Taleo Corporation (TLEO), a provider of on-demand talent management solutions, saw its shares jump yesterday to a 52-week high at $27.93, according to LearningMarkets.com.
LearningMarkets attributes the jump to investor confidence, writing, “Clearly, investors are enthusiastic about the firm’s prospects.”
Taleo recently publicized several high-profile partnerships and a renovation of its Talent Intelligence platform at their 2010 global user group event.
Just last week, Taleo announced a partnership with Avature, a global provider of recruitment technology and services. Avature joined the Solution Exchange, the online solutions marketplace of Taleo’s Talent Grid, so that Taleo customers could learn more about Avature’s Candidate Relationship Management (CRM) offering.
Taleo’s Talent Grid appears to be attracting lots of buzz. Taleo calls it “the first and only cloud-based community of its kind. . . the Talent Grid harnesses the power of online communities and mass participation in the cloud to provide Taleo customers with superior talent intelligence.”
The Talent Grid was launched a year ago to enable Taleo’s global ecosystem of 4,700 customers, 100 partners and 200 million candidates to connect online to gather the insight on the global talent marketplace, share industry best practices and access third party solutions that can add to the Taleo talent profile.
In a press release discussing Taleo’s global user event, the company’s CEO discussed why he thinks Taleo has enjoyed a year of big gains in 2010.
“The talent management industry is at an inflection point, ready to deliver a ‘closed loop’ of content about the past, present and future potential of an organization’s talent,” said Michael Gregoire, Chairman and CEO of Taleo. “Just as the 80’s delivered ERP for manufacturing, the 90’s delivered financial analytics for CFO’s, and last decade delivered sales force automation to close the customer sales loop; this is the decade for Talent Management. CEO’s recognize that people are their best, appreciating assets. Taleo’s Talent Intelligence delivers a distinct competitive advantage with insight on talent that can inform business growth initiatives.”
