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
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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 | 
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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
July 12, 2011
New Features Reveal Deeper Insight into Talent Pool to Improve Business Performance and Drive Productivity
Highlights Include Social Sourcing Capability across Hundreds of Social Networks, including LinkedIn, Twitter and Facebook
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 Corp. (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today unveiled groundbreaking social, collaboration and visualization capabilities that will provide enterprises with Talent Intelligence to address top business issues. These new capabilities fundamentally change how companies leverage their talent to tackle the top two challenges facing CEOs today: Growth and Talent. Now leading organizations can keep strategic goals top of mind and develop their workforce by having the ability to gain deeper insight into their talent and extend their reach to hundreds of social networks, improving business performance.
POWERING GROWTH WITH COLLABORATION
The new capabilities include a Conversation Hub and email integration enabling real-time feedback and collaboration to assure timely adjustments of business goals. This feature keeps strategic goals top of mind by pushing talent management directly into email allowing employees and managers to collaborate on the goals and initiatives of the company. Conversations are captured and stored in the Conversation Hub where managers and employees can view all conversations related to business goals and development to improve the impact of talent on these initiatives. In addition to Microsoft Outlook, the latest release also includes support for Lotus Notes.
IDENTIFYING AND ACQUIRING TOP TALENT
Taleo is expanding the reach into the global talent marketplace by leveraging social networks and providing insight into the best sources of talent. For the first time recruiters, employees and candidates can share jobs across hundreds of social networks including LinkedIn, Twitter and Facebook. This is a powerful way for companies to strengthen employee referral programs through alumni and employee networks. Sourcing analytics help recruiters understand which networks are providing the strongest candidates so that they can focus their sourcing activities so that they can find great talent faster.
The new Talent Browser has unique visualization capabilities that provide the business context behind talent data. Taleo is the first vendor to move beyond traditional search by providing visual search and on-the-fly filtering to pinpoint talent. The Talent Browser joins Talent Reviews and Performance Calibration as examples of how Taleo has embedded real-time visual analytics to support better decision making. In addition to visual search, the Talent Browser also includes analytics that give an instant snapshot of any team or organization.
“We are in a talent management renaissance, moving into a new era where we need to leverage talent to effectively anticipate and respond quickly to business needs,” said Bret Leech, Vice President, human resources, Rogers Communications. “By having Talent Intelligence and analytics to determine the needs of our business, we are able to accomplish our goals by building dynamic teams to fuel growth.” This kind of innovation is acknowledged by the leading analysts, who have positioned Taleo as the only vendor in all talent management leadership categories.
According to the Conference Board, Leading CEOs note that hiring the right talent in the open market and applying new technologies will enable them to drive the growth required for success. Taleo’s customers recognize that as companies strive to grow, strategic goals and talent must be at the forefront of business.
“Taleo’s new talent management platform advances Talent Intelligence by helping enterprises find the right people to meet their business objectives, properly incent employees to attain strategic goals, and better understand and retain top talent,” said Jason Blessing, Executive Vice President of Products and Technology at Taleo. “These new capabilities enable enterprises to better know their people and grow their business.”
The new release of Taleo Enterprise Suite is available immediately. For more information visit: http://www.taleo.com/11a
For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect
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Posted by mattlafata
June 29, 2011
Scalable Onboarding Solution Eliminates Costly Service Engagements, Speeds Time to Productivity and Easily Adapts to Changing Requirements
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, further solidified its leadership of the small to mid-sized market with the release of a new and expanded Taleo OnBoard™ which will enable companies to quickly and easily onboard employees without the use of costly service engagements. This scalable solution easily adapts to changing requirements and engages new hires on their first day of work to speed productivity.
“The ability to create customizable bundles by position ensures that there isn’t a single thing that falls through the cracks when a new hire starts, and helps to hold individuals accountable for their pieces of the process,” said Casi Jewett, MA, PHR, Employee & Labor Relations for Santa Rosa Community Health Centers. “The new release of Taleo OnBoard will help us to further ensure compliance and speed up the onboarding process, which is critical in the fast-paced medical world.”
Taleo OnBoard debuts industry-first features such as dependent tasks, configurable forms, and location-based activities. The adaptable solution helps executives, line managers, and HR teams build a consistent and repeatable onboarding process. OnBoard builds the right foundation for new hires by providing a smooth and automated conversion experience from candidate to employee — making people feel connected and improving retention — while streamlining existing processes and eliminating mountains of paperwork.
