October 20, 2011
Attributes 150 Percent Revenue Growth to Its Continued Commitment to Providing Outstanding Talent Management Solutions to Its Customers
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. Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 & 2011 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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based Talent Management solutions today announced its recognition by Deloitte as a Technology Fast 500™ award recipient. The award provides a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Taleo grew 150 percent during the measurement period.
Taleo Chief Executive Officer, Michael Gregoire, credits innovation and Taleo’s ability to adapt with the company’s 150 percent revenue growth. “We at Taleo are honored to be recognized by Deloitte as a leader in our industry,” said Gregoire. “Our commitment to serving the needs of our customers and ability to recognize and grow alongside industry trends are what make Taleo so great. We are proud to be in the company of some of the best and brightest innovators in the technology industry.”
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
August 9, 2011
Billings up 36% Year Over Year; Deferred Subscription and Support Revenue up 45% Year Over Year; Added 275 New Customers; 7 Greater Than $250k in Annual Subscription Value
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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based Talent Management solutions, last week announced strong results for its second quarter 2011.
“We saw exceptional growth and momentum across key metrics in our second quarter,” said Michael Gregoire, Taleo’s Chairman and CEO. “We are seeing more customers standardizing on Taleo across all areas of talent management and they tell us that the talent intelligence they garner from Taleo is giving them a powerful competitive advantage.”
Taleo delivered the following results for the second quarter 2011:
Second Quarter Revenue: Subscription revenue for the second quarter was $55.2 million, an increase of 15% on a year-over-year basis. Subscription revenue was reduced by a $6.5 million reserve for the settlement of claims asserted by the United States government. The claims related to a subcontract entered into in 2002 through which services were provided to the Transportation Security Administration (“TSA Settlement”). For further details on the TSA Settlement, please see our report on Form 8-K filed on August 4, 2011. Professional services revenue for the second quarter was $14.5 million, an increase of 74% on a year-over-year basis. Total revenue for the second quarter was $69.7 million, an increase of 24% on a year-over-year basis, which includes the reduction of $6.5 million reserve for the TSA Settlement.
Non-GAAP subscription revenue for the second quarter was $63.6 million, an increase of 32% on a year-over-year basis. Non-GAAP professional services revenues for the second quarter was $15.2 million, an increase of 82% on a year-over-year basis. Non-GAAP subscription revenue for the second quarter has not been reduced for the $6.5 million TSA Settlement. Total second quarter non-GAAP revenue was $78.7 million, an increase of 39% on a year-over-year basis.
Second Quarter Loss per Share: Second quarter net loss per share was $(0.20), compared to a net loss per share of $(0.04) a year ago.
Significant items impacting net loss per share included:
- The TSA Settlement, which reduced second quarter revenue by $6.5 million;
- An agreement reached with Kenexa, disclosed in our filing on Form 8-K on July 5, 2011, under which we agreed, among other things, to dismiss with prejudice all outstanding lawsuits, to cross license certain patents, and to make a one-time cash payment of $3.0 million. The agreement resulted in a $2.4 million charge to general and administrative expenses in the second quarter; and
- $3.2 million in cumulative refundable tax credits associated with Taleo’s acceptance during the second quarter into a Quebec provincial investment tax credit program for 2009, 2010 and 2011. The credits were reflected as a reduction in cost of revenues and operating expenses in the second quarter.
Non-GAAP net income per fully diluted share was $0.27, compared to non-GAAP net income per fully diluted share of $0.14 a year ago.
An explanation of the non-GAAP measures used in this press release is included in the section below titled “Non-GAAP Financial Measures” and a reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables included as part of this press release.
Cash: Cash generated from operations for the first half of 2011 totaled $19.4 million as compared to $21.3 million in the first half of 2010. Cash flow in 2011 has been impacted by the settlement of the Kenexa lawsuits, acquisition related spending and working capital requirements. Total cash and cash equivalents finished the quarter at $148.4 million, a decrease of $96.5 million from the prior year due primarily to the acquisitions of Learn.com and Cytiva.
Customers: In the second quarter, 275 new customers chose Taleo’s Talent Management solutions for recruiting, performance, learning and/or compensation management, including: Western Union, Bausch & Lomb Incorporated, Devon Energy, Invesco and Volkswagen Group of America. In the second quarter we were awarded 7 new contracts of $250,000 or larger in first year subscription revenue, underscoring the market interest in larger, global deployments and in multiple component suite solutions.
Billings: Billings, defined as the change in short-term deferred subscription revenue plus non-GAAP subscription revenue, was $69.2 million in the second quarter, up 36% year-over-year.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
June 22, 2011
Acquisition Doubles Customer Base and More than Doubles the Team in Europe
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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that it has signed a definitive agreement to acquire Jobpartners for approximately $38 million, 26 million Euros. The acquisition expands Taleo’s ability to serve customers based in Europe and makes Taleo one of the largest SaaS-based talent management vendors in the region. Taleo’s acquisition of Jobpartners doubles its customers based in Europe, and more than doubles the size of its team of professionals in Europe, providing an unmatched ability to serve the customers in this region. This deal signifies Taleo’s commitment to investing in growth and the strategic importance of having a strong team and established customer base in scaling a significant SaaS business.
“We have been impressed by the capabilities of the Jobpartners team and the close relationships they have built with their large and sophisticated Europe-based customers. This acquisition creates an opportunity for us to accelerate our expansion outside of North America by increasing our customer base, increasing our local sales and support capacity as well as taking advantage of the Jobpartners Eastern European development center,” said Michael Gregoire, Chairman and CEO of Taleo. “With our expertise and skills, and Jobpartners’ experienced employees, we have the unmatched ability to serve and expand our combined base of European customers.”
