Taleo Cloud Computing
Today, if a traditional software company wants to deliver any significant function, there must be a schema change. With a schema change comes an upgrade, and, given the often-high degree of customization most customers apply, the cost for the upgrade becomes prohibitive. Hence, the business can’t move forward since the technology can’t move forward”
--Michael Gregoire, Chairman and CEO of Taleo. Former EVP at PeopleSoft.
Taleo helps companies of all sizes hire better, manage more effectively and accelerate the development of their workforce.
As of Q3, 2009, 4,200 organizations use Taleo for talent acquisition and performance management, including 46 of the Fortune 100 and over 3,500 small and medium sized businesses across 200 countries and territories. Taleo’s customers include Hyatt Hotels & Resort, Roche, and Applied Materials. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability.
From their Q3, 2009 financial statement, Taleo has $70 million of tangible assets after liabilities are deducted. For a comparable nine month period from 2008 to 2009, revenue has grown from 120 million to 147 million. Surprisingly, Taleo is not yet reporting a profit although total assets are up 12 million with only a 2 million increase in liabilities.
