DUBLIN, Calif., Feb. 10, 2011 /PRNewswire/ -- Taleo Corporation (Nasdaq: TLEO), the leading provider of on-demand talent management solutions, announced unmatched momentum in the small and mid-sized business markets with the success of Taleo Business Edition.
The company reported record-breaking growth in new business with over 900 new customers, a greater than 50 percent increase over the previous year. Taleo sales records signify that smaller businesses continue to embrace talent management solutions once solely the hallmark of Enterprise-level organizations.
Taleo's rapid growth spanned the healthcare, retail, hospitality, entertainment, public sector and manufacturing markets with employers that range in size from one to 5,000 employees. New 2010 customers included ARMA Global, Chesapeake Government Health Services, Chicago Public Media, Coveo Solutions, Cycling Sports Group, Father Flanagan's Boys' Home in Nebraska, KeyLime Cove Waterpark Resort and Spa (Gurnee Waterpark, LLC), Perisher Ski Resort, The Boys & Girls Club of Scottsdale, The Country Vintner, Yukon Kuskokwim Health Corporation and others.
"With Taleo, we went from a chaotic mess of incoming online applications to a well-organized and efficient system for managing, organizing and searching through applicants and resumes," said Courtney M. Meyer, Human Resources Manager, KeyLime Cove Indoor Waterpark Resort. "Taleo allows us the flexibility to customize our application content and process to our unique culture and specific job needs. The implementation was seamless and their customer support is timely, efficient and satisfying. We can't imagine the process without the Taleo system."
New quarterly product offerings in 2010 and the acquisition of Learn.com further sealed Taleo's commitment to providing small businesses with a fully-integrated talent management suite of recruiting, performance, succession, compensation and learning capabilities.
Taleo Insight was launched, providing new reporting and analysis capabilities including more comprehensive standard reports, ad-hoc reporting with a custom report builder, dashboards, scheduling and security features to control access to confidential information. Taleo Business Edition gained new sourcing capabilities with the introduction of Taleo Talent Exchange™, the leading community marketplace for helping recruiters secure high quality candidates across multiple industries and disciplines. Additionally, Taleo Business Edition also added 360-degree multi-rater reviews to its Performance Management platform. With 360-degree reviews, employees can gather more comprehensive feedback with assessments from subordinates, peers and supervisors.
"Small and mid-sized employers are at the heart of the economic recovery, and they realize their future success depends primarily on employees—their biggest investment," said Michael Boese, Senior Vice President, SMB and Talent Grid, at Taleo. "Taleo Business Edition is leaving the competition behind because we're not only helping our customers build the right foundation for managing today's talent, but also plan ahead for continued success."
Taleo's momentum also included the acquisition of Learn.com, a leading next generation provider of social and formal learning solutions. With the purchase Taleo became the industry's only company to offer best-in-class solutions across all four pillars of a talent-optimized organization: recruiting, performance, compensation and learning management.
Taleo's (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. Approximately 5,100 customers use Taleo for talent acquisition, performance, learning, and compensation management, including 47 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers, more than 200 million candidates, and 140 partners and industry experts.
This release contains forward-looking statements, including statements regarding the demand for and results from use of 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. Further information on potential factors that could affect actual results is included in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on November 5, 2010, and in other reports filed by Taleo with the SEC.