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Oracle Buys Taleo, Counters SAP-SuccessFactors In the Cloud
February 9, 2012
2 Min Read
By samdizzy
Oracle CEO Larry Ellison
Oracle is buying Taleo Corp. for $1.9 billion, marching into the cloud-based talent market and countering SAP‘s recent buyout of SuccessFactors. In essence, Oracle and SAP are trading big punches in the cloud computing industry. Just last week, SAP predicted it would be a cloud services leader within three years. But Oracle’s buyouts of Taleo and RightNow (in 2011) suggest CEO Larry Ellison will stay on the offensive.According to a prepared statement from Oracle:
“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.”
SAP made a similar acquisition in 2011, buying SuccessFactors for $3.4 billion.
Cloud Computing Mergers, Acquisitions
Taleo is the latest member of our Talkin’ Cloud Stocks Index to get acquired in the past year. Previous index members to get snapped up include Savvis, SuccessFactors, Terremark and RightNow, just to name a few. Shares in cloud computing companies have rallied significantly so far in 2012. Our Talkin’ Cloud Stock Index, which tracks 20 SaaS and cloud companies, is up 14.36 percent from January 1 through February 3, 2012.
Oracle, meanwhile, is trying to rally on multiple fronts. In addition to cloud acquisitions like Taleo and RightNow, Oracle continues to promote its hardware and software to channel partners. Oracle President Mark Hurd and Channel Chief Judson Althoff last week hosted roughly 100 Oracle partners at the company’s Redwood Shores, Calif., headquarters. The private gathering included briefings about Oracle’s long-term R&D plans.
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