“Taleo OnBoard is the only solution for the small and mid-sized business market that comprehensively equips companies to make the best impression on a new hire’s first day of work, which is a critical first step to engaging and retaining top talent,” said Michael Boese, Senior Vice President, TBE and Talent Grid at Taleo. “These new capabilities strengthen our suite of talent management solutions, including Taleo Recruit, Taleo Perform, Taleo Learn, Taleo Comp and Taleo Insight, and further drives Taleo’s position as the leader in the market.”
Dependent tasks allow employers to designate the order of different onboarding tasks so that the system automatically assigns new tasks upon the completion of other tasks.
Other industry-leading features include:
- Configurable Forms: Administrators can add unlimited, customized company forms– collecting and tracking information that becomes part of the employee record — without lengthy and costly services engagement.
- Employee Life Cycle Management: Reduce administrative burden and improve the communication and collection of information relating to life cycle events such as a change in employment status or signing a new employee handbook.
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: compensation, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Insight, Learn.com, learning, Matt Lafata, Michael Boese, Onboarding, Recruiting, Talent Acquisition, Talent Grid, Talent Management, Taleo | Permalink
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
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, IDC, jobpartners, Lisa Rowan, Matt Lafata, Michael Gregoire, Talent Acquisition, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
June 16, 2011
Technology Services Industry Association Validates Taleo as the First and Only to Receive Accreditation for Superiority in Customer Support
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 its receipt of the Technology Services Industry Association (TSIA)’s Excellence in Service Operations certification for delivering superior customer service across its global service operations. Taleo is the first and only talent management provider to receive this esteemed accreditation. Companies seeking the Excellence in Service Operations certification undergo a rigorous evaluation process to assess compliance with industry-leading best practices. To achieve the certification requires companies to prove stringent process discipline, corresponding excellence in key metrics, and commitment to continuously improving customer-centric service delivery.
“At Taleo, our number one priority is customer satisfaction. This achievement marks another step in our path to excel in everything we do. We set a goal of leadership in Customer Support and we’ve steadily executed on that vision with continued investment in our customer-centric support services,” said Guy Gauvin, Executive Vice President, Global Services, Taleo. ”Our commitment gave us the confidence to pursue TSIA’s highest service honor and we are thrilled to be the only talent management company to receive this prestigious certification.”
In today’s highly competitive marketplace, customer support can make all the difference in terms of building brand recognition, loyalty and driving revenues. Excellence in Service Operations is TSIA’s certification that recognizes outstanding service operations across all aspects of a customer support organization. This comprehensive program was developed by leading technology companies and includes over 300 best-practice criteria and metrics. Excellence in Service Operations involves in-depth audits of all relevant support functions and locations for a business. Taleo is certified at the global level.
“During the past three years, Taleo’s growth, maturity and commitment to deliver world-class support and services to their clients was recognized by TSIA’s certification programs,” said Joanne Weigel, Senior Director at TSIA. “In 2011, Taleo increased that commitment by achieving Excellence in Service Operations for their world-wide operations.”
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, Guy Gauvin, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, learning, Matt Lafata, Performance, Recruiting, Talent Acquisition, Talent Management, Taleo, TSIA, WebMingle | Permalink
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 13, 2011
HireVue Welcomes Kevin Marasco as Chief Marketing Officer
- Experienced Industry Marketer Joins Fast Growing Provider of Video Interviewing Solutions-
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!
HireVue, a leading provider of video interviewing solutions, today announced that industry expert Kevin Marasco has joined the company in the role of Chief Marketing Officer (CMO). Acknowledged as one of the human capital management industry’s leading marketers, the addition of Marasco to HireVue’s leadership team positions the organization for continued rapid growth.
This news comes on the heels of an incredible first quarter that included year-over-year growth exceeding 300%, 17 new enterprise customers, 19 renewals, 3 new product releases, 2 new strategic partnerships and raving customer feedback including an industry-leading Net Promoter Score (NPS) of 42%. Recent HireVue customers include Starbucks, Sarah Lee, ConocoPhillips, DirecTV, Research In Motion, and Cardinal Health.
“We’re designing HireVue to be the game-changing video interview platform for the workplace. To start, we’re replacing antiquated communication and collaboration methods in the interview process,” said Mark Newman, HireVue’s co-founder and CEO. He continued, “Kevin is hands-down one of the most innovative marketers in technology today, and has a strong track record of building the best brands in talent management.”
Human Resource Executive magazine’s Technology Columnist, Bill Kutik, also the conference co-chair for the HR Technology Conference, observed, “I’ve worked with Kevin for nine years, as well as with most marketing executives in the industry, and no one rivals Kevin’s creativity, passion and drive. He’s a tremendous asset to any company lucky enough to land him.”
