In another fight to acquire Cloud SaaS (Software as a Service) market share, Oracle made a leap move buying Taleo Corp for $1.9 billion. ” Taleo Corp is a talent acquisition, performance and compensation management, including nearly half of the Fortune 100, across 187 countries and territories use this software. Taleo’s Talent Grid software which runs on a cloud provides an instant access to the world’s largest talent management network of over 200 million candidates, 140 partner solutions and thousands of customers”
This purchase came under a pressure to take a lead from SAP, their fiercest competitor in cloud market. As SAP is also on the line of making a buy with SuccessFactors Inc, which is a leading SaaS player offering people management.
Their tag line states “complete set of talent solutions, core HR, collaboration and workforce analytics, gives you everything you need to produce, measure and continuously improve business results through people. Everyday. Business execution is the difference between being ordinary and extraordinary”
With this acquisition Oracle is trying to capture the ongoing and demanding SAP market, which according to Gartner report is growing and expected to be $17.32 billion in 2013, 5.7 percent of total enterprise software revenue, up from $5.31 billion in 2009. Targeting the cloud SaaS market Oracle has been aggressive in making such moves, earlier they bought RightNow Technologies for $1.5 billion, Rightnow software help companies provide customer services.
Oracle packaged its cloud services as fusion App, which was launched last year has a fair number of business management programs, this is where they take a lead from SAP, who got fewer web based offering at the moment as comparison. According to experts this acquisition has filled a long awaited gap in their portfolio for Recruitment package. Now they might target for a company which would provide an online payroll solutions software, such as ultimate software group. However there is no official statement or comment is available for the same.
Learn More about this cracking deal via Reuters.com link