Oracle to merge Fusion, Taleo HR mgmt software

BANGALORE, INDIA: Oracle Corp. (ORCL) has announced that it will merge its human resources offerings with services offered by Taleo Corp. (TLEO) when it closes its acquisition of the recruitment software specialist, Market Watch reports.

Oracle agreed to buy Taleo, a maker of web-based software for recruiting employees, for about $1.9 billion, as technology giants battle for the top spot in the fast-growing cloud computing market

Oracle's Fusion Human Capital Management software is highly experienced in handling everything from employee profiles to payroll, and benefits for hundreds of companies.

Also read: Oracle to buy cloud company Taleo for $1.9 bn

Oracle president Mark Hurd said that Taleo's employee recruitment, training and management tools would merge with Fusion, not run separate from Oracle's existing products, according to media reports.

Customers can purchase the bundle of more than one dozen features of the combined HR systems, or pick and choose the functions they want, Wall Street Journal states.

Combining Taleo and Oracle will allow the companies to invest more in R&D on the sector than Taleo could invest on its own, Hurd said. Oracle will continue to support the service on non-Oracle hardware systems for the 5000 customers that currently use Taleo.

"Our customers have been asking us to expand and become more end-to-end," says Mike Gregoire, CE of Taleo.

(Source: ITWeb)