profile updated Jun 27, 2008, 6:01 PM
In August 2007, popular online publication The Motley Fool pointed out that while many people can name industry leader Salesforce as the number one independent on-demand software operator, few people can name number two - Taleo. However, the "company has been delighting shareholders and growing its business at a healthy clip."
Now, when Vurv's 1,700 customers are brought on board, Taleo might even threaten Salesforce for the No. 1 position.
The company's product helps manage staffing processes for professional, hourly, and temporary employees and its iLogos Research division includes both research and consulting to help corporations analyze the financial impact of staffing management decisions. Customers include Hewlett-Packard, Procter & Gamble, and Starbucks.
In addition to building out the Taleo software to meet market changes, the company has also followed an aggressive partnership and acquisition course. In 2003, Taleo acquired White Amber, temporary workforce management software. In 2005, the company purchased Recruitforce.com for its offerings to small and medium businesses. In 2007, Taleo acquired the assets of JobFlash, a five-year-old company that helped employers interact with the broadest pool of job seekers through multilingual telephone interactive voice response and interview scheduling. It also purchased the recruitment software division of WetFeet in 2007. Partnerships in 2007 included Paychex and AIRS.
The Vurv acquisition cost will come in about $125 million, most of which is in the form of 4.1 million shares of Taleo stock, which is trading at $19.59 a share when this was written on June 27. Taleo will also pay about $36.5 million in cash and assume up to $9 million of debt and unvested employee stock options woth an undisclosed amount.
News & Updates 
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Taleo Completes Acquisition of Vurv (Market Wire)
Taleo Corporation (NASDAQ: TLEO), vendor of on demand talent management solutions, has completed its acquisition of Vurv Technology, Inc. Jul 2, 2008, 3:22 PM -
Authoria's View on Vurv (www.ere.net)
Taleo's acquisition of Vurv represents what customers want - a complete talent management solution, says Authoria's CEO. As the market shakes out, pure-play recruiting software vendors will not survive, he adds. May 7, 2008, 3:42 PM -
Taleo to Acquire Vurv (ERE)
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Taleo Goes Down Market (Systematic HR)
When Taleo partnered with Paychex it was a sign the company was looking to grow in the small-business market. Apr 30, 2008, 9:27 AM -
Taleo's March 14, 2008 10-K Filing (Edgar/Yahoo Finance)
An SEC filing. Mar 18, 2008, 1:58 PM
Products & Services
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Talent Management Software
Three editions of the Taleo talent management software meet the needs of enterprise clients, small/medium sized businesses, and companies with high counts of hourly employees. Taleo Business Edition (formerly Recruitforce.com) was one of the systems included in ERE's report, "Applicant Tracking Systems 2006: Industry Analysis & Buyer's Guide Staffing/Small Firm Edition" in which 13 leading ATS systems were reviewed. Supplemental modules are available. Taleo Enterprise Edition 7.5 is in place at many of the Fortune 500 companies and is especially suited to large scale, global operations that want a complete HR talent solution.