February 22, 2012
Latest Release of Taleo Enterprise Adds a Retooled User Interface That Simplifies and Unifies Access to Talent Intelligence and New Capabilities for Learning
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 15 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 unveiled the latest release of Taleo Enterprise, which gives organizations powerful new ways to source top performers and develop them into the next generation of leaders. Taleo also redesigned the user interface of its popular enterprise-class Talent Management suite. The result is a simple, unified environment that makes it easy to access talent intelligence across all Talent Management dimensions, from recruiting and learning to performance management and succession planning.
“This latest release of Taleo Enterprise delivers a new set of tools built into a newly unified user experience. Taleo continues to aggressively enhance its Talent Management platform to help companies attract and engage top talent, build better teams and optimize development strategies,” said Jason Blessing, executive vice president of products at Taleo. “Organizations across the globe continue to realize that talent has become a strategic weapon for corporate success.”
Key highlights of the latest release include enhancements to sourcing, learning and ease of use.
Taleo Recruiting helps keep pipelines filled with qualified candidates
Taleo Recruiting incorporates new features that help organizations proactively build pipelines filled with qualified candidates. With new contact management tools, organizations can reach beyond the existing application pool to source and pre-qualify top prospects before they become active candidates. Enhanced support for talent pipelines enable recruiters to continuously engage qualified talent before hiring needs become critical. Sourcing internal candidates is also easier because Taleo has streamlined access to internal talent pools and manager nominations. And managers can now assign preferred successors to open positions via Taleo’s improved Talent Browser.
“Taleo’s new pipeline management capabilities will enable us to proactively source business-critical candidates and to quickly hire and onboard exceptional talent, increasing business productivity,” said Keith Abernathy, manager of human resources for Moss Adams.
Taleo Learn reveals how development impacts performance
The new release includes improvements to Taleo Learn that address the crucial need for enterprises to find the most effective ways to develop top performers. For instance, Taleo provides faster access to relevant learning content and opportunities by giving employees, managers and HR practitioners the ability to search their organization’s learning catalog (based on the competencies they need to develop) and launch their learning activities directly from their development plans. Offering a vastly more comprehensive learning environment, Taleo links learning activities to specific goals and now includes learning histories in employee profiles. And to help managers better understand how learning impacts performance, Taleo now combines data from Taleo Learn, Taleo Performance and Taleo Recruiting into the world’s largest Talent Management data warehouse. Across the board, managers can rely on Taleo Learn to ensure their employees have the foundational, job-specific skills that lead to results.
Retooled interface unifies and simplifies the Taleo user experience
Anchoring the latest release of Taleo Enterprise is a redesigned user interface that streamlines the Taleo experience across all Talent Management modules, from recruiting to succession. The redesign includes new versions of the Talent Browser and Employee Snapshot, which combine to create a single place for managers and HR professionals to instantly gain a comprehensive view of their organization and their talent, and then take action to ensure they meet their business objectives. The Employee Snapshot is now available across multiple views — including Talent Pools, Succession Planning, and Talent Browser — so managers and HR staff can instantly access an employee’s most vital information without having to navigate to other pages. Throughout the suite, Taleo provides native reporting so users can pull data and generate reports on demand to immediately gather useful insights.
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
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Posted by mattlafata
February 10, 2012
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 15 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 results for its fourth quarter and fiscal year 2011.
Taleo delivered the following results for the fourth quarter and fiscal 2011:
Fourth Quarter Revenue: Subscription revenue for the fourth quarter was $70 million, an increase of 26% on a year-over-year basis. Professional services revenue for the fourth quarter was $15 million, an increase of 27% on a year-over-year basis. Total revenue for the fourth quarter was $85 million, an increase of 26% on a year-over-year basis.
Non-GAAP subscription revenue for the fourth quarter was $70.6 million, an increase of 22% on a year-over-year basis. Non-GAAP professional services revenues for the fourth quarter was $15.8 million, an increase of 18% on a year-over-year basis. Total fourth quarter non-GAAP revenue was $86.3 million, an increase of 21% on a year-over-year basis.
