Taleo Launches New Release of On Demand Talent Management Solution for Enterprises Wednesday 23 May 2007 PDF Print Taleo Enterprise Edition 7.5 features Web 2.0 technologies to deliver the industry’s most innovative and intuitive talent management experience to customers and candidates 22 May 2007 - Taleo Corporation (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today announced the release of Taleo Enterprise Edition™ 7.5, its on demand talent management solution designed for large enterprises. This new version features Web 2.0 technologies and includes hundreds of enhancements that improve talent management processes for recruiters, hiring managers, and job candidates. “We believe we have set a new standard for talent management with the innovations we have developed into Taleo 7.5,” said Michael Gregoire, Taleo President & CEO. “With talent shortages and unemployment at its lowest point in recent history, enterprises must execute bold strategies to source, attract, hire, and retain top talent. Our enhanced sourcing solutions, new Web 2.0 candidate portal, and enhanced global talent management platform are providing our customers with a competitive advantage to win their war for talent.” Taleo 7.5 includes the following innovations: Next Generation Candidate Portal. A completely redesigned candidate portal for enterprise career sites that incorporates Web 2.0 features that greatly enhances the candidate experience, improves communications between candidates and employers, and improves employer branding. Innovative Sourcing Solutions. New modules include Taleo Voice Response™ and Taleo Scheduling Center™ that provide additional channels for candidates to apply for positions via the phone and automate and streamline interview scheduling. Additionally, Taleo 7.5 provides comprehensive sourcing analytics to improve sourcing effectiveness by identifying the sourcing strategies that deliver the best results. World Class Localisation and Compliance. Taleo solutions are deployed in 100 countries and 21 languages. Taleo 7.5 further extends Taleo’s global leadership with new capabilities to support localisation and provide customers with the flexibility to configure their various career sites to meet country-specific regulations. Expanded Talent Management Platform. Taleo 7.5 extends Taleo’s powerful screening, selection, and onboarding functionalities to work across all hire types – hourly, salaried, and contingent – improving usability and reducing total cost of ownership. Taleo customers like Intermountain Healthcare, Starwood Hotels, and Procter & Gamble have selected Taleo Enterprise Edition 7.5 because of the value that can be derived by the innovations in the new product. “As an employer of choice in the Salt Lake City area, we are always looking for ways to improve our candidate relationships. Today’s candidates are increasingly web savvy - when they come to our career site, we know that they are comparing the experience to Google or Amazon,” said Jill Boyle, employment manager of Intermountain Healthcare. “With the Web 2.0 technologies and redesigned user interface in Taleo 7.5, they will see familiar web paradigms like the shopping cart and the auto-suggest which enhances the Intermountain Healthcare employer brand.” “We believe that the improvements to the candidate portal in Taleo 7.5 will make Procter & Gamble stand out as an employer in the competitive environment of campus hiring,” said Charlotte Field, manager, global talent supply of Procter & Gamble. “Students can check the status of their applications throughout the hiring cycle without waiting for a phone call from a recruiter, so they can always see where they stand and what the next steps are in the process.” "With unprecedented growth planned for our brands in the coming years, Taleo will become an ever more important component of our global talent acquisition strategy," says Norm Perreault. sr. director, organisational capability at Starwood Hotels & Resorts Worldwide, Inc. "Since we are preparing to roll Taleo out to 80 countries by the end of the year, we are particularly excited about some of the global improvements in Taleo 7.5." Taleo Enterprise Edition 7.5 is a 100% on demand, Software as a Service (SaaS) solution that runs on a single code base shared by all customers in a multi-tenant environment. Taleo customers can rapidly take advantage of new features and innovations to realise immediate benefits. About Taleo Taleo (NASDAQ: TLEO) delivers on demand talent management solutions that enable organisations of all sizes, around the world, to assess, acquire, develop, and align their workforce for improved business performance. More than 1,000 organisations use Taleo to recruit and retain top talent with 900,000 users processing 60 million candidates from 100 countries. Requiring no capital investment, software as a service and on demand delivery offer 99.9% availability and 100% accountability. For more information visit www.taleo.com. Forward-looking Statements This release contains forward-looking statements, including statements regarding Taleo’s new product development, 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. 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 March 16, 2007, in Item 1A of Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on May 10, 2007, and in other reports filed by Taleo with the SEC. Press Contacts: Jo Marlow/Joanna Masson email@example.com Tel: 08453 700 655 Octopus Communications for Taleo This press release was distributed by ResponseSource Press Release Wire on behalf of Octopus Communications in the following categories: Business & Finance, Education & Human Resources, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.