Taleo Only Software Company Among Inc. 500 Winners to Go Public in 2005
Taleo Graduates from Inc. 500 – On Demand Revenue Tops Other Talent Management Vendors
SAN FRANCISCO – January 11, 2006 – Taleo Corporation (Nasdaq: TLEO), the leading provider of talent management solutions, today announced that it is the only software company among the recently announced Inc. 500 winners to go public in 2005. The Inc. 500 is a ranking of the fastest growing, privately held companies in the United States, with rankings based on three-year growth from 2001 to 2004.
Only seven companies from the Inc. 500 went public in 2005, with Taleo recognized as the only software company to execute a successful initial public offering. Additionally, Taleo’s three-year combined revenue of $130.7 million, (for years ended 2002, 2003 and 2004) makes it the largest, pure on demand talent management vendor among the Inc. 500.
“The scale of our financial performance and growth, combined with the attractiveness of a pure software on demand business model, created a unique situation where both customers and the public markets wanted a deeper relationship with Taleo,” stated Michael Gregoire, president and CEO, Taleo. “Completing a successful IPO in today’s highly regulated environment requires not only strong financials and business model, but a detailed execution plan. We’re pleased to be recognized as the only software company among the Inc. 500 to undergo a successful IPO in 2005 and look forward to our continued growth as we begin a new year.”
“When you look at the amazing job growth among Inc. 500 companies, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
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 satisfaction of their workforces. Taleo currently has more than 350 corporate customers with approximately 500,000 registered users who use our services to fill positions in almost 100 countries. For more information visit www.taleo.com.
About Inc. Magazine
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.
Forward-looking Statements
This release contains forward-looking statements, including statements regarding Taleo’s future growth prospects 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, including the possibility that the market for enterprise software does not develop as anticipated; the volatility of our stock price due to the difficulty in predicting operating results and the long sales cycle for our software; failure to develop new software products or enhance existing products; failure to retain key staff; the failure to maintain historical maintenance renewal rates; and the failure to properly protect our proprietary rights and intellectual property. Further information on potential factors that could affect actual results is included in Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on August 15, 2005, as amended September 23, 2005, and in other reports filed by Taleo with the SEC.
Press Contacts:
Krista Canfield
Tel: 415.905.4011
e-mail: kcanfield@horngroup.com