Taleo acquires Vurv for $130 million

New stage in the success story! The Canadian-born company has just acquired its U.S. competitor, Vurv Technology, for approximately $128.8 million in cash and stock.

The two companies decided to combine their expertise in order to expand their product offering: Vurv software will be integrated with Taleo’s technology platform. The company will also strengthen its positioning on the on-demand e-recruiting solutions market. The acquisition should be completed by the end of the second quarter of 2008.

Taleo Corporation was founded in Quebec in 1998 by Martin Ouelett, under the name of Recruitsoft. The company quickly opened offices in New York, Chicago, Montreal and Toronto, then in August 2001, in Paris and Amsterdam, followed by the U.K. and Australia. In 2005, it became a public company. The acquisition of Vurv marks a new stage in its dazzling development, allowing Taleo to serve over 3,400 customers around the world, including 48 of the Fortune 100, and 2,800 small and medium-sized businesses. The number of employees will jump from 650 to almost 1,000.

Together, we can help companies better manage workforce challenges brought about by shifting demographics, globalization, and low levels of engagement,” said Taleo president and CEO Michael Gregoire. “These challenges demand a new generation of talent management solutions that unify recruiting, performance, succession and compensation applications onto one comprehensive on-demand software platform.

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