More than 350 customers internationally already realize the benefits of Taleo’s cloud-based talent management solutions for recruiting, performance management and learning. The combined strength of Taleo and Jobpartners make Taleo a global leader in Europe.
“Talent is becoming a global challenge while at the same time local presence is a key,” says Lisa Rowan, program director HR, Talent and Learning Strategies for IDC. “Taleo’s acquisition of Jobpartners will offer them that local capability in Europe and a host of well-known global brand clients.”
Jobpartners cloud-based solutions help organizations effectively attract, connect, develop and retain the quality people they need to remain competitive in today’s global business environment. Jobpartners provides talent management solutions to global customers such as Carrefour, Deutsche Post DHL, Nationwide, Nike EMEA, Rabobank and Xerox. Jobpartners solutions are available in more than 50 countries across all industries and in 28 languages.
Details Regarding the Proposed Jobpartners Acquisition
Taleo will acquire Jobpartners for approximately $38 million in cash. The acquisition has been approved by Jobpartners board of directors and is expected to close in the quarter ending September 30, 2011 subject to customary closing conditions.
Additional details and information about the terms and conditions of the acquisition will be available in a current report on Form 8-K to be filed by Taleo with the United States Securities and Exchange Commission.
The acquisition of Jobpartners is expected to add approximately $2-3 million to Taleo’s GAAP revenue and $5-6M to its non-GAAP revenue in 2011. The acquisition is expected to be dilutive to GAAP earnings per share and neutral to non-GAAP earnings per share in 2011. Taleo expects to provide an updated financial outlook for its fiscal third quarter and full year 2011 during the quarterly earnings call.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
May 21, 2011
New CMO Brings Extensive Leadership Experience and Proven Record of Success
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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that Heidi Melin, a recognized technology industry marketing veteran with more than 20 years of corporate and agency experience, has been named Taleo’s new Executive Vice President and Chief Marketing Officer. Melin brings extensive leadership experience and a proven track record of developing and executing successful, award-winning programs that deliver bottom-line results.
“Maintaining our reputation as the talent management leader requires focus on building and extending our brand in a cohesive fashion across our organization and continuing to bring value to our customers,” said Michael Gregoire, Chairman and Chief Executive Officer at Taleo. “Heidi’s rich experience and expertise in technology marketing will enhance Taleo’s ability to drive growth in key areas and solidifies our global leadership across all areas of talent management. We are thrilled to add Heidi to the company’s executive team.”
Prior to joining Taleo, Melin served as CMO at Polycom where she contributed significantly to Polycom revenue growth and recognition as a player in unified communications. Prior to Polycom, Melin was the CMO for Hyperion Solutions, where she developed the brand strategy that led to the implementation of a revitalized Hyperion brand, and a corporate re-positioning initiative which contributed to its recognition as a leader in two Gartner Magic Quadrants and IDC’s 2006 Marketing Performance Matrix.
Before Hyperion, Melin ran marketing services at PeopleSoft for close to a decade. From advertising initiatives and demand generation programs, to web marketing and the annual user conference, Melin improved brand awareness, increased lead conversion rates and streamlined expenses.
“I am excited to be joining the market leader in talent management. Taleo’s proven success positions the company in an industry with significant market potential,” said Melin. ”In today’s environment, companies are increasing their emphasis on talent management as a growth driver, which substantiates Taleo’s sharp focus on developing and retaining key talent”
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, com, HCM, Heidi Melin, HR Systems, HR Technology, HRchitect, Human Capital Management, Learn, learning, Matt Lafata, Michael Gregoire, Performance, Recruiting, sourcing, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
May 5, 2011
Record Quarterly Non-GAAP Revenue of $74.3 million, up 35% Year-Over-Year; Non-GAAP Subscription Revenue of $60.1 Million, up 26% Year-Over-Year; Current Deferred Revenue Rose to a Record $105.0 million, up 34% Year-Over-Year; Added Over 240 New Customers With 8 Transactions of $250,000 or Greater
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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand Talent Management solutions, today announced record-setting results for its fiscal first quarter 2011.
“Our results consistently demonstrate what our customers already know — we’re redefining the talent management market and how businesses leverage their largest asset, their people,” said Michael Gregoire, Taleo’s Chairman and CEO. “Our momentum is based on a keen understanding of our customers — from the small, emerging business to the global corporation. We’re innovating, executing and, where necessary, acquiring to make sure we have the broadest, most comprehensive platform in the market. Our undisputed leadership in talent management and the rapid growth of our customer base are testaments to the success of our strategy.”
Taleo delivered the following results for the first quarter 2011:
First Quarter Revenue: Total revenue for the first quarter was $71.5 million, an increase of 30% on a year-over-year basis. Subscription revenue for the first quarter was $58.4 million, an increase of 23% on a year-over-year basis. Professional services revenue for the first quarter was $13.1 million, an increase of 75% on a year-over-year basis.
Total first quarter non-GAAP revenue was $74.3 million, an increase of 35% on a year-over-year basis. Non-GAAP subscription revenue for the first quarter was $60.1 million, an increase of 26% on a year-over-year basis. Non-GAAP professional services revenues for the first quarter was $14.2 million, an increase of 90% on a year-over-year basis.
First Quarter Earnings / (Loss) per Share: First quarter net loss per share was $(0.05), compared to net income per fully diluted share of $0.02 a year ago.
Non-GAAP net income per fully diluted share was $0.23, compared to non-GAAP net income per fully diluted share of $0.16 a year ago.
An explanation of the non-GAAP measures used in this press release is included in the section below titled “Non-GAAP Financial Measures” and a reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables included as part of this press release.
