Taleo announced last week that it will be acquiring Worldwide Compensation for up to $16 million. Taleo has partnered with the California-based company since early 2008, and the acquisition is expected to complete in early 2010. Worldwide Compensation offers compensation solutions for global organizations, including total compensation planning software and tools for base and variable pay for global organizations.
Taleo’s recent acquisition introduces another prong to its multi-pronged talent management vision, which is now comprised of Recruiting, Performance Management, and Compensation. Taleo, founded in 1999 as a recruiting software provider, has made a fair number of acquisitions over the past two years within the recruiting space, including Vurv, one its major competitors in the ATS market. The company built its Performance Management system organically and released it in early 2008. Worldwide Compensation represents the company's first major acquisition outside of the recruiting realm (although Vurv did dabble a bit in performance and compensation as well). As of mid-last week, Taleo also announced a partnership with Learn.com.
With the downturn economy proving to be fertile ground for acquisitions, this recruiting heavy weight has been (and still is, it seems) poised to knock out its existing competition and its missing talent management pieces through acquisitions. The question remains, however, whether HR organizations today are ready for these integrated technologies.
To learn more about Taleo’s recruiting capabilities, check out the Roundtable’s Taleo Vendor Review (members only).
Written by: Xi Chen
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