CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Oracle to buy cloud-based software firm Taleo for 1.9 billion dollars

02-10-2012 08:53 BJT

SAN FRANCISCO, Feb. 9 (Xinhua) -- Business software giant Oracle on Thursday said that it is planning to buy cloud-based human resources software company Taleo for about 1.9 billion U.S. dollars.

The acquisition is Oracle's latest move to boost its offerings of cloud computing, or the delivery of software and other services over the Internet.

Oracle said that it has agreed to pay 46 dollars per share, representing an 18-percent premium over Taleo's closing share price on Wednesday.

Headquartered in Dublin in the U.S. state of California, Taleo provides cloud-based solutions that help organizations attract, develop, motivate and retain human capital.

According to introduction posted on Taleo's website, it now has over 5,000 customers, including almost half of the Fortune 100 companies, with nearly half of the top 30 career sites in the world being powered by its solutions.

"Human capital management has become a strategic initiative for organizations," Thomas Kurian, an executive vice president at Oracle, said in a statement on the purchase of Taleo.

Kurian noted that Taleo's cloud-based human resources management solutions will be an "important addition" to the Oracle Public Cloud, a broad set of subscription-based services offered by the company.

The transaction has been unanimously approved by Taleo's board of directors and is expected to close mid-2012, Oracle said.

Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program