2011 Revenue: Total revenue for the full year 2011 was $309 million, an increase of 30% on a year-over-year basis. Subscription revenue for the full year 2011 was $257 million, an increase of 29% on a year-over-year basis. Professional services revenue for the full year 2011 was $59 million, an increase of 55% on a year-over-year basis. Total revenue for 2011 reflects a revenue reduction of $6.5 million recorded in the second quarter of 2011 related to the TSA settlement.
For the full year 2011, the company reported Non-GAAP revenue of $324 million, an increase of 34% from the prior year. Non-GAAP subscription revenue for the full year 2011 was $263 million, an increase of 30% on a year-over-year basis. Non-GAAP professional services revenue for the full year 2011 was $62 million, an increase of 57% on a year-over-year basis.
Fourth Quarter Loss per Share: Fourth quarter net loss per share was $(0.02), compared to a net loss per share of $(0.02) a year ago.
Non-GAAP net income per fully diluted share was $0.26, compared to non-GAAP net income per fully diluted share of $0.23 a year ago.
2011 Earnings per Share: For the full year 2011, net loss per share declined to $(0.35) from net income per fully diluted share of $0.01 a year ago. Non-GAAP net income per fully diluted share for the full year 2011 rose to $1.06 compared to $0.78 a year ago.
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HRchitect, learning, Matt Lafata, Oracle, Performance, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
February 9, 2012
Adds Leading Talent Management Cloud Offering to the Oracle Public Cloud
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 15 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!
Oracle today announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ: TLEO), a leading provider of cloud-based talent management for $46.00 per share or approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.
Together, Oracle and Taleo expect to create a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers. The combination is expected to empower employees and managers to effectively manage careers throughout their entire employment, enable organizations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members via social media.
The Board of Directors of Taleo has unanimously approved the transaction. The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions.
“Human capital management has become a strategic initiative for organizations,” said Thomas Kurian, Executive Vice President, Oracle Development. “Taleo’s industry leading talent management cloud is an important addition to the Oracle Public Cloud.”
“Taleo’s integrated cloud-based talent management solutions optimize how organizations hire, manage, develop and reward their employees and gives companies the intelligence needed to capitalize on their most critical asset — their people,” said Michael Gregoire, Chairman and CEO, Taleo. “Joining forces with Oracle gives us the opportunity to better serve our customers.”
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management, Workforce Management | Tagged: HCM, HR, HRchitect, Matt Lafata, Oracle, payroll, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
February 7, 2012
Taleo Calls on Businesses to ‘Look Within’ to Find the Right People to Drive Growth in Difficult Times
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 15 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, is heralding the InterContinental Hotels Group (IHG) as the front runner in global talent mobility, as the leading global hotel company looks to recruit 400,000 people over the next four years.
Promoting IHG as an example of best practice, Taleo is calling for employers to ensure that they have the ‘talent intelligence’ to mobilize and deploy their existing staff, rather than relying wholly on external recruitment drives. As the economic crisis continues to put financial pressure on companies of all sizes, an in-depth understanding of the skills and career aspirations of existing staff allows businesses to minimize recruiting and onboarding costs, while still filling the roles needed to support their objectives.
Already responsible for 4,500 hotels and 666,000 hotel rooms around the world, IHG is opening new locations at an average of one a day around the world. IHG boasts the industry’s largest hotel development pipeline, currently progressing 1,100 hotels (more than 180,000 rooms). This rapid expansion has created the positive challenge of ensuring that IHG has the right people in place to manage the growth, and over the next four years, the Group plans to hire around 400,000 people. By implementing Taleo Recruiting, IHG has the talent intelligence able to source, assess, hire and onboard the best talent.
“We need people who are brand aware — what we call ‘brand-hearted’ — who can deliver our vision to our customers and our team so that our hotels are successful,” says Claire Guberg, IHG’s Global Talent Systems Manager. “We believe that the best way of getting that level of awareness is to look internally for the key positions that we need around the globe. Taleo’s software allows us to create a pool of people that we can search to find out where in the world they would like to work, and within which functions, helping us to quickly check we’re approaching the right people when it comes to new opportunities.”
One of the primary ways that IHG helps drive internal mobility is with its biannual Careers Week. This event encourages existing IHG personnel — no matter their level or job function — to go into the Taleo system and create a profile. IHG’s Career Week makes a significant impact in collating the information they need to successfully manage their internal talent. The most recent event, held in September, saw 5,000 people across 89 countries create a profile — the highest number yet. IHG also found that increasing numbers of their staff would be comfortable applying for an internal opportunity and know how to do this.
