Taleo is a competitor to SuccessFactors, which happened to be acquired by Oracle rival SAP.
Oracle said on Thursday that it was acquiring Taleo, an on-demand talent management software company, for $1.9 billion. That price works out to $46 a share. Taleo closed at $38.94 on Wednesday.
Taleo is a competitor to SuccessFactors, which happened to be acquired by Oracle rival SAP. With the Taleo acquisition, Oracle has bolstered its cloud HR apps. Both SAP and Oracle appear to be setting up for a broader showdown with Workday, an fast-growing outfit set to go public in 2012.
Oracle said in a statement that Taleo will allow it a cloud stack to manage HR and careers. Taleo’s board approved the deal, which is expected to close in the middle of the year.
For more on this ZDNet UK-selected story, see Oracle buys Taleo for $1.9 billion; SaaS consolidation ramps on CNET News.
