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Taleo Names Michael Gregoire Chairman of the Board
Market Wire, June, 2008
Taleo (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that Michael Gregoire has been appointed Chairman of Taleo's Board of Directors. Gregoire will undertake this responsibility in addition to his current role as President and CEO of Taleo. Gregoire assumes the role from Eric Herr, who has been appointed to the position of Lead Independent Director.
Since 2005, Gregoire has served as the President and CEO of Taleo. During his tenure at the company, Gregoire took the company public and guided it to its current position as one of the largest on-demand software companies in the world and one of the few profitable SaaS companies operating today. Under Gregoire's leadership, Taleo expanded its market leadership position in the enterprise recruiting space by offering recruiting solutions for small- to medium-sized businesses and launching a highly acclaimed Performance Management solution. The company is now the leader in talent management with more than 1,700 customers including 35 of the Fortune 100. Most recently, Gregoire led the acquisition of Vurv Technology, Inc., a privately held talent management software provider, which is expected to close in the next few months. The acquisition is expected to enhance Taleo's ability to meet market demand.
"As the incoming Chairman, I am honored to continue working with such a tremendous board of directors as we extend our position as the leader in the talent management market," said Michael Gregoire, Chairman and Chief Executive Officer. "I am very pleased with our progress to date and look forward to leading this company to the next phase of growth."
Prior to Taleo, Gregoire served as an officer and Executive Vice President of enterprise software company PeopleSoft. Before joining PeopleSoft, Gregoire was the Executive Director of the EDS New York Information Solutions Organization based in New York City.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on-demand unified talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,700 organizations use Taleo, including 35 of the Fortune 100, for talent acquisition and performance management, with over 1.2 million users hiring 3.6 million employees from 86 million candidates in more than 190 countries and territories. Known for its strong configurability and usability, Taleo's talent management platform runs on a world-class infrastructure and offers 99.9% availability.
Forward-looking Statements
This release contains forward-looking statements, including statements regarding the expected results of Taleo's acquisition of Vurv Technology, Inc. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 14, 2008, Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 12, 2008, and in other reports filed by Taleo with the SEC.
Media Contact: Nicole Pack Horn Group 415.905.4035 npack@horngroup.com Investor Relations Contact: Carolyn Bass Market Street Partners 415.445.3232 carolyn@marketstreetpartners.com