In real terms, this is delivering a significant impact on the success of IHG’s internal mobility program. Internal hires of general manager vacancies have increased to 84 percent from 61 percent in 2010, supported by an increase from 10 percent to 26 percent for corporate roles and 7 percent to 8 percent for hotel vacancies.
Jason Blessing, Executive Vice President at Taleo, says, “IHG is one of the best examples of an organization using talent intelligence to drive talent mobility. They have put in place the processes and technology to ensure that managers are truly able to recruit from a global internal talent pool. The returns that the company has enjoyed as a result, in terms of reduced recruitment costs, better brand awareness and loyalty among employees and overall increases in productivity and profitability, are absolutely remarkable.”
Claire Guberg concludes, “In order to achieve business growth on the kind of scale that we’re looking at, you can’t handle the recruitment process manually — it would jeopardize the quality of the process and the candidate experience. Taleo Recruiting allows us to spend less time on managing the processes and more time being dynamic and proactive in how we recruit.”
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HRchitect, Jason Blessing, learning, Matt Lafata, Performance, Recruiting, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
January 31, 2012
“Social Recruiting” Continues to Drive Corporate Hiring
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 15 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 released a report summarizing the 2011 business climate and related talent management trends for 2012. After an extremely challenging and unpredictable 2011, businesses today operate in a market of thinner margins, lighter demand, credit and liquidity challenges and an uncertain outlook going into 2012. Talent decisions have taken on increased importance in the face of these challenges as companies failing to effectively manage the flow of critical talent are risking their growth and in some cases even their survival. Social networks, on the other hand, are growing increasingly important in the endeavor to identify new talent. Trends highlighted in the report include:
Continued economic uncertainty will increase focus on existing talent to drive growth and innovation.
The potential for recession and the debt crisis in Europe, as well as significantly reduced US government spending, suggests rough seas ahead. Yet corporate profits remain high and recent economic figures show early signs of growth in the US. In response, leading organizations are striving to be more agile and prepare for every eventuality. A key strategy will be to deepen the awareness and understanding of existing organizational talent.
As very few businesses expect to increase their workforce in 2012, they will rely more heavily on developing their current workforce for critical roles rather than hiring external talent. In evaluating whether they have the right people in the right positions to drive growth, many employers are finding that they lack the necessary data, processes, culture, and technology to deliver true insight into their most valuable company asset — employees. This lack of ‘talent intelligence’ will hold companies back and limit growth until it is addressed.
Taleo anticipates a key area of focus in 2012 will be on building out talent profiles. While talent management programs have historically focused on executives and senior management, 2012 will see a shift to include line managers and rank-and-file employees as businesses seek to better leverage talent throughout their organizations.
Significant increases in social recruiting.
The use of professional networks for sourcing will continue to expand as the rapid adoption of social and professional networks like Facebook and LinkedIn continue their exponential growth, impacting businesses on a number of different levels. While both networks will grow in importance, Facebook will emerge as a cornerstone sourcing tool in the battle to attract Millennials and blue collar workers.
With an ability to present up-to-date company information, job postings, discussion forums, videos, and all forms of rich content in a social network with 150 million US subscribers, Facebook’s rise as a social recruiting pillar is inevitable. Corporate career sites will continue to lessen in importance as candidates leverage networks to find information on prospective employers rather than traditional channels, and budgets will continue to shift significantly toward social media.
An aging population and a lack of investment in training and development will result in continuing skills shortages.
Taleo anticipates increased friction between businesses’ global ambitions for expansion and varying quality and quantity of local labor. In the US, labor participation rates among younger workers continue to fall while rates among older workers rise. In the short-term, this skews the balance of the workforce toward more experienced, more expert workers. In the mid to long-term, this lack of investment and hiring of younger workers is going to exacerbate talent shortages related to boomer retirements. Smart companies are looking to rebalance their mix of new hires to focus more on emerging and potential talent.
