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Taleo’s New Performance Management Software Lauded in Comprehensive Industry Report
Bersin & Associate’s Distinguishes Taleo for breakthrough usability, unrivaled infrastructure and financial viability in its 2009 report on the industry’s top solution providers
Dublin, CA—October 22, 2008—Taleo (Nasdaq: TLEO), the leading provider of unified on demand talent management software, today announced further industry validation of its fast-grow Performance Management solution for employee goal setting, assessments, performance reviews and career and succession planning. In a report issued last week by Talent Management analyst firm Bersin & Associates, Taleo Performance was praised for market leadership on crucial usability and technology metrics. Also-- increasingly important in this volatile economic market—Bersin endorsed Taleo for its company strength, growth and profitability as a vendor more likely to endure.
Bersin & Associates’ High-Impact Performance Management 2009: State of the Market, Practices and Buyer's Guide, issued last week, provides market analysis, outlook and predictions and well as side-by-side in-depth profiles and comparisons of 24 talent management vendors.
In the report, Taleo Performance-- the company’s enterprise-class offering, first shipped in February, 2008, with the second major release announced last week-- is called out for completeness of product offering and leadership across Bersin’s criteria in both performance and succession planning capabilities as well as user experience.
"Taleo Performance is truly a next-generation platform. The company’s approach to employee performance management is very different from what we found with the first generation of administrator-focused, transactional performance management systems. Most notably, the user experience in Taleo Performance does not subscribe to the common forms-based paradigm. Rather, it uses features, such as collaboration, analytics, visual indicators, performance support, contextual content and modal views, throughout the platform to engage the end-users and to help them make better decisions. Taleo also makes it easy for end-users to keep employee performance management and career management as part of their everyday experience. The product is deeply integrated with Microsoft Outlook. End-users can easily update goal progress, complete assessments, receive notifications and connect with colleagues all in their natural workspace without having to go to another system," said Leighanne Levensaler, director of talent management research, Bersin & Associates.
In the report, Taleo was highlighted for its strength in 3 categories:
• Exceptional user experience, leveraging the latest web technology
• Financial stability (growing and cash flow positive) and transparency
• Unrivaled multitenant infrastructure and on demand architecture
About Taleo Performance
Taleo Performance for enterprise organizations combines innovative goals, performance, career, and succession management with the industry leading on demand talent management platform to help achieve improved performance across the workforce. In return, high performing employees are provided with a better view of development and advancement opportunities to increase employee engagement and retention. In addition, Taleo plans to launch a separate performance management solution for small and medium-sized companies, Taleo Business Edition Perform, in November.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empowers organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. More than 3,600 organizations use Taleo for talent acquisition and performance management, including 47 of the Fortune 100 and more than 2,900 small and medium sized businesses, across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.
Forward-looking Statements
This press release contains forward-looking statements, including statements regarding the expected benefits and results from using Taleo’s products and services. 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 release. 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. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo’s Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, Part II, Item 1A of Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on August 11, 2008, and in other reports filed by Taleo with the SEC.
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