Most recently, Marasco was Vice President, Brand & Digital Marketing for San Francisco Bay-based Taleo (NASDAQ:TLEO). Prior to its acquisition by Taleo, Marasco was senior Vice President, Marketing and Sales Support at Vurv (formerly Recruitmax). Marasco’s educational background includes executive education at Harvard Business School and a bachelor’s in marketing from the University of North Florida.
Marasco commented, “Continually raising the bar and doing something huge is the mantra of my career. When I thought about the endless possibilities presented by HireVue and its unique offerings, I knew this was an organization on the cusp of an incredible breakout.”
For more information on HireVue, please visit www.hirevue.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, Bill Kutik, HCM, HireVue, HR Systems, HR Technology, HRchitect, Human Capital Management, Kevin Marasco, Mark Newman, Matt Lafata, Recruiting, Talent Acquisition, Talent Management, Taleo, video interview | 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
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Gartner, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Magic Quadrant, Matt Lafata, Michael Gregoire, Performance Management, Talent Management, Taleo, WebMingle | Permalink
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 16, 2011
Select International recently announced that it has become a certified Taleo Business Edition partner. The integration between Select International’s solutions and Taleo’s people management systems delliveres quick ROI for additional functionality and value. The partnership falls under Taleo’s Assessment category
If you are looking for a new Talent Acquisition System, 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!
Select International, a global provider of human resource assessment solutions, announced that the company has become a certified Taleo Business Edition partner. This integration between Select International’s solutions and Taleo’s people management systems delivers quick return on investment for additional functionality and value.
Taleo’s platform makes it possible for companies to set up and configure a career site quickly, providing a custom system to immediately process applicants.
Select International’s partnership falls under Taleo’s Assessments category. Other categories within the Taleo Business Edition include Background Check, Compensation, ERP/Payroll Services, Learning and Tax Credit Screening.
“This Taleo partnership enables Select International to provide an even greater level of service and flexibility for our clients and prospects who utilize Taleo’s solution,” said John Kremer, Select International’s Director of Technology. “Taleo provides excellent talent management tools, and we’re proud to align our services with them.”
The partnership creates a seamless process for candidates and recruiters to utilize Select International’s assessment solutions. Select International offers technologically advanced assessment solutions for selection and development at all levels within an organization, improving the efficiency and accuracy of the screening and selection process. They develop and implement a wide range of hiring solutions, including Application Tools, Screening Tools, In-Depth Assessments and Interviewing Tools.
For more information on Select International, please visit www.selectinternational.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Assessments, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, John Kremer, Matt Lafata, Recruiting, Select International, Talent Acquisition, Talent Management, Taleo | 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 8, 2011
IDC MarketScape Recognizes Taleo’s Market Momentum and Suite Offerings
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 software solutions, today announced that IDC has recognized Taleo as a market leader in Integrated Talent Management in the 2011 MarketScape report.
Taleo maintained its leadership position in this year’s analysis with noted strengths in many areas including depth in capability of the individual talent functions, a robust partner ecosystem, strong brand recognition, global reach, and a track record of innovative research and development and integration.
The report is IDC’s annual analysis of software vendors that offer integrated solutions to help companies attract, develop and retain their workforces. These solutions include software for recruiting and staffing, learning and development, performance management, compensation management and career and succession planning, all supported by a base of competency management and assessment. Taleo is cited for vision and execution in providing organizations with a superior end-to-end solution capable of meeting the needs of the entire employee lifecycle. According to IDC, Taleo’s strengths also include the Talent Grid, which positions the Taleo talent management suite as the focal point in a talent-partner ecosystem that enables data exchange, seamless reporting, and tighter integration through published APIs, as well as Taleo’s analytics capabilities.
“Taleo is again a market leader in this year’s analysis with strengths in many areas including depth in capability of the individual talent functions, a robust partner ecosystem, and strong brand recognition,” said Lisa Rowan, Program Director for HR and Talent Management Services with IDC. “By adding learning capabilities through its recent acquisition of Learn.com Taleo has completed filling out the five pillars of talent management and continues to expand its range of talent management capabilities.”
“Businesses are turning to Taleo for talent intelligence, the key insights needed to help power their talent management strategies. These companies depend on Taleo’s complete offering of software solutions and access to the largest global community of talent management experts and partners to achieve growth,” said Shail Khiyara, Taleo’s Chief Marketing Officer. “We are pleased to see that our market momentum, suite offerings and proven record of successful acquisitions is reflected in IDC’s analysis.”
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, IDC, learning, Lisa Rowan, MarketScape, Matt Lafata, Performance, Recruiting, Succession Planning, Talent Acquisition, Talent Grid, Talent Management, Taleo, WebMingle | Permalink
Posted by mattlafata
