February 9, 2012 – Oracle announced plans to acquire human resources and talent management provider Taleo for $1.9 billion.

Central to the proposed deal is Taleo’s Talent Management Cloud offering, which Oracle announced in a statement would be part of a comprehensive human resources and employee information management cloud created by both organizations. Taleo offers a slew of on-demand talent management offerings and its Talent Grid, a network of millions of job candidates, 140 partner solutions and thousands of enterprise customers.

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