Customers: In the first quarter, over 240 new businesses chose Taleo’s Talent Management solutions for recruiting, performance, learning and/or compensation management, including: Caterpillar, Inc., Phillips International, IDEX Laboratories, Fairmont Raffles Hotels, Motorola Mobility and Bentley Systems, Inc. A first quarter record 8 new contracts were of $250,000 or larger in first year subscription revenue, underscoring the market interest in larger, global deployments and in multiple component suite solutions.
Cash: Cash generated from operations for the first quarter was $15.6 million, up 36% year-over year. Total cash and cash equivalents finished the quarter at $145.8 million, a decrease of $90.9 million from the prior year, which includes approximately $135.5 million in net outflow from the company’s acquisitions of Learn.com and Cytiva.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
April 2, 2011
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.
If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, recently announced that it has been positioned in the Leaders quadrant of the 2011 Gartner Magic Quadrant for Employee Performance Management Software.
Gartner defines EPM (Employee Performance Management) as software that includes performance appraisal management, goals and objective management, succession management and compensation management solutions. The EPM Magic Quadrant analyzes vendors offering these solutions in terms of their completeness of vision and proven ability to deliver on that vision.
Taleo purposefully designed its solutions with the goal of transforming talent management from an HR process to a business process.
By focusing on making its solutions “everyday easy” for business users, Taleo is changing the traditional performance management process by creating continuous dialogue between managers and employees to help companies connect their strategy to the way they manage talent. This unique approach is driving phenomenal market adoption. Taleo’s EPM solutions are now used by more than 1.4 million people at 330+ companies of all sizes worldwide. Further, Taleo is increasingly selected as the solution of choice for some of the world’s largest financial, consulting, retail and communications organizations with anywhere from 25,000 to 280,000+ employees.
“We’re honored to be selected as a leader in EPM by Gartner. Taleo has the industry’s broadest, best in class Talent Management suite, spanning recruiting, performance, succession planning, learning and compensation management,” said Michael Gregoire, Taleo’s Chairman and CEO. “With growing organizational focus on talent as the most important corporate asset, companies of all sizes value our performance management solution as part of our broader offering for delivering Talent Intelligence on their people. This insight, in turn, drives better decisions and better business results.”
The Magic Quadrant takes market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation and geographic strategy into account when evaluating completeness of vision. Ability to execute is evaluated based on product/service, overall viability, sales execution/pricing, market responsiveness and track record, marketing execution, customer experience and operations.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
March 30, 2011
Social Learning Portals and Collaboration Technology Deliver Deep Value to Millions of Users
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.
If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that millions of users are realizing the value of Talent Intelligence and the benefits of an integrated learning and performance management solution to drive business results. A key element of this customer success comes from Taleo’s unique ability to satisfy customers’ core LMS needs as well as their emerging social learning aspirations.
One of the many customers achieving these successful results is Vi, formerly Classic Residence by Hyatt, a leading national provider of senior living and care. The organization distinguishes itself from other senior-living companies by striving to deliver a high level of personalized service and quality care to its residents. Training plays a key role in engaging employees to deliver on the company’s service commitment. The introduction of a state-of-the-art online university has significantly expanded learning opportunities throughout the company, while reducing training costs and providing employee training resources that boost employee development opportunities and preparation for advancement.
“As the virtual, boundary-free classroom experience evolves, employees will take an increasingly active role in contributing and leading the learning experience. Vi leverages Taleo’s blog functionality, RSS feeds, and YouTube within our learning management system, E-Campus, to engage our learners. We’ve also taken advantage of Taleo’s unique customizable micro-learn centers to enable our functions within the company to create their own unique and relevant learning experience,” said Judy Whitcomb, Senior Professional in Human Resources, AVP – Learning and Organizational Development, of Vi. “This, along with strong internal marketing and communications, has contributed to over 1,000 percent increase in E-Campus utilization over the last several years and employee engagement.”
With Taleo, customers can leverage robust LMS features including certifications, compliance, CEU management, instructor-led training management, curriculum development, virtual classroom integrations, and web-based training. Taleo customers also benefit from an industry-leading library of over 30,000 web-based training titles developed by internationally recognized content developers.
In addition to these core LMS features, Taleo Learn also includes sophisticated social features that enable organizations to share expertise:
- Through its unique Sub-Learn Center technology, Taleo Learn enables customers to create an unlimited number of collaborative spaces where employees can share expertise, share files and network with one another around corporate initiatives, formal training events, or specific business topics.
- With its portal technology, Taleo Learn supports many of the key features of a wiki. It also enables the embedding of external content via RSS feeds, YouTube videos, and widgets, providing a way for organizations to aggregate internal and external expertise into a central portal.
- In addition to its architectural support for collaboration, Taleo Learn includes features designed to capture and share organizational knowledge in a general way — discussion forum technology, ratings and reviews, social networking, and support for file sharing, including the sharing of video and audio files.
These social features can support formal learning activities, or they can be used “stand-alone” to support more general collaboration needs, both within the enterprise and within the extended enterprise. By mixing and matching formal and social features in their learning portals, customers can design tailored experiences for different learner populations and can continually evolve this blend to solve their changing needs over time.
“We’re at an inflection point in how people learn in the workplace,” said Michael Gregoire, CEO of Taleo. “As we move toward social learning and enterprise collaboration, it’s important to remember that organizations still need LMS solutions to satisfy complex regulatory and compliance reporting requirements as well as the delivery of more traditional learning such as instructor-led training, which still accounts for more than 50% of the training in large enterprises. With Taleo Learn, our customers get the best of both worlds: an industry-leading LMS and robust social learning capabilities.”
