We have not commented a great deal about the perception of Taleo (TLEO) and the talent management space by the public market. As you may know a quiet period is very restrictive and Taleo observes a very strict line of conduct.

But today is different. There are no more restrictions. As we see financial analysts expressing their views on the talent management space, we can comment.

I would say it is easier to comment on their views than to pick one word (Buy, Neutral, or Sell) to sum up the status of a whole company or even an industry.

Because Taleo is the only public pure play software as a service (SaaS) talent management provider with good organic growth, it does not make a financial analysts task easier. Like any value assessment, they have to find comparable companies within the talent management space.

Of course, all vendors that sell software using a SaaS model look at salesforce.com selling CRM and observe the nearly 13 times revenue market capitalization and wish they could get there.

We were pleased to read Mark Verbecks review of Taleo, as Mark has been following the space for a while. Mark understands the tremendous value of the SaaS model and articulates the benefits very well: The bottom line is this model makes the software company more responsive and devoted to customer success while simultaneously improving the effectiveness of the software company in developing and maintaining its applications.

That is why we believe SaaS will only grow from here like many others.