UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant ¨
Filed by a Party other than the Registrant x
Check the appropriate box:
¨ | Preliminary Proxy Statement |
¨ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
¨ | Definitive Proxy Statement |
¨ | Definitive Additional Materials |
x | Soliciting Material Pursuant to §240.14a-12 |
Taleo Corporation
(Name of Registrant as Specified In Its Charter)
Oracle Corporation
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box): | ||||
x |
No fee required. | |||
¨ |
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |||
(1) | Title of each class of securities to which transaction applies: | |||
| ||||
(2) | Aggregate number of securities to which transaction applies: | |||
| ||||
(3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |||
| ||||
(4) | Proposed maximum aggregate value of transaction: | |||
| ||||
(5) | Total fee paid: | |||
| ||||
¨ |
Fee paid previously with preliminary materials. | |||
¨ |
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||
(1) | Amount Previously Paid: | |||
| ||||
(2) | Form, Schedule or Registration Statement No.: | |||
| ||||
(3) | Filing Party: | |||
| ||||
(4) | Date Filed: | |||
|
Filed by Oracle Corporation
Pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Subject Company: Taleo Corporation
Commission File No.: 000-51299
|
Press Release |
Oracle Buys Taleo
Adds Leading Talent Management Cloud Offering to the Oracle Public Cloud
Redwood Shores February 9, 2012
Oracle today 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 Taleos cash and debt. Taleos Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.
Together, Oracle and Taleo expect to create a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers. The combination is expected to empower employees and managers to effectively manage careers throughout their entire employment, enable organizations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members via social media.
The Board of Directors of Taleo has unanimously approved the transaction. The transaction is expected to close mid-year 2012, subject to Taleo stockholder approval, certain regulatory approvals and other customary closing conditions.
Human capital management has become a strategic initiative for organizations, said Thomas Kurian, Executive Vice President, Oracle Development. Taleos industry leading talent management cloud is an important addition to the Oracle Public Cloud.
Taleos integrated cloud-based talent management solutions optimize how organizations hire, manage, develop and reward their employees and gives companies the intelligence needed to capitalize on their most critical asset their people, said Michael Gregoire, Chairman and CEO, Taleo. Joining forces with Oracle gives us the opportunity to better serve our customers.
More information on this announcement can be found at http://www.oracle.com/taleo
About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.
Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Taleo, including statements that involve risks and uncertainties concerning Oracles proposed acquisition of Taleo, anticipated customer benefits and general business outlook. When used in this document, the words anticipates, can, will, look forward to, expected and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Taleo that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or Taleo may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Taleo. In addition, please refer to the documents that Oracle and Taleo, respectively, file with the U.S. Securities and Exchange Commission (the SEC) on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracles and Taleos respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Taleo is under any duty to update any of the information in this document.
Additional Information about the Merger and Where to Find It
In connection with the proposed merger, Taleo will file a proxy statement with the SEC. Additionally, Taleo and Oracle will file other relevant materials in connection with the proposed acquisition of Taleo by Oracle pursuant to the terms of an Agreement and Plan of Merger by and among, Taleo, OC Acquisition LLC, a wholly owned subsidiary of Oracle, Tiger Acquisition Corporation, a wholly-owned subsidiary of Oracle, and Oracle. The materials to be filed by Taleo with the SEC may be obtained free of charge at the SECs web site at www.sec.gov. Investors and security holders of Taleo are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger. Oracle, Taleo and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Taleo stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Oracles executive officers and directors in the solicitation by reading the proxy statement and other relevant materials filed with the SEC when they become available. Information concerning the interests of Taleos participants in the solicitation, which may, in some cases, be different than those of Taleos stockholders generally, is set forth in the materials filed with the SEC on Form 10-K and will be set forth in the proxy statement relating to the merger when it becomes available.
Contact Info
Carol Sato | Ken Bond | |||
Oracle Corporate Communications | Oracle Investor Relations | |||
+1.650.633.5551 | +1.650.607.0349 | |||
carol.sato@oracle.com | ken.bond@oracle.com |
Oracle
Buys Taleo Adds Leading Talent Management Cloud Offering to the Oracle
Public Cloud February 9, 2012
Filed by Oracle Corporation
Pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Subject Company: Taleo Corporation
Commission File No.: 000-51299 |
2
Oracle is currently reviewing the existing Taleo product roadmap and will be providing guidance to
customers in accordance with Oracle's standard product communication policies. Any resulting
features and timing of release of such features as determined by Oracle's review of Taleos product roadmap are at the sole
discretion of Oracle. All product roadmap information, whether communicated by Taleo or by
Oracle, does not represent a commitment to deliver any material, code, or functionality, and
should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into
any contract.
