IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Oracle in $1.9 billion Taleo deal

Larry Ellison's tech giant looks to make its mark on the cloud HR space.

Acquisition

Oracle has agreed to acquire cloudy "talent management" company Taleo for $1.9 billion, in a deal that marks one of the biggest deals of 2012.

Taleo's cloud-based software is aimed at HR departments and Oracle said it was buying the company to build a "comprehensive cloud offering for organisations to manage their Human Resource operations and employee careers."

"Human capital management has become a strategic initiative for organisations," said Thomas Kurian, executive vice president for Oracle Development. "Taleo's industry leading talent management cloud is an important addition to the Oracle Public Cloud."

Oracle's move will take it into closer competition with Marc Benioff's Salesforce.com, which just last month agreed to buy HR software maker Rypple.

That deal is expected to go through on 30 April and means Salesforce.com could be supplying Facebook with HR SaaS as the social networking giant is one of Rypple's customers.

Benioff and Oracle CEO Larry Ellison, once close allies at Oracle, have been treading on one another's toes recently. Benioff even had his keynote at Oracle OpenWorld cancelled last year.

Oracle's acquisition announcement came on the same day Taleo announced its fourth quarter financial results, in which it saw subscription revenue rise 26 per cent year-over-year to hit $70 million.

"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 of Taleo.

"Joining forces with Oracle gives us the opportunity to better serve our customers."

Oracle has not been averse to splashing the cash of late. In October last year, the company bought cloud customer service provider RightNow for $1.5 billion.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

Google and Oracle data centres hit by issues amidst hottest ever UK day
Cloud

Google and Oracle data centres hit by issues amidst hottest ever UK day

20 Jul 2022
Oracle to build sovereign cloud regions in the EU for 2023
data governance

Oracle to build sovereign cloud regions in the EU for 2023

12 Jul 2022
The state of Salesforce: Future of business
Whitepaper

The state of Salesforce: Future of business

4 Jul 2022
Kyndryl strikes up new delivery partnership with Oracle
IT infrastructure

Kyndryl strikes up new delivery partnership with Oracle

24 Jun 2022

Most Popular

How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
Samsung proposes 11 Texas semiconductor plants worth $191 billion
Hardware

Samsung proposes 11 Texas semiconductor plants worth $191 billion

21 Jul 2022
Should you take your password manager off the internet?
Sponsored

Should you take your password manager off the internet?

28 Jul 2022