“As the era of economic uncertainty continues, the ability to collect talent data, gain insight, and make informed decisions about people and processes will become increasingly important,” said Dave Wilkins, vice president of Taleo Research. “US business leaders are becoming more involved in the definition of talent management system requirements and even the selection process, triggering a dramatic increase in the adoption of solutions that satisfy their data, analysis, and reporting demands. For these companies, talent data and processes will be held in the same regard as critical business data and processes.”
The Taleo report underscores the fact that organizations are looking to maximize the value of their people given the global economic climate and the potential for serious systemic shock. With an ability to consider the complete talent picture, leading companies will be able to hire and retain highly-engaged talent regardless of macro-economic forces, enabling greater organizational continuity and teamwork during periods of growth or recession. View the report by going to: http://www.taleo.com/researchpaper/us-talent-trends-2012.
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: hiring, HRchitect, Matt Lafata, social recruiting, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
January 28, 2012
Talented Silicon Valley Product Strategist Joins Social Recruiting Leader
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 15 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!
Jobvite, the leading recruiting platform for the social web, today announced the appointment of Kevin Nanney as vice president of product. Nanney will lead product strategy and design for the innovation leader in the multi-billion dollar online recruitment market. Nanney’s proven success driving Software-as-a-Service product development will further propel Jobvite’s momentum in the rapidly expanding social recruiting space.
Nanney most recently served as vice president of product management at Taleo, a talent management provider. In that role, he developed the product direction, strategy and roadmap for Taleo’s SMB SaaS Talent Management Platform Suite. Prior to that, Nanney held product management leadership positions with Navis LLC and Oracle.
“Kevin’s track record of success speaks for itself, and we’re thrilled to have such a great leader and executive on board,” said Dan Finnigan, president and chief executive officer at Jobvite. “His depth of experience in the recruiting solutions space, combined with his passion for innovation in social recruiting, will help Jobvite provide the most cutting-edge products on the market to our customers.”
Nanney’s appointment marks three top executive additions for Jobvite in less than two months, which support the company’s focus on expansion and technology innovation. Since announcing series C funding of $15 million in 2011, the company has put its acceleration plan into action. The recruiting innovator has grown its customer base more than 600 percent in the past two years, and in December announced the hiring of Chief Marketing Officer Kimberley Kasper, also from Taleo; along with Chief Financial Officer, John Winkenbach, previously with Technorati Media.
“Jobvite is growing at a tremendous pace and they are well known in the industry for driving innovation in social recruiting,” said Kevin Nanney, vice president of product at Jobvite. “I am looking forward to the opportunity to expand on the already impressive product line and continue to shake up the industry with the leading company in the social recruiting field.”
For more information on Jobvite, please visit www.jobvite.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Dan Finnigan, HRchitect, Jobvite, Kevin Nanney, Matt Lafata, Recruiting, Social, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
January 26, 2012
Taleo Provides Holistic Talent Management; Includes Performance Management, Learning and Recruiting
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 15 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, recently announced that Fairmont Raffles Hotels International (FRHI), the parent company of the Fairmont, Raffles and Swissôtel brands, has selected Taleo to support the organization’s global recruitment strategy.
Operating more than 100 hotels worldwide, FRHI is a leading hospitality company with plans to increase its global workforce in the coming years to support its growth and development strategy. As a result, FRHI teamed with Taleo to more effectively manage and support its current and future recruitment needs, while also ensuring key fundamentals such as consistency, brand standards, and cost were realized.
Using Taleo to Discover the Right Talent
For FRHI’s Senior Vice President of Technology, Vineet Gupta, Taleo will be an essential technology-based HR tool for the company as it expands internationally. “We’re investing in this solution to maximize our global recruiting tactics and performance management goals,” stated Gupta. “By choosing Taleo, we expect to enhance and grow our most valuable asset — our colleague base — and look forward to bringing our distinctive culture and personalized approach to service new markets around the world.”
Gupta’s organization, along with the respective hotel brands, has started to employ the cloud-based Taleo Talent Management suite, including Taleo’s talent acquisition, performance management and learning software. Now the company is better equipped to more effectively engage international candidates and can also broaden its scope to connect with potential colleagues who may have previously flown under the organization’s radar.