Cautionary Statement Regarding Forward-Looking Statements This presentation contains
certain forward-looking statements about Oracle and Taleo, including statements that involve risks and uncertainties concerning
Oracle's proposed acquisition of Taleo, anticipated customer benefits and general business
outlook. When used in this presentation, the words "anticipates", can",
will, "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as
forward-looking statements. Any such statement may be influenced by a variety of factors, many of
which are beyond the control of Oracle or Taleo, that could cause actual outcomes and results
to be materially different from those projected, described, expressed or implied in this presentation due to a number of risks
and uncertainties. Potential risks and uncertainties include, among others, the possibility that the
transaction will not close or that the closing may be delayed, the anticipated synergies of the
combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely
manner, if at all, general economic conditions in regions in which either company does business, and
the possibility that Oracle or Taleo may be adversely affected by other economic, business,
and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what impact they will have on the results
of operations or financial condition of Oracle or Taleo. In addition, please refer to the
documents that Oracle and Taleo, respectively, file with the U.S. Securities and Exchange Commission (the SEC) on Forms 10-K,
10-Q and 8-K. These filings identify and address other important factors that could cause
Oracle's and Taleos respective operational and other results to differ materially from
those contained in the forward-looking statements set forth in this presentation. You are cautioned to not place undue reliance on forward-looking
statements, which speak only as of the date of this presentation. Neither Oracle nor Taleo is under
any duty to update any of the information in this presentation.
Additional Information about the Merger and Where to Find It In connection with the proposed
merger, Taleo will file a proxy statement with the SEC. Additionally, Taleo and Oracle will file other relevant materials in
connection with the proposed acquisition of Taleo by Oracle pursuant to the terms of an Agreement and
Plan of Merger by and among, Taleo, OC Acquisition LLC, a wholly owned subsidiary of Oracle,
Tiger Acquisition Corporation, a wholly-owned subsidiary of Oracle, and Oracle. The materials to be filed by Taleo with the
SEC may be obtained free of charge at the SEC's web site at www.sec.gov. Investors and security
holders of Taleo are urged to read the proxy statement and the other relevant materials when
they become available before making any voting or investment decision with respect to the proposed merger because they will
contain important information about the merger and the parties to the merger. Oracle, Taleo and their
respective directors, executive officers and other members of their management and employees,
under SEC rules, may be deemed to be participants in the solicitation of proxies of Taleo stockholders in connection with the
proposed merger. Investors and security holders may obtain more detailed information regarding the
names, affiliations and interests of certain of Oracle's executive officers and directors in
the solicitation by reading the proxy statement and other relevant materials filed with the SEC when they become available.
Information concerning the interests of Taleos participants in the solicitation, which may, in
some cases, be different than those of Taleos stockholders generally, is set forth in the
materials filed with the SEC on Form 10-K and will be set forth in the proxy statement relating to the merger when it becomes available.
