Two months after rival SAP said it would acquire HR software provider SuccessFactors for $3.4 billion, Oracle on Thursday announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ:TLEO), a leading provider of cloud-based talent management for $46.00 per share or approximately $1.9 billion, net of Taleo’s cash and debt.

“Human capital management has become a strategic initiative for organizations,” said Thomas Kurian, Executive Vice President, Oracle Development. “Taleo’s industry leading talent management Cloud is an important addition to the Oracle Public Cloud.”

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