Taleo Crosses Major Milestone Capturing $1 Billion in Contingent Workforce Spending

Taleo Crosses Major Milestone Capturing $1 Billion in Contingent Workforce Spending

Contingent Labor Solution Demand Continues to Fuel Taleo Momentum in 2005

SAN FRANCISCO, Jan. 26 /PRNewswire/ -- Taleo Corporation, the world's leading company focused solely on on-demand talent management solutions, today announced it has reached an historical company milestone by capturing over $1 billion in contingent workforce spending through its Taleo Contingent (formerly named Workforce OnDemand) solution. This major achievement comes on the heels of several other notable Taleo successes in customer acquisition, value creation and industry recognition, and represents Taleo's continued momentum in the growing area of contingent workforce management and optimization. Taleo's comprehensive suite of solutions run worldwide talent management processes for all hire types, including professional, hourly and contingent labor.

The Taleo Contingent solution currently serves more than 100,000 contingent workforce hiring managers, 8,500 contingent labor supplier companies and services 98,000 contingent workers across its customer base.

"This is a significant milestone for our Contingent solution, and we are proud this achievement comes through complete organic growth, rather than through the acquisition of small, single-solution providers, as seen throughout the marketplace," said Michael Cruz, senior vice president, Taleo Contingent. "As our experience has shown, success in contingent workforce management, like many supply chain initiatives, is about maximizing a client's ability to implement their solutions across the entire enterprise. We look forward to working with our customers to expand and improve their contingent workforce initiatives and continuing to provide significant value throughout their entire organization."

With a specialty in large, complex enterprise implementations, Taleo Contingent provides a unique combination of technology and strategic outsourced services that are tailored to meet the highly dynamic procurement, human resource and legal aspects of the Global 2000 contingent workforce.

iLogos Research Director of Contingent Workforce Strategies Elaine Taylor said, "As macro-economic conditions continue to pressure companies toward greater flexibility in their labor hiring practices, many organizations have chosen to leverage a more strategic contingent workforce management program through technology to balance these fluctuations in labor requirements. This milestone for Taleo Contingent indicates that large and global organizations are placing an increasing emphasis on the importance of effectively managing their contingent labor through technology to bring cost-efficiencies, process improvements and risk reductions to their organizations."

About Taleo Corporation

Taleo Corporation is the world's leading company focused solely on on- demand talent management solutions that enable organizations to establish, automate and run worldwide talent management processes for salaried, hourly and temporary staff. Taleo customers use the company's solutions to enhance the quality, productivity and satisfaction of their workforces. Taleo solutions incorporate resource allocation principles to more accurately match total labor demand and supply across complex organizations. Among the company's leading market share of Fortune 500 enterprise customers are ARAMARK Corporation, Dow Chemical, HP, P&G, Starbucks Corporation, UnitedHealth Group and Washington Mutual, among many others.

Taleo received significant recognition during 2004 for its solutions, technologies and continued growth, including: "Top HR Product of the Year," -- HR Executive Magazine; "HR Technology Award for Creative & Innovative Development of HR Technology" -- IQPC; "TecHR Award for Staffing Process and Content Delivery Technologies" -- IDC and TecHR; "11th Fastest Growing Technology Company" -- Deloitte Technology Fast 500; 7th Fastest Growing Technology Company in Silicon Valley" -- Deloitte Fast 50; 23rd Fastest Growing Private Company in the Bay Area" -- San Francisco Business Times; "Software 500 Listing" -- Software Magazine's World's Most Foremost Software and Services Leaders; and "Top 100 Places to Work," MacLean's Magazine.


Source: Taleo Corporation

CONTACT: Kate Leeson, Taleo Corporation, +1-908-719-8922,
kleeson@taleo.com

Web site: http://www.taleo.com/


-------
Profile: intent