|
3
What We Are Announcing
Oracle buys Taleo
Empowers employees and managers to effectively manage careers throughout their
entire employment
including planning and budgeting, recruiting and on boarding, administration of
benefits and payroll, and career development and transition
Enables organizations to retain talent and optimize costs, establish and align
employee goals, streamline hiring processes, and accelerate leadership
development
Improves employee experience through faster on boarding and better collaboration
with team members via social media
Combination creates a comprehensive cloud offering for organizations to
manage their Human Resource operations and employee careers
Taleo is a leading provider of cloud-based talent management software that
helps organizations attract, develop, motivate and retain human capital to
improve business performance and drive growth
Headquartered in Dublin, CA, with over 1,400 employees worldwide
Over 5,000 enterprises of all sizes rely on Taleo across many industries
Taleos cloud manages 15% of all US hires and is one of the worlds
largest cloud deployments with nearly 16 billion transactions per
year
About Taleo
Transaction is expected to close mid-year 2012
Adds leading talent management cloud offering to the Oracle Public Cloud
|
4
Database
Service
Java
Service
Oracle Social
Network
Data
Service
Security
Service
Talent Management
+
Fusion
Sales and
Marketing
Fusion
Human Capital
Management
Oracle
RightNow
Service
Oracle Adds Taleos Talent Management Cloud
to the Oracle Public Cloud
Fusion
ERP |
5
Taleos Talent Management Cloud
Delivers Unified Talent Management
Taleo Recruiting and On Boarding
Identify qualified applicants by connecting candidate performance and
retention data with sourcing and recruitment requirements
Reduce new employee on boarding cycle time from days to minutes
Taleo Performance and Goals
Real-time intelligence to drive performance assessment and set career
goals
Provide employees with regular and timely feedback and coaching
Taleo Compensation
Provides managers with real-time insight into organizational budget
Reward and retain high performers and make better investment in key
talent
Taleo Succession
Evaluate experience and skills to identify and develop future company
leaders
Taleo Learning and Development
Design and deliver curriculum and learning events
Track training to meet compliance needs
REPORTING
& ANALYTICS |
6
Effective Management
Staff, align and incent teams
to ensure productivity and
results
Plan, with a consolidated view
of headcount, budgets and
costs
Make better decisions with
complete workforce visibility
and business intelligence
Company Value
Find the right new job, quickly
get on board and up-to-speed
Develop a career path and
enhance skills for new roles
Build relationships across the
organization to enhance
productivity
Employee Value
Collaborate with employees to
provide better service delivery
with social media capabilities
Effective, compliant actions
with complete employee
information
Drive better talent practices
throughout the organization
HR Value
Empowered HR Team
Motivated Employees
Oracle and Taleo
Creates
Comprehensive
Cloud
Offering
to
Manage
HR
Operations
and
Employee
Careers |
7
Oracle and Taleo
Delivering Great Experiences Throughout the Employee Lifecycle
Creates a comprehensive cloud offering to manage Human
Resources and employee careers
Improves employee experience
Delivers powerful intelligence and a complete social
experience
Provides managers complete knowledge of internal capabilities
and skills needed to grow the company
Provides visibility into employee profiles and access to talent
pools to source ideal candidates
Increases employee retention rates by better aligning candidates
to business requirements, and the right compensation and
growth opportunities
Simplifies on boarding by streamlining new hire paper work
Quickly aligns employees to company goals
Empowers employees with access to learning and career
management tools
Develop career opportunities with ongoing job performance and
goal assessment
Collaborate between teams and HR using social networks to
gain insight about the company, key projects and how to get
involved |
8
Complexity Solved With Taleo
Simplified hiring, faster on
boarding and training for
seasonal workforces
Competitive business
environment requires advanced
career management programs
to retain top talent
Tap into contingent workforces
(contractors, temps,
outsourcers) for recruiting
efforts
Manage, recruit and develop
global workforce under local
guidelines and languages
Ongoing training helps reduce
potential workplace safety
incidents
* Customer Information and Logos Provided by Taleo
Taleos Customers Include Leaders Across
Industries
Retail &
Hospitality
Financial
Services
Technology
Media &
Entertainment
Travel
Energy &
Mining
Healthcare |
9
Taleo Success Story: Hyatt
Easily Identify Top Candidates, Improving Productivity By 50%
COMPANY OVERVIEW:
CHALLENGES:
* Customer Information and Logos Provided by Taleo
Hyatt is a leading global
hospitality company with 478
properties in 45 countries and
more than 75,000 employees
Needed to assess cultural fit, customer service
values and work ethic, when selecting best
candidates for entry level positions
TALEO PROVIDES:
Recruiting
RESULTS:
Integrated prescreening tools and behavioral
assessments focus managers on high quality
candidates
Recruiters are able to access the Taleo system via
mobile devices to quickly make offers on open
positions
Fills thousands of jobs annually while cutting costs
and turnover, reducing advertising expenses by
50%, and increasing productivity by 50% |
10
Taleo Success Story: Rogers
Improved Hiring Decisions and Driving Down Attrition Rates
COMPANY OVERVIEW:
CHALLENGES:
Recruitment efforts required more formalized
TALEO PROVIDES:
Recruiting
On boarding
