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Press Release: Taleo Corporation
December 22, 2004
SAN FRANCISCO, CA -- Taleo Corporation, the leading provider of enterprise talent management solutions and services,
yesterday announced that Cendant Corporation, a premier provider of travel and residential real estate services
to businesses and consumers, has successfully completed its Phase One global implementation of Taleo's enterprise
talent management solutions.
Phase One of the implementation replaced Cendant's existing, first generation applicant tracking system (ATS) with
Taleo's enterprise talent management solutions, throughout business units in Cendant's North America, Europe and
Asia Pacific operations. With Taleo's talent management solutions, including Taleo Professional, Taleo Workforce
Mobility and Taleo Agency, Cendant is now able to manage all types of hires on a single technology platform, ensuring
global consistency throughout its internal mobility and staffing processes.
"Cendant maintains many of the world's most recognized global brands throughout our business units including
Orbitz, Sotheby's, Avis, and Ramada, and it was important to us to partner with a company who has helped other
leading global organizations to further productivity through effective human capital management," said Freddye
Silverman, vice president, HR technology solutions, Cendant Corporation. She continued, "Taleo's solutions
are extremely flexible, which allows our business units to easily configure solutions that meet the unique needs
of their business, including individual branding specifications."
"We selected Taleo because of the company's ability to demonstrate proven results, process efficiencies, and
impressive cost benefit analysis for its other large and global customers. Our implementation was very successful
and we look forward to expanding the scope of the Taleo solutions to help us ensure process and cost efficiencies
globally," added Silverman.
Taleo Agency, a solution designed to easily link organizations with staffing agencies to further streamline the
process and ensure pricing consistencies, was also implemented at Cendant. Taleo's team of consultants worked to
ensure that 130 agencies will utilize Taleo Agency to refer candidates and track agency ownership. Global staffing
metrics and reporting capabilities were also implemented, providing Cendant with key benchmarks and statistics
to help measure, improve and evolve talent management programs to further enhance productivity through increasing
process consistency.
Taleo Chairman and CEO Louis Tetu stated, "We are very pleased to be working with Cendant to provide them
with enterprise talent management solutions and look forward to working closely with them as a partner in their
human capital management efforts. We are confident that we will deliver increased productivity, retention and quality
of hire to Cendant and look forward to helping them achieve significant enterprise value through staffing management."
Plans for Cendant's Phase Two roll out include further implementations of Taleo's solutions to other global entities
and business units. As part of Phase Two, Cendant is also considering potential integrations with third parties
through Taleo's Partner Staffing Services (T/PaSS), that offers staffing services along the staffing supply chain,
including background checks, tax credit screening, and reference checking, among others.
About Cendant
With approximately 90,000 employees, New York City-based Cendant Corporation (NYSE: CD) is primarily a provider
of travel and residential real estate services to businesses and consumers in more than 100 countries. Cendant's
Hotel Group, based in Parsippany, N.J., is the world's largest lodging franchisor with 6,331 hotels representing
507,603 rooms on five continents under the Super 8®, Days Inn®, Ramada®, Travelodge®, Howard Johnson®,
Knights Inn®, Wingate Inn® and AmeriHost Inn® brands. Cendant's franchised hotels sell nearly one out
of every five economy and midpriced room-nights in the United States, and Cendant franchises 10.4 percent of the
entire U.S. hotel room supply, according to Smith Travel Research and Cendant financial data. All hotels are individually
owned and operated under franchise agreements with Cendant subsidiaries.
About Taleo Corporation
Taleo Corporation (formerly Recruitsoft, Inc.) is the leading provider of enterprise talent management solutions
that enable organizations to establish, automate and manage worldwide talent management processes for salaried,
hourly and temporary staff. Taleo customers use the company's solutions to enhance the quality, productivity and
satisfaction of their workforces. Taleo solutions incorporate resource allocation principles to more accurately
match total labor demand and supply across complex organizations. Among the company's leading marketshare of F500
enterprise customers are ARAMARK Corporation, Dow Chemical, HP, P&G, Starbucks Corporation, UnitedHealth Group,
and Washington Mutual, among many others. Taleo maintains the industry's leading uptime for its solutions delivered
over the Internet to nearly 400,000 users in 87 countries, and serves 20 million candidates from 190 of the world's
193 countries and independent states. Taleo's principal office is located in San Francisco, CA.
Taleo has received significant recognition during 2004 for its solutions, technologies and continued growth, including:
"Top HR Product of the Year," - HR Executive Magazine; "HR Technology Award for Creative & Innovative
Development of HR Technology" - IQPC; "TecHR Award for Staffing Process and Content Delivery Technologies"
- IDC and TecHR; "11th Fastest Growing Technology Company" - Deloitte Technology Fast 500; 7th Fastest
Growing Technology Company in Silicon Valley" - Deloitte Fast 50; 23rd Fastest Growing Private Company in
the Bay Area" - San Francisco Business Times; "Software 500 Listing" - Software Magazine's World's
Most Foremost Software and Services Leaders; and "Top 100 Places to Work," MacLean's Magazine.
Source: Taleo Corporation