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learn, learning, LMS, Matt Lafata, Michael Gregoire, Performance Management, Recruiting, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
March 9, 2011
Product Line Reaches New Highs in Growth, Customer Wins and Analyst Ratings
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.
If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced Taleo’s Performance Management suite of products is breaking records in every aspect of the business. Taleo Performance provides Talent Intelligence that gives executives new insight and visibility into their people, allowing employers to align their people strategies with their business objectives.
As the only vendor to offer a full suite of talent management software solutions, Taleo is achieving tremendous momentum in its Performance Management product line. Taleo’s modern architecture, and focus on the business user’s needs is driving selection of Taleo as the solution of choice by some of the world’s largest financial, consulting, retail and communications organizations. The provision of performance management and goals functionality as part of a unified suite of talent management capabilities that also includes Recruiting and Development was also a key factor in their decision. Many of these customers are making strategic commitments to Taleo with enterprise-wide investments in Taleo Performance, resulting in over 1.4 million new licensed users.
“2010 was a breakthrough year in defining our suite approach and the success and momentum in Performance Management was a huge catalyst,” said Michael Gregoire, Chairman and Chief Executive Officer of Taleo. “We opened the year with one of the industry’s largest PM deals ever with Bank of America and continued replacing or beating our competition around the globe quarter after quarter at DHL, Specialized Bike, Pixar and Alcatel Lucent to name a few. Our unique user-centric approach to Performance Management and Talent Intelligence gives executives insight into their people that they have never had before.”
Analyst Ratings
Taleo was recognized by IDC for having the most comprehensive Talent Management product strategy in the industry. This research validates the strength of Taleo’s Performance Management products as a key part of Taleo’s broader suite of Talent Management products. IDC Program Director for HR and Talent Management Services, Lisa Rowan, wrote: “Taleo is again a market leader in this analysis this year, with strengths in many areas including depth of capability of the individual talent functions, a robust partner ecosystem, strong brand recognition, global reach and a track record of innovative R&D.” Ms. Rowan also writes, “The business imperative to tie talent management strategies to business objectives and outcomes has created a market category for integrated talent management solutions.” IDC’s research underscores the value in a tightly integrated solution that combines performance management with compensation, learning and recruiting. Taleo is the only vendor in this report to provide industry leading capabilities in all four of these areas.
New Product Innovation
Taleo’s Performance Management suite is consistently beating the competition because of its modern architecture that transforms performance management from an annual exercise to an ongoing dialogue that leverages social media, email and mobile technologies. In particular, customers value features like Taleo Inbox that allow employees to provide feedback and update goal plans directly from within Microsoft Outlook and Lotus Notes.
“With Taleo, RSC now has the ability to identify and develop future leaders using talent profiles and succession plans. Company leadership is talking about future leaders on a quarterly basis. It’s now part of our culture,” said Linda Luman, Vice President of Human Resources, RSC Equipment Rental.
In the latest release issued this month, Taleo continues this innovation with new embedded analytics and visualization tools that allow managers to quickly segment and benchmark pools of employees. Now managers can create plans to develop, retain and engage employees to ensure that they have the talent they need to drive their business. This new functionality also helps managers build a true picture of employee performance so that high performers are appropriately recognized and rewarded.
In addition to these advances, Taleo is building out its performance management suite with enhancements to matrix management and 360 degree feedback and tighter integration with Taleo Learn.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, IDC, Kevin Marasco, Learn.com, learning, Lisa Rowan, Matt Lafata, Michael Gregoire, Performance Management, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
February 9, 2011
Record Quarterly Non-GAAP Revenue of $71.2 Million, up 41% Year-Over-Year; Non-GAAP Application Revenue of $57.8 Million, up 30% Year-Over-Year; Record Full Year GAAP Revenue of $237.3 Million, up 20% Year-Over-Year; Non-GAAP Revenue of $241.8 Million, up 21% Year-Over-Year
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.
If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand Talent Management solutions, today announced record-setting results for its fiscal fourth quarter and the year ended December 31, 2010, completing a year of break-through performance.
“Taleo’s Talent Intelligence value proposition — providing insight for organizations to better know their people and grow their business — is putting talent management at the front of the business agenda,” said Michael Gregoire, Chairman and CEO of Taleo. “Our performance in 2010 reflects tremendous market adoption of our talent management suite of Recruiting, Performance, Compensation and Learning wrapped around powerful analytics.”
Taleo delivered the following results for the fourth quarter and full year 2010:
Fourth Quarter Revenue: Total revenue for the fourth quarter was $67.2 million, an increase of 33% on a year-over-year basis. Application revenue for the fourth quarter was $55.2 million, an increase of 24% on a year-over-year basis. Services revenue for the fourth quarter was $12.0 million, an increase of 101% on a year-over-year basis.
Total fourth quarter non-GAAP revenue was $71.2 million, an increase of 41% on a year-over-year basis. Non-GAAP application revenue for the fourth quarter was $57.8 million, an increase of 30% on a year-over-year basis. Non-GAAP services revenues for the fourth quarter was $13.4 million, an increase of 123% on a year-over-year basis.
2010 Revenue: Total revenue for the full year 2010 was $237.3 million, an increase of 20% on a year-over-year basis. Application revenue for the full year 2010 was $199.3 million, an increase of 15% on a year-over-year basis. Services revenue for the full year 2010 was $38.0 million, an increase of 52% on a year-over-year basis.
For the full year 2010, the company reported Non-GAAP revenue of $241.8 million, an increase of 21% from the prior year. Non-GAAP application revenue for the full year 2010 was $202.4 million, an increase of 16% on a year-over-year basis. Non-GAAP services revenue for the full year 2010 was $39.3 million, an increase of 58% on a year-over-year basis.
