Taleo, Formerly Recruitsoft, Files Registration Statement with SEC
San Francisco, CA – March 31, 2004 – Taleo Corporation, formerly Recruitsoft, Inc. today announced that a registration statement has been filed with the Securities and Exchange Commission (SEC) relating to its proposed initial public offering of $100 million of its Class A common stock, par value $0.00001 per share, and up to an additional $15 million of its Class A common stock, which may be issued pursuant to an exercise of the over-allotment option to be granted to the underwriters. Effective March 30, 2004, Recruitsoft, Inc. has changed its name to Taleo Corporation. The shares in the offering are being offered by Taleo and certain selling stockholders.
The offering is being made through an underwriting syndicate led by Citigroup Global Markets Inc. Lehman Brothers Inc. and Merrill Lynch and Co. will act as co-lead managers. CIBC World Markets Corp., Harris Nesbitt Gerard, and ThinkEquity Partners LLC will act as co-managers.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
A copy of the preliminary prospectus relating to these securities may be obtained, when available, from Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Telephone 718-765-6732).
About Taleo Corporation
Taleo Corporation (formerly known as Recruitsoft, Inc.), is a leading provider of enterprise staffing management solutions that enable large organizations to establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff. Taleo customers use the company’s solutions to enhance the quality, productivity and satisfaction of their workforces. Taleo solutions incorporate resource allocation principles similar to those employed successfully in supply chain management automation to more accurately match total labor demand and supply across complex organizations. Taleo customers include Honeywell, HP, Mercer Human Resource Consulting, P&G, Starbucks Corporation, SUEZ, UnitedHealth Group, Washington Mutual, Yellow Corporation, among many others. Taleo is headquartered in San Francisco, CA.
Press Contacts:
Krista Canfield
Tel: 415.905.4011
e-mail: kcanfield@horngroup.com