Extends Leadership and Increases Market Share in the SMB Market
HRchitect featured Taleo in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 TaleoWorld conference and HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended Taleo’s annual Sales and Services meeting in 2010 & 2011.
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Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced it has signed a definitive agreement to acquire Cytiva (TSX-V: CRX), a leading mid-market provider of on-demand recruiting software solutions, for approximately $11 million Canadian dollars in cash.
This acquisition solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base that will benefit from Taleo’s unified talent management platform. The acquisition continues Taleo’s commitment to offer SMB customers a fully optimized talent management suite to meet the unique needs of this market.
Cytiva software is used by more than 250 companies throughout North America including Restoration Hardware, Ocean Spray and Mediacom. Cytiva has been recognized by Bersin and Associates for its candidate and hiring manager user experience.
“We are excited about the opportunity to continue providing Cytiva’s customers with a high level of service and support while bringing them the advantages of Taleo’s full suite of recruiting, performance, succession, compensation, and learning capabilities,” said Michael Gregoire, Chairman and CEO of Taleo. “Through our experienced, dedicated integration team we will ensure that our new customers’ needs are heard and addressed as they leverage all of Taleo’s capabilities to better know their people and drive business results.”
The acquisition is subject to customary closing conditions, including regulatory approval, and is expected to be completed early in Q2, 2011.