Taleo Announces Acquisition of WetFeet Talent Management Product

Taleo, the provider of on demand talent management solutions, today announced that it has acquired WetFeet Inc.ís web-based recruiting product, WetFeet Recruiter, including associated intellectual property, technology and over 35 customers. WetFeet Recruiter is an applicant tracking system that is used by large enterprises and small and medium businesses (SMBs), including many from the retail industry, to manage their recruiting process. The transaction closed in the third quarter and is not expected to have a material impact on Taleoís operating results.

WetFeet Recruiter delivers jobs management, candidate sourcing, and applicant tracking, screening and management to growing businesses. Taleo has transitioned WetFeet Recruiter customers to Taleo Enterprise Edition or Taleo Business Edition, allowing them to leverage more advanced solutions to address their recruiting needs. SMBs today face a number of challenges, including appealing to a new generation of workers, growing pains and increased competition from multi-nationals for qualified talent, and retailers face additional, unique market dynamics, with a young, distributed workforce and a high volume of applicants. Taleo provides solutions that specifically address customersí needs, with more than 1,000 SMBs currently leveraging Taleo Business Edition to achieve a competitive edge.

ìThis acquisition further strengthens Taleoís position as the leading provider of talent management solutions to the retail industry,î said Michael Gregoire, CEO of Taleo. ìWe continue to expand our portfolio to provide customers with the tools they need to achieve a competitive advantage and extend our leadership in various verticals.î

Earlier this year, Taleo acquired the intellectual property, technology, and customers of JobFlash. JobFlashís solutions enable employers to interact with the broadest pool of job seekers by providing multilingual telephone interactive voice response (IVR) and interview scheduling. Taleo has integrated JobFlashís IVR and interview scheduling products with Taleo Enterprise Edition and offers them as a complementary solution to Taleo Business Edition, for SMB customers.