A Positive Experience with Taleo
FRHI chose Taleo because of its positive experience during the sales process, particularly with its senior leadership, and because of their proven track record in the hospitality sector. Other selection factors included:
- Access to Taleo’s Knowledge Exchange, which features talent management best practices, metrics, methodologies, and domain expertise from other practitioners and experts.
- Taleo’s SaaS platform, which is easy to implement, update and maintain around the globe, and which will save FRHI the cost of adding to its own IT infrastructure.
- Taleo’s social recruiting capabilities will help meet future growth needs by sourcing the next generation of employees via Facebook, Twitter, LinkedIn and other popular social networks.
By using Taleo’s talent acquisition software, FRHI can engage more employees in the right markets and with the right skill sets, talents and experience. With Taleo’s performance management solution, the company can also drive better results and retain top employees — a vital advantage in markets where frequent career movement is common.
Taleo’s Talent Management suite brings a range of additional benefits including:
- A larger pool of candidates and the ability to globally track applicants and candidates in one system.
- Career and succession planning to develop the next generation of leaders from external and internal candidates.
- Proactive strategies for workforce planning and recruitment.
- Increased efficiencies from eliminating many manual recruitment tasks.
- Enhancements to employment brand equity by enabling recruiters to more effectively follow up and communicate with applicants throughout the selection process.
For more information on Taleo, please visit www.taleo.com
To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: fairmont hotel, HRchitect, learning, Matt Lafata, Performance Management, Recruiting, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
November 16, 2011
The World’s Most Powerful Video Interviewing Platform Integrates with Taleo’s Leading SaaS-Based Talent Management Solution
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!
InterviewStream, the pioneer in online video interviews announced today that its platform is now Taleo Certified, accessible through Taleo’s Solution Exchange. InterviewStream’s video interviewing technology, integrated with Taleo Recruiting combines the most powerful video interviewing tool with the leading SaaS-based Talent Management solution from Taleo.
With the seamless integration of InterviewStream’s live and pre-recorded interview technology, Taleo customers are able to assess and pre-screen candidates. The integrated solution allows customers to initiate, view, share and provide collaborative feedback on candidates who are interviewed using InterviewStream’s video interview platform.
Randy Bitting, CEO of InterviewStream explains, “Using our video interview solution, hiring managers can invite candidates to respond to pre-defined video questions or schedule live video interviews thereby reducing travel budgets and increasing efficiencies. This certification affords our customers and prospective clients more flexibility without leaving the Taleo platform. We are excited for the opportunity to offer video interviewing to the more than 5,000 organizations that already use Taleo’s leading SaaS-based talent management solutions.”
Since its inception in 2003, InterviewStream has provided organizations with the ability to conduct live and pre-recorded video interviews. InterviewStream reduces scheduling hassles and phone screens with a tool that builds confidence to assess important visual cues in the candidate selection process. With award-winning design, usability and 24/7 customer support, InterviewStream is the only video interviewing solution that provides users with the ability to personalize and record video interview questions or choose from a library of more than 5,000 pre-recorded video questions.
InterviewStream saves its clients over 86% in reduced travel and scheduling costs while providing a superior candidate experience. InterviewStream provides more than 400 clients with video interviews in more than 120 countries.
For more information on InterviewStream, please visit www.interviewstream.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, hiring, HRchitect, InterviewStream, Matt Lafata, Recruiting, sourcing, Talent Acquisition, Talent Management, Taleo, video interview | Permalink
Posted by mattlafata
November 9, 2011
Global Provider of Talent Management Solutions Responds to Continuous Market Growth
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 the broadening of its presence in Germany by expanding its facilities and staff in Taleo’s Frankfurt offices and datacenter. The expansion efforts build on Taleo’s July acquisition of Jobpartners, a move that doubled the company’s European customer base and professional staff.
“As social media and mobile technologies move Talent Management processes from the filing cabinet to the cloud, SaaS-based Talent Management is becoming an integral part of successful business management,” said Michael Gregoire, Chairman and CEO of Taleo. “As today’s announcement shows, Taleo is committed to a sustained, long-term investment strategy to pursue the opportunities we have identified in Germany. In fact, our goal is to generate a significant amount of new bookings from Germany over the next three years.”
