent management company to provide an on demand infrastructure that delivers industrial strength, security, reliability and scalability to customers of all sizes. Servicing 6.8 million employees across global organizations, Taleo’s On Demand Infrastructure is built to the highest standards and supports all of its customers in two data centers in New York and San Jose.
Taleo Business Edition is a low cost, highly configurable solution that allows small and mid-sized organizations to automate the sourcing, assessment and selection of talent. Available immediately, Taleo Business Edition 7 is designed for companies with less than 5,000 employees. More than 80 percent of Taleo Business Edition customers are up and running in a matter of days.
Earlier this year, Taleo Business Edition was named a finalist in the 2006 Codie Awards program, presented by the Software & Information Industry Association (SIIA). Taleo Business Edition is the only talent management solution finalist in the “Best Human Resources Product” category.
Global Demand Increases for Taleo Business Edition Taleo also announced a marked increase in global demand and momentum for Taleo Business Edition, as organizations worldwide continue to select the solution to automate their talent management processes. New customers include Corel, Sega, Sumitomo Bank, Atari, Quest Software, Barton
Brands, and many others across all industries. Adoption throughout EMEA and Asia Pacific has also increased, with organizations including Conexia, Cornerstone, Pacific Recruitment, Sydney Airports Corporation, Talent Management Group in Singapore and many others, opting for Taleo Business Edition.
“With Taleo Business Edition, we are able to fill jobs faster with less paperwork and better results,” said Nathanial Annington, Managing Director, Annington Ferraday Recruitment. “Taleo Business Edition has allowed us to cut costs and improve the quality of our hiring process. We chose Taleo Business Edition because it's fast, affordable, and easy to configure to our business needs. Taleo Business Edition gives us an edge in today’s economy by allowing us to increase the efficiency of our overall talent management process.”
“The significant global adoption of Taleo Business Edition reflects our increased investment in international markets and our dedication to delivering comprehensive solutions not only to large companies but the small and mid sized market as well,” said Michael Gregoire, president and CEO, Taleo. “In just a year, we have amassed more than 225 Business Edition customers, which validates our global leadership position. Furthermore, the recent data center move for our Business Edition customers makes us the only talent management company to provide customers with this level of infrastructure investment. Large or small, we are committed to delivering the most comprehensive and available talent management solutions that drive business performance for all of our customers.”
Expanded Configurability
Taleo Business Edition 7 includes many new and enhanced features to help customers continue delivering superior recruiting and business performance with Taleo. Taleo Business Edition 7 takes configurability capabilities to a new level and allows customers to extend their HR programs to manage data and processes beyond hiring to other areas of talent management including employee evaluations.
Now, users can create their own tabs and define new applications within Taleo Business Edition. Users can replace spreadsheets, outdated desktop applications, and email-based processes with their own shared on demand applications that have all of the collaboration, reporting and data sharing capabilities already experienced with Taleo Business Edition. No other talent management solution on the market today offers a comparable level of configurability capabilities, which now come as a standard feature with all Taleo Business Edition service levels.
Other highlights of Taleo Business Edition 7 include:
- OFCCP Compliance
Taleo Business Edition 7 also includes enhanced OFCCP reporting capabilities to help organizations ensure compliance to the new OFCCP rulings. Taleo Business Edition ensures compliance by keeping a record of each search ever made throughout the candidate database, along with who performed the search, the date and time, search criteria used, and a list of candidates that matched the search results. As with all other reports in Taleo Business Edition, OFCCP reports can be filtered by user, date range, and more, and exported to Excel or CSV formats. - Application Views
With Taleo Business Edition 7, multiple tab layouts can be created and assigned by role and by user. By creating these different "Application Views" for different groups based on functionality, users can organize Taleo Business Edition into discrete on demand applications for Recruiting, Employee Management, Time & Attendance, Performance Reviews, Special Projects, and others. - Duplicate Record Merging
Taleo Business Edition 7 delivers improved data and reporting accuracy, with the ability to merge two or more candidate records into one. Users can select which fields in each record should be maintained in the resulting merged candidate record. All related list data such as comments, interviews, feedback, attachments, history, etc, from all merged records are combined into the single resulting candidate record to avoid data loss.
Pricing and Availability
Taleo Business Edition 7 is available immediately. Pricing for Taleo Business Edition starts at $995 per year for the Personal Edition. A free 30-day trial is available online by visiting http://www.taleo.com/solutions/business-edition-30daytrial.php.
About Taleo Corporation
Taleo (NASDAQ: TLEO) delivers on demand talent management solutions that enable organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. Taleo’s customers use its suite of solutions to improve their talent management processes to reduce the time and costs associated with these processes and to enhance the quality, productivity and effectiveness of their workforces. Taleo currently has more than 420 corporate customers with more than 525,000 registered users who use our services to fill positions in almost 100 countries.
Forward-looking Statements
This press release contains forward-looking statements, including anticipated results from use of our products and the market acceptance and demand for our new products. For purposes of the Private Securities Litigation Reform Act of 1995 (the “Act”) Taleo disclaims any intent or obligation to update these forward-looking statements, and claims the protection of the Safe Harbor for forward-looking statements contained in the Act. Actual results may differ materially from those projected in such forward-looking statements. Investors should consult Taleo’s filings with the Securities and Exchange Commission for further information regarding these and other risks of the Company’s business.
Press Contacts:
Krista Canfield
Tel: 415.905.4011
e-mail: kcanfield@horngroup.com