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Taleo 10 Talent Management Software Generally AvailableEarly Users Praise 'Central View of Talent' and Ease of Use (February 02, 2010)
DUBLIN, CA -- (Marketwire) -- 02/02/10 -- Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced general availability of Taleo 10, its new talent management software solution.
Taleo 10 helps companies hire better, manage more effectively and accelerate development of the best performers in the organization. It is built on 10 years of collective talent management domain expertise from Taleo and its customers -- the world's largest ecosystem of talent management experts.
Taleo 10 is a holistic solution to help make talent management insightful, easy and accessible for companies of all sizes. Central to the Taleo 10 design is a powerful but effortless user experience, designed to be a radical departure from usability found in current Enterprise Resource Planning (ERP) systems and most other talent management software. Key attributes include:
-- Social: leverage collaboration to more effectively recruit and develop key staff
-- Mobile: make talent management solutions easily available, everywhere employees work
-- Cloud: remove the barriers to accessing technology and expertise
-- Speed: power agility and productivity with efficient systems.
Built on a single platform, Taleo 10 enables:
-- 33% faster recruiting: Taleo Recruiting includes a completely updated Web 2.0 user interface and more than 100 new features for "walk up" usability. Taleo Recruiting can improve productivity by streamlining key activities such as search, assessment and selection of candidates.
-- Mobile and social access: Taleo Anywhere allows customers to access Taleo 10 and the Talent Grid where and how they work via mobile, social and pervasive devices such as Blackberry, iPhone, Microsoft Outlook, Internet Explorer, and social networks such as LinkedIn, Facebook and Twitter via RSS.
-- 80% better staff development: Taleo Development is a new offering from Taleo that enables informal "social learning" and job shadowing, with access to more traditional or "formal learning." Until now, most learning software has been focused on formal courses. Yet this only addresses 20% of an employee's developmental learning needs. Taleo Development empowers the whole learning cycle and gives businesses a view of employees' development plans -- and progress -- mapped to goals, competencies and performance reviews.
-- A central view of talent for measurable business value: Taleo Analytics powers workforce insights in minutes with more than 70 pre-built metrics and a Metrics Configurator. Taleo 10 can track performance across the entire workforce with metrics that include insight into quality of hire, high performer retention and goal alignment. The Metrics Configurator enables customized analyses for driving actionable insights on emerging workforce trends.
"To drive business growth and innovation, executives and managers need a real-time, central view of their talent -- from top candidates to current high performers and high potential employees," said Michael Gregoire, Chairman and CEO of Taleo. "Taleo 10 is software architected for company-wide use -- the more users, the more comprehensive the view of staff performance and potential. With Taleo 10, talent management becomes a natural part of the business management process."
Early user Ken MacFerrin, Director of Global Staffing and Talent at InfoPrint Solutions Company, a $1 billion joint venture between IBM and Ricoh, said: "Usability can't be under-estimated. I've been at companies that spent millions to implement ERP, only to have to pull them a year later when the usability issues caused an unacceptably sharp decline in candidate applications."
"Taleo is built for people, not fixed assets. That is key for us and Taleo 10's promise to be 'walk up and use' easy was certainly the case in our implementation for our staffing professionals and managers alike. This sets us up well for our global talent management platform rollout."
Taleo 10 is now generally available. Pricing, self-service demonstrations and additional information is available at www.taleo.com/10.
Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,200 organizations use Taleo for talent acquisition, performance and compensation management, including 46 of the Fortune 100 and over 3,500 small and medium sized businesses across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.
This release contains forward-looking statements, including statements regarding the demand for Taleo's solutions, results from use of Taleo's solutions and general business conditions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q/A, as filed with the SEC on November 4, 2009, and in other reports filed by Taleo with the SEC.
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