Investments in Local Team and Facilities
Even before the Jobpartners acquisition, Taleo maintained numerous international customers deployed in Germany. Now, by leveraging the combined presence and expertise of Taleo and Jobpartners, the company can offer its German clients broader product and service capabilities. For example, Taleo will expand its existing datacenter presence in Germany and intends to further grow its Frankfurt-based team. Taleo will expand existing German-speaking technical support, sales, client executive, and implementation consulting resources, and is already hiring new positions for marketing leadership, inside sales and solution consulting in Germany.
Established Provider for Talent Management Solutions
Taleo has a European customer base of more than 250 clients. With more than 5,000 customers worldwide, Taleo supports dozens of large enterprise-class clients in Germany, including Deloitte, Ernst & Young, Mars, Merck, Procter & Gamble, and Roche. Globally, Taleo serves customers in 187 countries and employs more than 1,500 people worldwide.
Taleo’s SaaS-based Talent Management solutions optimize recruiting, performance management, learning and compensation, and arm organizations with Talent Intelligence, which is the insight companies need to grow their business by capitalizing on their most critical asset — their people. By tapping the world’s largest and most scalable Talent Management Cloud, Taleo delivers up-to-date information and increased visibility into candidates and employees so managers can see the talent that is powering their organization and better understand how to recruit, retain, and mobilize that talent. Every day, Taleo customers rely on Talent Intelligence to identify, develop, compensate, and retain the top performers that drive business results.
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Deloitte, Fast 500, HRchitect, Matt Lafata, Michael Gregoire, Talent Management, Taleo | Permalink
Posted by mattlafata
October 1, 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!
Universal Background Screening, an award-winning national provider of background screening services, is now certified by Taleo to provide integrated background checks through the Taleo Enterprise platform. Universal’s pre-integrated capabilities enable Taleo customers to seamlessly submit background check requests, obtain paperless candidate authorization and disclosure forms, and view completed background check results.
The Enterprise Edition integration builds upon Universal’s integration with Taleo Business Edition and membership in the Taleo Solution Exchange, while utilizing Universal’s HR-XML Consortium-certified integration platform. Nearly half of Fortune 100 companies and over 5,000 organizations from all industries use Taleo’s on-demand talent management platform.
“We are pleased to expand our relationship with Taleo and to have the opportunity to service a larger audience through our certified, pre-integrated solution with Taleo Enterprise Edition,” said Ryan Krostue, CEO of Universal Background Screening. “Larger employers with complex requirements, especially those in healthcare and other regulated industries, will benefit from Universal’s screening expertise coupled with Taleo’s recruitment technology platform.”
Universal Background Screening joins Taleo’s elite network of Passport certified partners. The relationship between Taleo and Universal helps customers extend their electronic talent management process to include background checks, and eliminate manual steps such as data re-entry and faxing of forms.
As a Taleo Passport certified, pre-integrated solution, Universal Background Screening’s comprehensive suite of criminal background checks, verifications, drug tests, physicals and related services are available to Taleo Enterprise customers immediately.
For more information about activating the integration, please contact Universal Background Screening at http://www.universalbackground.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HR Systems, HR Technology, HRchitect, Matt Lafata, Ryan Krostue, Talent Management, Taleo, Universal Background Screening | Permalink
Posted by mattlafata
September 30, 2011
Professional Tagging on Talent Exchange Uses Authentic Feedback From Peers to Build Reputations
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!
There’s something new for professionals to “Like” on Facebook — a way to build their reputations among peers and top companies by using authentic feedback on their skills and abilities to create a unique view into who they are and what they have to offer.
The new feature is available only to users of Talent Exchange from Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based Talent Management solutions. Talent Exchange for Facebook is an implementation of Taleo’s open online marketplace where more than 5,000 companies can connect with candidates.
Leveraging the popularity of tagging among Facebook’s 750 million users, Talent Exchange adds analysis and rankings that people can use to help them get ahead in the job market. In Talent Exchange, friends and colleagues can tag a user’s profile with short feedback on that person’s skill set, strengths and work ethic. Taleo then analyzes and ranks each user’s feedback and network activity so individuals can measure how they compare with peers in their field. Talent Exchange also uses game-style features like badges and leader boards to encourage users to tag more often, which in turn leads to more comprehensive rankings. The new features are available to everyone who joins Talent Exchange, whether through Facebook or directly at talentexchange.com.