Fourth Quarter Earnings per Share: Fourth quarter loss per share was $(0.02), compared to net income per fully diluted share of $0.13 a year ago. Non-GAAP income per fully diluted share was flat year-over-year at $0.23. The company’s non-GAAP results include amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for Worldwide Compensation and Learn.com, and exclude the effects of $3.9 million in stock-based compensation expense, $5.3 million in amortization of acquired intangibles, and $3.8 million in acquisition related transaction costs. GAAP fourth quarter EPS calculations are based on 40.3 million basic weighted average shares outstanding, while non-GAAP fourth quarter EPS calculations are based on 43.4 million fully diluted weighted average shares outstanding. The fully diluted weighted average shares outstanding used to compute non-GAAP earnings per share have been calculated without giving consideration to the treasury stock method.
2010 Earnings per Share: For the full year 2010, net income per fully diluted share declined to $0.01 from $0.04 a year ago. Non-GAAP net income per fully diluted share for the full year 2010 rose to $0.78 compared to $0.77 a year ago. The company’s non-GAAP results include amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for Worldwide Compensation and Learn.com, and exclude the effects of $14.9 million in stock-based compensation expense, $14.5 million in amortization of acquired intangibles, and $6.8 million in acquisition related transaction costs. GAAP full year 2010 EPS calculations are based on 40.9 million fully diluted weighted average shares outstanding, while non-GAAP full year 2010 EPS calculations are based on 43.0 million fully diluted weighted average shares outstanding. The fully diluted weighted average shares outstanding used to compute non-GAAP earnings per share have been calculated without giving consideration to the treasury stock method.
Customers: In the fourth quarter, 304 new businesses chose Taleo’s Talent Management solutions for recruiting, performance, learning and/or compensation management, including: DHL Global, Panda Restaurant Group, Southern California Edison, St. Joseph Health systems and Universal City Studios. A record 16 new contracts in the fourth quarter were larger than $250,000 in first year application revenue, underscoring the market interest in larger, global deployments and in multiple component suite solutions. The performance management product line performed exceptionally well with a record 57 transactions in our fourth quarter and over 170 transactions in 2010.
Cash: Cash from operations for full year 2010 was $35.8 million, down 29% from $50.7 million in 2009. Cash flow from operations was down in 2010 due primarily to the impact of operating liabilities assumed in our 2010 acquisitions of Worldwide Compensation and Learn.com, and the timing of fourth quarter 2010 billings. Total cash and cash equivalents finished the year at $141.6 million, a decrease of $102.6 million from the prior year, which includes approximately $137.5 million in net outflow from the company’s acquisitions of Worldwide Compensation and Learn.com in 2010.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: compensation, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Learn.com, learning, Matt Lafata, Michael Gregoire, Performance, Recruiting, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
February 1, 2011
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.
If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
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.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
December 17, 2010
CedarCrestone Research Finds 94% Customer Satisfaction; Enterprises Average $4.7 Million in Total ROI With Taleo; Taleo’s Learn.com Solution Continues to Gain Momentum With Strong Customer Satisfaction
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 early 2010.
If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced high customer satisfaction for its Talent Management software suite, its service and support, and the access it provides to customers and partners through Taleo’s Talent Grid™ Cloud services community. Taleo customers provided these responses across two recent surveys: the Taleo Value and Customer Satisfaction Study by CedarCrestone, 2010, and the Talent Management Systems Customer Satisfaction 2011 report by Bersin & Associates.
These surveys determined a correlation between increased levels of satisfaction and broader product usage over the customer lifecycle with Taleo. For example, the Cedar Crestone survey found that customers using both Taleo Performance Management and Recruiting products are more likely to have increased quality of hires with significantly higher employee retention rates. Further, comments from the survey of more than 250 Taleo customers include:
“The knowledge and expertise found with the Taleo staff is outstanding. They are excellent business partners in helping us achieve our business goals.”
- “Taleo is very responsive to questions and issues. The service we receive is of the highest quality.”
- “I have been impressed with the timely response we receive when we have a question, and the willingness to find a solution to meet our needs.”
- “Taleo gets it! They have the right product offerings to meet our business and strategic goals. They provide excellent support and they give us the opportunity to partner with other customers to share best practices.”
- “Taleo is a mature company with excellent technology and an aggressive product roadmap. They have the full suite of Talent Management products to support our move to a single platform.”
“I have been doing surveys for over 25 years and it’s refreshing to see an energized and engaged customer base provide a 55% response level, making these results truly representative of Taleo’s customer base,” said Alexia Martin, Director of Research & Analytics at CedarCrestone. “While some customers had constructive criticism, by far customer responses indicated a high level of satisfaction and appreciation for Taleo’s products and services.”
The Bersin report which rates Taleo for outperforming in delivering customer satisfaction, cites that customers are not interested in point solutions and are migrating to integrated suite solutions that align with their talent strategies.
With the October 1 acquisition of Learn.com, also rated as outperforming in the Bersin analysis, Taleo is the only public company to offer best-in-class solutions across the critical components of a talent-optimized organization — recruiting, performance management, compensation and learning to its customers and their broader ecosystem of customers, suppliers, partners and resellers.
“Taleo’s ability to outperform in delivering customer satisfaction this year demonstrates the company’s continued focus on service and support during rapid growth,” said Josh Bersin, President and CEO, Bersin & Associates. “The company has demonstrated the ability to innovate, expand its market presence, and still stay focused on customer success.”