Performance and Succession
RESULTS:
Reduced time to hire by 15%
Drove down attrition by 46% with improved
candidate prescreening
Drastically improved productivity and reduced
operational costs with talent intelligence
* Customer Information and Logos Provided by Taleo
As Canadas top communications
and media organization, Rogers
strives to be the best at what
they do
bringing innovative
products and first-rate customer
service to the marketplace
methods to optimize effectiveness of recruiters |
11
Oracle and Taleo
Complementary Talent Management and Human Capital Management Solutions
Taleo brings
complementary
solutions to the
Oracle Public
Cloud
Taleo brings leading Talent Management solutions to the Oracle Public Cloud
Oracle offers best-in-class Cloud services: Fusion Human Capital
Management, Fusion
ERP,
Fusion
Sales
and
Marketing,
Oracle
RightNow
Service,
Oracle
Social
Network,
Database
Service,
Java
Service,
Data
Service
and
Security
Service
Oracles BI and Middleware can offer value to Taleos customers
Oracles and Taleos solutions together enable enterprises to establish
best practices across all Human Capital activities, accelerate adoption,
and quickly create value
Taleo is a
leading provider
of cloud
-
based
talent
management
solutions
15% of all US hires flow through Taleo, processing up to 74 million transactions
per day
Nearly half of the top 30 career sites in the world are powered by Taleo
240 million candidates are on Taleo Talent Exchange, a marketplace for
sourcing candidates
Experienced team with specialized skills for developing, selling, servicing,
operating and supporting talent management cloud solutions
|
|
Filed by Oracle Corporation
Pursuant to Rule 14a-12 under the Securities Exchange Act of 1934
Subject Company: Taleo Corporation
Commission File No.: 000-51299
Overview and Frequently Asked Questions
Overview
Oracle Buys Taleo
Adds Leading Talent Management Cloud Offering to the
Oracle Public Cloud
2
Filed by Oracle Corporation | ||
Pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 | ||
Subject Company: Taleo Corporation | ||
Commission File No.: 000-51299 |
Oracle Customers and Partners,
On February 9, 2012, Oracle announced that it has entered into an agreement to acquire Taleo Corporation, a leading provider of cloud-based talent management. The proposed transaction is subject to Taleo stockholder approval, certain regulatory approvals, and customary closing conditions and is expected to close mid-year 2012. Until the deal closes, each company will continue to operate independently, and it is business as usual.
Taleos Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.
Together, Oracle and Taleo expect to create a comprehensive cloud offering for organizations to manage their Human Resource operations and employee careers. The combination is expected to empower employees and managers to effectively manage careers throughout their entire employment, enable organizations to retain talent and optimize costs, and improve the employee experience through faster on boarding and better collaboration with team members via social media.
Taleos industry leading talent management cloud is an important addition to the Oracle Public Cloud offering.
Please visit oracle.com/taleo for more information.
Regards,
Thomas Kurian
Executive Vice President
Oracle Development
Oracle is currently reviewing the existing Taleo product roadmap and will be providing guidance to customers in accordance with Oracles standard product communication policies. Any resulting features and timing of release of such features as determined by Oracles review of Taleos product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Taleo or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Taleo, including statements that involve risks and uncertainties concerning Oracles proposed acquisition of Taleo, anticipated customer benefits and general business outlook. When used in this document, the words anticipates, can, will, look forward to, expected and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Taleo that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or Taleo may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Taleo. In addition, please refer to the documents that Oracle and Taleo, respectively, file with the U.S. Securities and Exchange Commission (the SEC) on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracles and Taleos respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Taleo is under any duty to update any of the information in this document.
Additional Information about the Merger and Where to Find It
In connection with the proposed merger, Taleo will file a proxy statement with the SEC. Additionally, Taleo and Oracle will file other relevant materials in connection with the proposed acquisition of Taleo by Oracle pursuant to the terms of an Agreement and Plan of Merger by and among, Taleo, OC Acquisition LLC, a wholly owned subsidiary of Oracle, Tiger Acquisition Corporation, a wholly-owned subsidiary of Oracle, and Oracle. The materials to be filed by Taleo with the SEC may be obtained free of charge at the SECs web site at www.sec.gov. Investors and security holders of Taleo are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger. Oracle, Taleo and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Taleo stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Oracles executive officers and directors in the solicitation by reading the proxy statement and other relevant materials filed with the SEC when they become available. Information concerning the interests of Taleos participants in the solicitation, which may, in some cases, be different than those of Taleos stockholders generally, is set forth in the materials filed with the SEC on Form 10-K and will be set forth in the proxy statement relating to the merger when it becomes available.