RiseSmart to Streamline Outplacement Services for Taleo Business Edition Customers

July 20, 2010

RiseSmart, a leader in next-generation outplacement and recruitment process outsourcing solutions, today announced a partnership with Taleo, the leading provider of on-demand talent management solutions. The partnership expands Taleo Business Edition’s offboard module capabilities enabling Taleo Business Edition customers to get displaced employees back to work faster.

“We are in the business of transitioning talent. As more than 4500 organizations use Taleo to attract, hire and retain top talent, we found Taleo a good fit in managing talent through the offboarding process” said Sanjay Sathe, CEO and founder of RiseSmart. “This partnership will enable Taleo Business Edition customers to quickly and easily migrate their displaced employee talent-related data into RiseSmart’s Transition Concierge™ outplacement system. The major benefit will be accelerating time-to-placement for laid-off employees, which is our company’s No. 1 goal.”

Taleo Business Edition’s onboarding/offboarding module streamlines the processes for engaging with employees at hire and retire, which is traditionally slow and heavy on paperwork. Employee files are stored electronically, and information such as reviews, awards, and education can be easily added and stored.
Should an employee go through the offboarding process, their information can be converted via the Taleo Business Edition Cloud-based, open API services into a profile that RiseSmart uses to help that person find a new job with its Transition Concierge solution. With the immediate migration of employee data, the process of putting the displaced individual back to work can begin quickly and efficiently.

“Migrating crucial talent information into an outplacement profile for a displaced employee is something new for the transition management industry,” said Don Darrah, senior director of business development for Taleo Business Edition. “If the employee lifecycle ends in layoffs or right-sizing, that former employee benefits from a fast conversion to outplacement services.”

The Transition Concierge system also allows Taleo Business Edition customers to monitor the status of laid-off employees and measure time-to-placement with other key metrics.

“In all we do, RiseSmart is laser-focused on putting people back to work by streamlining and rethinking traditional outplacement processes. This partnership is a great example of that focus,” Sathe said.

For more information, visit www.RiseSmart.com.

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About RiseSmart

RiseSmart is the leading provider of next-generation outplacement solutions. The company leverages a cloud-based technology platform, proven methodologies and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing while reducing unemployment insurance taxes and severance costs. RiseSmart has received a wide range of awards and recognition from organizations including Bersin by Deloitte, the Best in Biz, Gartner Inc., the Golden Bridge Awards, LAROCQUE, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TIE.

RiseSmart, the RiseSmart logo, Transition Concierge, Transition Concierge To-Go, SmartRedeploy, Recruit Concierge, Talent Assurance, Job Assurance, SmartConsult, SmartSource, and Transitioning Talent. Changing Lives. are trademarks of RiseSmart, Inc. All other trademarks are the property of their respective owners.

For more information, visit http://www.RiseSmart.com.

About Taleo

About Taleo Taleo’s cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. More than 4,500 customers use Taleo for talent acquisition, performance and compensation management, including 49 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers and more than 200 million candidates, 100 partners and industry experts.

Forward-looking Statements
This release contains forward-looking statements, including statements regarding the results from use of Taleo's solutions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 7, 2010, and in other reports filed by Taleo with the SEC.