Press Releases

 

Mr. Gross brings more than thirty-five years of business management experience to Taleo’s Board of Directors. He is currently chairman of The Lovell Group, an investment and advisory firm he founded in 2002 to work with private venture-funded technology companies on a range of business, management and financial strategies. 

 

Prior to The Lovell Group, Mr. Gross co-founded American Management Systems in 1970. After leading the company through several rounds of funding, Mr. Gross also saw the company through its successful IPO in 1979. Mr. Gross was responsible for leading the American Management System’s movement to a vertical market structure where they focused on financial services, communications and government sectors. This strategic change in the 1980’s fueled the Company’s growth from a $60 million dollar company to a $1 billion company by 2002.

“Pat’s deep experience in corporate governance and counseling technology companies during significant periods of growth will be a strong addition to our Board,” said Michael Gregoire, president and CEO, Taleo.  “Pat has been an instrumental, driving force in helping many companies scale and grow and enjoy continued success. At the explosive growth stage that Taleo is in, the entire Board welcomes his insights and experiences.”

Mr. Gross is currently a director of several companies: Capital One Financial Corporation and Waste Management, Inc, both listed on the NYSE and Career Education Corporation, Liquidity Services, Inc, and Mobius Management Systems, Inc, three NASDAQ listed companies. He has served as lead and presiding director of several public companies and as chairman of the boards of two private equity owned companies.

 

Mr. Gross holds an MBA from the Stanford Graduate School of Business, an MSE from the University of Michigan, and a BES from Rensselaer Polytechnic Institute.

 

Mr. Gross replaces outgoing Board Member Jim Mainkranz.

“Jim has made significant contributions to Taleo primarily on sales process and sales administration,” Gregoire continued. “The entire Board is grateful for Jim’s intellect and passion for Taleo. We respect his decision to step down and appreciate his sales expertise and guidance as we grew and evolved from an early stage private company to a public company.”

Taleo (Nasdaq: TLEO) delivers on demand talent management solutions that enable organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. Taleo’s customers use its suite of solutions to improve their talent management processes to reduce the time and costs associated with these processes and to enhance the quality, productivity and satisfaction of their workforces. Taleo currently has more than 620 corporate customers with approximately 750,000 registered users who use our services to fill positions in almost 100 countries. For more information visit www.taleo.com.

 

Forward-looking Statements
This release contains forward-looking statements, including statements regarding Taleo’s future financial performance, market growth, the demand for 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, including the possibility that the market for enterprise software does not develop as anticipated; the volatility of our stock price due to the difficulty in predicting operating results and the long sales cycle for our software; failure to develop new software products or enhance existing products; failure to retain key staff; the failure to maintain historical maintenance renewal rates; and the failure to properly protect our proprietary rights and intellectual property.  Further information on potential factors that could affect actual results is included in Item 1A of Taleo’s Annual Report on Form 10-K, as filed with the SEC on April 17, 2006, in Item 1A of Taleo Quarterly Report on Form 10-Q, as filed with the SEC on August 14, 2006, and in other reports filed by Taleo with the SEC.