Talent Exchange also helps give professionals a head start on their next career move by exposing their reputation and marketplace ranking directly to recruiters and hiring managers who work daily in Taleo’s recruiting software. And as soon as a hiring need is created by a Taleo customer, that opportunity is immediately available on Talent Exchange. This gives Talent Exchange users a first look at the latest job openings, often before they’re posted elsewhere.
By making use of both keywords and tags, Talent Exchange also introduces a better way to search people. Recruiters and hiring managers can also navigate a user’s network based on the tags given and tags received to find talent associated with that individual.
“Talent Exchange helps Facebook users realize their full potential by building and promoting their reputation among peers and top companies — a reputation enhanced by objective endorsements from the people who know them best,” said Jason Blessing, executive vice president, products and technology at Taleo. “Whether professionals sign up through our Facebook application or directly at talentexchange.com, they now can leverage relationships and opportunities more effectively and elegantly than ever before.”
When they join Talent Exchange, users automatically become better prepared to quickly pursue new opportunities. Their first step is to create a Universal Profile. The Universal Profile is an online resume that allows users to enter their information once and then apply for multiple jobs without re-entering the same information again and again. That information, which can highlight skills, experience and career goals, is also instantly viewable by the companies that use Taleo solutions to recruit and manage talent. Recruiters and hiring managers at more than 5,000 companies worldwide use Taleo to recruit and hire roughly 1 million people a year.
Taleo also makes it easier to pursue new opportunities in real time through a free mobile app called Taleo Radar. An extension of Talent Exchange, Taleo Radar combines location-based mobile technology with talent intelligence to pinpoint opportunities and match them with professionals whose skills and experience make them candidates for job openings, new business pitches, or professional collaboration and networking. The new app is available from the iTunes AppStore for Apple iPhone, iPad and iPod touch running iOS 4.0 and later. Taleo also plans to release Taleo Radar on Android and BlackBerry platforms.
Anyone can join Talent Exchange on Facebook at https://apps.facebook.com/talentexchange/, or directly at talentexchange.com. There is no cost to join.
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, Facebook, HRchitect, Jason Blessing, Matt Lafata, Recruiting, Talent Acquisition, Talent Exchange, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
September 16, 2011
New Mobile App Combines Location-Based Technology With Talent Intelligence to Match Professionals With Nearby Opportunities for Jobs, New Business, Networking or Collaboration
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!
A new, free mobile application from Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based Talent Management solutions, will allow professionals to engage with their talent network wherever they go — from conferences to coffee shops.
Taleo Radar combines location-based mobile technology with talent intelligence to pinpoint opportunities and match them with professionals whose skills and experience make them candidates for job openings, new business pitches, or professional collaboration and networking. The new app is available today from the iTunes AppStore for Apple iPhone, iPad and iPod touch running iOS 4.0 and later. Taleo also plans to release Taleo Radar on Android and BlackBerry platforms.
“More and more of today’s smart phone users rely on services that use GPS-based location information to connect them with relevant offers, or to alert them whenever their friends and colleagues are nearby,” said Jason Blessing, executive vice president of products and technology at Taleo. “Taleo Radar takes this concept and then adds talent intelligence to give professionals real-time visibility into the people and opportunities around them. Like no other application or service, Taleo Radar offers the ability to drive people toward the openings that could change their careers and their business.”
Taleo Radar offers professionals an easy way to promote their skills and expertise to interested parties located a few blocks away, or even in the same room. They simply download the app and then provide some basic information — such as name, job title, photo and contact information — that will be broadcasted through the network. Users can then add simple posts about what they have to offer, how long they plan to be in a particular location, and the kind of opportunity they’re seeking.
When users share their presence, they in turn can see other professionals located near them, with potential contacts displayed on a map or in a list view — whichever users prefer. When they spot someone they’re interested in meeting, they simply send a connection request. Only after the recipient responds can a connection be established.
To ensure a safe and secure way to network and collaborate, Taleo Radar gives users ultimate control over how much or little they want to broadcast. For instance, one person may wish to list only her job title, experience and the type of opportunity she’s seeking. Someone else may opt to broadcast more information, including a photo.
