Taleo announces pricing of initial public offering

Taleo announced today the pricing of its initial public offering of 6,700,000 shares of its common stock at $14.00 per share (before underwriting discounts and commissions). Taleo offered 5,360,000 shares of common stock, while the remaining 1,340,000 shares were offered by selling stockholders. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares of common stock to cover over-allotments, if any.



The offering is expected to close on October 4, 2005. The shares have been approved to trade on the NASDAQ National Market under the symbol TLEO.

The shares are being sold through underwriters led by Citigroup Global Markets, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities Inc., CIBC World Markets Corp. and ThinkEquity Partners LLC. Copies of the final prospectus related to the offering can be obtained by contacting Citigroup at: Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, USA (Telephone 1-718-765-6732). The prospectus will also be available on the Securities and Exchange Commission website at http://www.sec.gov.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 28, 2005, and the public offering is being made by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.