Other benefits of Taleo’s customer engagement focus include:
- Taleo enterprise customers surveyed are seeing the equivalent of a total return on investment of $4.7 million, factoring in: process savings as well as savings from a 14% decrease in time to hire and 10% reduction in cost of hiring.
- Customers using both Taleo Recruiting™ and Taleo Performance™ report 10% better quality in their hires (67% vs. 57%) and 38% better employee retention (62% compared with 24%).
- Taleo enjoys more than a 95% annual customer renewal rate. The survey found a correlation between increased levels of satisfaction with each additional year of partnership with Taleo. Customers that have been using Taleo solutions for three or more years are 5% more satisfied than companies that have been with Taleo for less than a year.
“We have had a phenomenal year due to our close partnership with our customers, helping them gain a competitive advantage through better Talent Intelligence. This year’s momentum is an indication that enterprises are responding positively to our offerings and our role as a trusted advisor,” said Michael Gregoire, Chairman and CEO of Taleo. “We are dedicated to our customers’ success and will continue to provide value, maintain impeccable service and offer new ways to help them grow through our talent management solutions.”
To view the CedarCrestone study, please visit: http://www.taleo.com/report/2010-taleo-value-and-customer-satisfaction-study
To view the Talent Management Systems Customer Satisfaction 2011: Executive Summary, please visit: http://marketing.bersin.com/CSat2011.html. The full report will be available at the end of this month. For more details, go to http://www.bersin.com/Store/details.aspx?docid=103313482
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Alexia Martin, Bersin, cedar crestone, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Kevin Marasco, Learn.com, Matt Lafata, Michael Gregoire, Performance Management, Recruiting, Talent Acquisition, Taleo, WebMingle | Permalink
Posted by mattlafata
October 28, 2010
Record Total Revenue of $58.7 Million; 31% Year-Over-Year Increase in Application Business Signed; Added 197 SMB Customers; 31% Increase Year-Over-Year
HRchitect featured Taleo in our May 2008 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. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
Taleo Corporation, the leading provider of on-demand talent management solutions, today announced its financial results for the quarter ended September 30, 2010.
“Smart organizations are mapping their business plans to parallel talent plans, ensuring they have the right people aligned to roles for both current and future business needs,” said Michael Gregoire, Chairman and Chief Executive Officer of Taleo. “Businesses recognize the need to know their people in order to grow their businesses and that requires better Talent Intelligence. Our third quarter results show the growing need for our unique blend of products and ecosystem.”
Taleo’s third quarter market momentum included:
– Launch of two, easy-to-use, cloud-based analytics products, Taleo Insight(TM) for small and medium-sized businesses and a new version of Taleo Analytics(TM) for larger enterprises.
– Crossed a market adoption milestone, surpassing more than one million performance management and compensation users under contract.
– Acquisition of Learn.com, a leading next generation provider of social and formal learning solutions. With Learn.com, Taleo becomes the industry’s only company to offer best-in-class solutions across all four pillars of a talent-optimized organization: recruiting, performance, compensation and learning management.
– Hosting 1,200 industry leaders in talent management at the company’s annual global user forum, Taleo World, September 13-16 in Chicago. The agenda included perspectives on talent from General Colin Powell and Proctor and Gamble’s A.G. Lafley.
Financial and customer highlights in the third quarter included:
– Total revenue of $58.7 million, an increase of 16% year-over-year;
– Cash flow from operations of $15.4 million; total cash at $264 million as of September 30, 2010;
– Signed 214 new customers, including 17 new Taleo Enterprise customers and 197 new Taleo Business Edition customers;
– Closed 4 large enterprise transactions with average annual contract values in excess of $250,000;
– New customers included: Chipotle Mexican Grill, Cummins, Corinthian Colleges, Gate Gourmet Switzerland GmbH, Gefco, RHODIA, Epic Systems, Information Experts, KPMG LLP, MSC Industrial, Skype, Thomas & Betts Corporation and Winn-Dixie Stores; and
– Existing customers who chose to expand their Talent Management set of solutions with Taleo included: AT&T, Hitachi Data Systems, Phoebe Putney Memorial Hospital, and Total System Services, Inc.
Taleo delivered the following financial results for the third quarter of 2010:
Revenue: Total revenue for the third quarter was $58.7 million, an increase of 16% on a year-over-year basis. Application revenue for the third quarter was $48.6 million, an increase of 8% on a year-over-year basis. Services revenue for the third quarter was $10.1 million, an increase of 72% on a year-over-year basis.
Net Income and Net Income Per Share to Common Stockholders: Net income was $1.6 million for the third quarter, compared to a net loss of $(1.1) million for the same period last year. Net income for the third quarter of 2010 includes $3.0 million in amortization expense related to acquisitions, $2.1 million in acquisition-related transaction costs, and $4.2 million in stock-based compensation expense. Net income per diluted share was $0.04 for the third quarter, based on 41.0 million weighted average shares outstanding, compared to a loss per share of ($0.04) for the same period last year, based on 30.9 million weighted average shares outstanding.
Non-GAAP Net Income and Non-GAAP Net Income Per Share to Common Stockholders: Non-GAAP net income was $11.0 million for the third quarter, compared to non-GAAP net income of $6.7 million for the same period last year. Non-GAAP net income includes amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for Worldwide Compensation, and excludes acquisition-related transaction costs, stock-based compensation expense, amortization of acquired intangibles, and the write-off of the Worldwide Compensation purchase option. Non-GAAP net income per fully diluted share was $0.25 for the third quarter based on 43.2 million fully diluted weighted average shares outstanding, compared to non-GAAP net income per fully diluted share of $0.20 for the same period last year based on 33.9 million fully diluted weighted average shares outstanding. The fully diluted weighted average shares outstanding used to compute non-GAAP net income per share have been calculated without giving consideration to the treasury stock method.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: compensation, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Kevin Marasco, learning, Matt Lafata, Michael Gregoire, Performance Management, Recruiting, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
September 1, 2010
Extends Talent Management Breadth; Powers Social and Formal Learning
HRchitect featured Taleo in our May 2008 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. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced it has signed a definitive agreement to acquire strategic partner Learn.com, Inc. for approximately $125 million in cash.
