Oracle buys "human capital" firm in $1.9 billion deal | Bangkok Post: tech

Oracle on Thursday announced a $1.9-billion deal to buy Internet-based "human capital" management firm Taleo Corporation.

The Oracle logo is seen in San Francisco in 2011. Oracle on Thursday announced a $1.9-billion deal to buy Internet-based "human capital" management firm Taleo Corporation.

"Human capital management has become a strategic initiative for organizations," Oracle development executive vice president Thomas Kurian said in a release.

"Taleo's industry leading talent management cloud is an important addition to the Oracle Public Cloud."

Taleo's online "management cloud" is designed to help company's attract, develop, motivate and retail talented workers, according to Oracle.

Taleo was to be woven into Oracle Internet "cloud" services and pitched as a tool for company's to manage human resources and employee careers.

The board of directors at Taleo, located near Oracle's headquarters in Northern California, has approved the deal which must win the support of stockholders.

"Taleo's 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 company chief executive Michael Gregoire.

"Joining forces with Oracle gives us the opportunity to better serve our customers."