“Whether interviewing for a new job or presenting their start-up idea to a venture capitalist, Taleo Radar users can harness the power of talent intelligence and the advantage offered by proximity and availability to transform a cup of coffee into the next job or the next deal,” added Blessing.
And because the new app is powered by Taleo’s Talent Exchange, creating a Taleo Radar account also registers users for a Universal Profile that can be used on Talent Exchange to apply for jobs at thousands of employers, nearly 50 percent of the Fortune 100 and nearly 80 percent of the Fortune 500.
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, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Jason Blessing, Matt Lafata, Recruiting, Talent Acquisition, Talent Management, Taleo | Permalink
Posted by mattlafata
September 12, 2011
Taleo Enterprise(TM) Combines the Power of Taleo Recruiting(TM) With the World’s Largest Professional Network on the Internet
Now LinkedIn Members Can Submit Information From Their Profiles Faster When Applying for Jobs That Use Taleo’s Talent Management System
Recruiters Gain Instant Access to the Right Information at the Right Time by Seeing LinkedIn Profile Data Within Taleo, and Getting Access to Taleo’s Profile Information in One Click From LinkedIn Recruiter
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, and LinkedIn Corporation (NYSE: LNKD), the world’s largest professional network on the Internet, today announced two new integrated features that make it simpler and faster for professionals to apply for jobs at companies using Taleo’s talent management solutions, and for recruiters at those companies to hire the best talent.
Two new features work together to integrate Taleo Recruiting™ with LinkedIn functionality:
LinkedIn Profile Upload, which leverages Apply with LinkedIn technology, allows candidates to pull their LinkedIn profile content into a career website with the click of a button, rather than manually entering this data. This new tool cuts the time required to submit this information by allowing candidates to use their LinkedIn profile to populate work experience, education and contact information. After the profile information populates, candidates can modify or customize the information to align with the position they’re seeking. For Taleo customers, LinkedIn Profile Upload improves the ability to hire top talent by increasing the size of candidate pools by reducing the drop-off rates on an application form.
LinkedIn Preview gives any recruiter and manager the ability to view LinkedIn’s 120 million profiles directly through Taleo Recruiting. Taleo customers with a LinkedIn Recruiter account benefit from additional capabilities that make it easier for recruiters to collaborate with their colleagues, discover candidates, and track their progress during the application process. Firstly, they can quickly access the candidate’s full LinkedIn profile and see which candidates have already been viewed by their colleagues using Taleo. Secondly, users who have both Taleo Recruiting and LinkedIn Recruiter can now instantly access Taleo profile information from LinkedIn Recruiter and open the full Taleo profile with one click.
Because LinkedIn profiles frequently feature more current information than applicant data stored in a candidate database, the new integration capabilities make life easier for both candidates and recruiters by ensuring candidate data is up to date. This also helps companies pinpoint and engage passive candidates who, while not actively applying for jobs, maintain LinkedIn profiles that reveal they possess critical skills for hard-to-fill jobs.
“As more and more information is stored in the cloud, accessing that information to apply for a job should be much simpler than it has been to date as candidates have had to enter the same information again and again as they submit multiple applications,” said Jason Blessing, executive vice president of Products and Technology at Taleo. “At the same time, recruiters wanting to engage with LinkedIn members have had to toggle between LinkedIn and Taleo to learn more about their candidates. The latest release of Taleo Enterprise gives recruiters the right information at the right time while relieving both of these challenges.”
“Our integration with Taleo further reveals how professional networking can connect the best candidates with employers,” said David Hahn, vice president, product management, at LinkedIn. “We’re proud to work with Taleo to bring these capabilities to those LinkedIn members looking for their next job, and to the Taleo Enterprise customers looking to engage with them.”
Launching with the latest release of Taleo Enterprise, which was also announced today, LinkedIn Profile Upload and LinkedIn Preview are available from LinkedIn.
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 | Tagged: Applicant Tracking, David Hahn, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Jason Blessing, LinkedIn, Matt Lafata, Recruiting, Talent Acquisition, Talent Management, Taleo, TaleoWorld, WebMingle | Permalink
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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Cytiva, HCM. human capital management, hiring, HR Systems. HR Technology, HRchitect, Learn.com, learning, Matt Lafata, Michael Gregoire, Performance, Recruiting, sourcing, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