With the acquisition, Taleo will extend its Talent Management suite, becoming the only public vendor to offer best-in-class solutions across the four critical components of a talent-optimized organization: recruiting management to source, assess and acquire talent; performance management to establish goals and create career and succession plans; compensation management to establish a true “pay-for-performance” process between corporate objectives and individuals’ contributions; and now learning management to support social and formal development.
Learn.com is a leading next generation provider of SaaS learning management solutions, a market estimated to be $1 billion in 2011 according to Bersin & Associates. Its software enables businesses to more seamlessly develop, deliver and manage education and training to help employees, customers and partners reach their full potential. Learn.com’s social learning and web conferencing features also enable companies to build collaborative learning and knowledge sharing solutions, which are among the fastest growing applications in employee development today.
Learn.com’s solutions are in use today with more than 500 global companies of all sizes, and support up to 200,000 users per customer, with about two million end users worldwide.
“The Learning Management Systems market is now entering a new growth phase — one supporting social, collaborative, and informal learning solutions,” said Josh Bersin, President and CEO of Bersin & Associates, a leading research and advisory services firm.
“Through its acquisition of Learn.com, Taleo now has the opportunity to take a strong position in this market and deliver an integrated end-to-end platform which integrates recruiting, performance management, compensation, and learning into a complete SaaS solution.”
Taleo and Learn.com have been strategic partners since September 2009, bringing to market a unique social and formal learning offering that helps companies to better leverage their internal social networks to share institutional expertise. More than 56 companies across a variety of industries have selected the Taleo and Learn.com solutions, including: Newell-Rubbermaid, Swift Transportation, and CPS Energy. Further, more than a third of Taleo’s suite sales opportunities include interest in a learning management solution.
“We’ve been impressed with the forward-thinking approach to learning from Taleo and Learn.com,” said Mike Perkins, Senior Manager of Learning Technologies at Newell-Rubbermaid. “With their help, we are powering robust, interactive and scalable social learning options for our teams that include video podcasts and development portals so that we can engage them in learning, where and when they need it. We look forward to partnering with the combined organization moving forward.”
“As businesses transform to ignite growth, they can’t afford to create a knowledge gap between the skills they have in their teams and the skills they need to drive business,” said Michael Gregoire, Chairman and CEO of Taleo. “Learn.com’s social learning and collaborative functionality makes it easier to close that gap. We are pleased to add best-in-class technology, staff and customers from Learn.com to enable enterprises with a total talent management solution to achieve greater performance.”
Under the terms of the agreement, Taleo will pay approximately $125 million in cash for all of the outstanding capital stock of Learn.com, subject to deductions of approximately $1.6 million for certain specified items and subject to further adjustment for third party expenses. In addition, Taleo will offer up to $2 million of interim financing in connection with the acquisition, and such amounts, if any, drawn down by Learn.com and outstanding as of the closing of the transaction will be deducted from the purchase price. The acquisition is subject to customary closing conditions, including regulatory approval, and is expected to be completed prior to the end of the fourth quarter of 2010.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Bersin, HCM, HR, HR Systems, HR Technology, HRchitect, Human Capital Management, Learn.com, Learning Management, LMS, Matt Lafata, Michael Gregoire, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
July 28, 2010
Record Application Revenue of $47.9 Million; Closes Multi-Million Dollar Performance Management Contract Supporting 140,000 Users; Adds Over 200 New SMB Customers; 55% Increase Year-Over-Year
HRchitect featured Taleo in our May 2008 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. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced its financial results for the quarter ended June 30, 2010.
“Businesses need insight on their people to power growth, and they are turning to Taleo to provide the software solutions and perspective needed to gain that insight,” said Michael Gregoire, Chairman and Chief Executive Officer of Taleo. “Our second quarter results are further validation that our Talent Intelligence framework is delivering value to nearly 4,700 companies around the world and is helping those customers power their businesses.”
Second quarter highlights included:
– Revenues of $56.3 million, an increase of 14.6% year-over-year.
– Cash flow from operations of $9.9 million; with total cash of $244.9 million at June 30, 2010.
– Signed 226 new customers, including 18 new Taleo Enterprise customers and 208 new Taleo Business Edition customers.
– Closed 8 large enterprise deals with annual contract values in excess of $250,000.
– Significantly, the largest transaction for the quarter was a multi-million dollar sale of Performance Management to support more than 140,000 employees for an existing Recruiting customer that is one of the world’s largest professional services firms.
Second quarter customer momentum included the addition of the following new customers:
– ASRC Federal Holding Company, Brinker International, Carnegie Mellon University, LG Electronics, LLC, Cooper-Standard Holdings Inc., Miami Children’s Hospital, Starplex Cinemas, The Reinalt-Thomas Corporation, Samsung Telecommunications America LLC, Savannah River Nuclear Solutions, Skyy Spirits, and Warner Music Group.
– Existing Taleo customers that chose to add Taleo solutions to their Talent Management suites included: Adobe Systems Incorporated, Magellan Health Services Inc., and Swissport USA Inc.
Taleo delivered the following financial results for the second quarter of 2010:
Revenue: Total revenue for the second quarter was $56.3 million, an increase of 14.6% on a year-over-year basis. Application revenue for the second quarter was $47.9 million, an increase of 11.7% on a year-over-year basis.
Net Loss and Net Loss Per Share to Common Stockholders: Net loss was $(1.4) million for the second quarter, compared to a net loss of $(0.1) million for the same period last year. Net loss for the second quarter of 2010 includes $3.2 million in amortization expense related to acquisitions, and $3.7 million in stock-based compensation expense. Net loss per share was $(0.04) for the second quarter, based on 39.4 million weighted average shares outstanding, compared to approximately breakeven for the same period last year, based on 30.4 million weighted average shares outstanding.
Non-GAAP Net Income and Non-GAAP Net Income Per Share to Common Stockholders: Non-GAAP net income was $6.1 million for the second quarter, compared to non-GAAP net income of $5.5 million for the same period last year. Non-GAAP net income includes amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for the Worldwide Compensation and Vurv acquisitions, and excludes costs associated with our 2009 restatement-related revenue review, acquisition related transaction costs, stock-based compensation expense, amortization of acquired intangibles, and the gain on re-measurement of a previously held interest in Worldwide Compensation. Non-GAAP net income per fully diluted share was $0.14 for the second quarter based on 42.7 million fully diluted weighted average shares outstanding, compared to non-GAAP net income per fully diluted share of $0.17 for the same period last year based on 32.6 million fully diluted weighted average shares outstanding.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HRchitect, Human Capital Management, Kevin Marasco, Matt Lafata, Michael Gregoire, Performance Management, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
April 29, 2010
HRchitect featured Taleo in our May 2008 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. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
Taleo Corporation , the leading provider of on-demand talent management solutions, today announced its financial results for the quarter ended March 31, 2010.
“This quarter was a testament to a theme we are seeing across our customers’ businesses: talent equals growth,” said Michael Gregoire, Chairman and Chief Executive Officer of Taleo. “As businesses move from cost-cutting to growth, they want insight to find and align the right people with the right initiatives. Customers and prospects alike are embracing Taleo’s talent management solutions to provide that insight and drive their growth strategies.”
First quarter highlights included:
– Revenues of $55.0 million, an increase of 14.5% year-over-year.
– Application revenue of $47.6 million, an increase of 15.4% year-over-year.
– Net income of $0.8 million, or $0.02 per fully diluted share.
– Non-GAAP net income of $6.9 million, or $0.16 per fully diluted share, an increase of 22.0% year-over-year.
– Cash flow from operations of $11.4 million.
– Signed 260 new customers, including 19 new Taleo Enterprise customers and a record 241 new Taleo Business Edition customers.
– Closed 5 large enterprise deals with annual contract values in excess of $250,000.
– Closed largest contract in Taleo’s history for Talent Management suite, through a contract with Hewitt Associates. The contract expands an existing Taleo Recruiting relationship to include Taleo Performance Management.
– Closed acquisition of Worldwide Compensation, Inc. on January 1, 2010, adding compensation management to suite of unified talent management solutions.
First quarter customer momentum included:
– New enterprise customers included: Board of Regents of the University System of Georgia, Brady Corporation, CareFusion 303, Inc., Cincinnati Children’s Hospital Medical Center, DAL Global Services — a Delta Airlines company, HealthSouth Corporation, Kwik Trip, Lance, Inc., Outback Steakhouse, RS Components, UNC Healthcare System, United Supermarkets L.L.C., and the University of Otago.
– Existing enterprise customers also chose Taleo to build out their suite of Talent Management solutions including: RTI International and National Heritage Academies, which have added Taleo Performance Management, and CDW, which completed its suite with Taleo Compensation this quarter.
– New small and medium-sized customers (companies with up to 5,000 employees) included: Bubba Gump, Grand Sierra Resort and Casino, Konica Minolta Systems Lab, NASDAQ, New Look Retailers, Paddy Power and Specialized Bikes. New Talent Management suite customers in this segment include: Capital Care Medical Group, HW Lochner, Jefferson Regional Medical Center, McNeil Technologies, and Teknika HBA.
Taleo delivered the following financial results for the first quarter of 2010:
Revenue: Total revenue for the first quarter was $55.0 million, an increase of 14.5% on a year-over-year basis. Application revenue for the first quarter was $47.6 million, an increase of 15.4% on a year-over-year basis.
Net Income (Loss) and Net Income (Loss) Per Share to Common Stockholders: Net income was $0.8 million for the first quarter, compared to a net loss of $(2.1) million for the same period last year. Net income for the first quarter of 2010 includes $3.1 million in amortization expense related to acquisitions, and $3.2 million in stock-based compensation expense. Net income per fully diluted share was $0.02 for the first quarter, based on 40.3 million fully diluted weighted average shares outstanding, compared to a net loss per share of $(0.07) for the same period last year, based on 30.3 million weighted average shares outstanding.
Non-GAAP Net Income and Non-GAAP Net Income Per Share: Non-GAAP net income was $6.9 million for the first quarter, compared to non-GAAP net income of $5.6 million for the same period last year. Non-GAAP net income includes amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for the Worldwide Compensation and Vurv acquisitions, and excludes costs associated with our 2009 restatement-related revenue review, acquisition related transaction costs, stock-based compensation expense, amortization of acquired intangibles, and the gain on remeasurement of a previously held interest in Worldwide Compensation. Non-GAAP net income per fully diluted share was $0.16 for the first quarter based on 42.4 million fully diluted weighted average shares outstanding, compared to non-GAAP net income per fully diluted share of $0.18 for the same period last year based on 31.2 million fully diluted weighted average shares outstanding.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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