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Taleo Corporation Acquires Cytiva Software
The acquistion of Cytiva Software solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base for its unified talent management platform
Jason Moreau
,
CEO
We interviewed five M&A firms, selecting SEG because they understood both my business and exit objectives instantly, and knew precisely how to best present our value proposition to strategic buyers. SEG found the ideal acquisition partner for us, negotiated the most favorable deal for both parties, and provided superior guidance to our board and executive team through every step of the transaction."
- Jason Moreau, Former CEO, Cytiva Software
SEG served as exclusive advisor to Cytiva Software
Client Description
The company
Cytiva Software Inc. (TSX-V: CRX) is a leading midmarket provider of on-demand recruiting software solutions.
Headquarters
Vancouver, Canada
Buyer Description
The company
Taleo Corporation (NASDAQ: TLEO) is a leading provider of on-demand talent management solutions.
Headquarters
Dublin, CA
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PRESS RELEASE OVERVIEW
Software Equity Group’s Client, Cytiva Software, Acquired by Taleo
SAN DIEGO, CA – April 4, 2011. Software Equity Group, LLC (SEG) announced today that Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, completed the acquisition of SEG’s client, Cytiva Software Inc. (TSX-V: CRX), a leading midmarket provider of on-demand recruiting software solutions.
This acquisition solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base for its unified talent management platform.
“We are excited about the opportunity to continue providing Cytiva’s customers with a high level of service and support while bringing them the advantages of Taleo’s full suite of recruiting, performance, succession, compensation and learning capabilities,” said Michael Gregoire, Chairman and CEO of Taleo in a separate press release by the company.
Taleo’s cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. Nearly 20 million people, worldwide, use Taleo for talent acquisition, performance and compensation management, including 48 of the Fortune 100.
Cytiva Software Inc. provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship recruiting software product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people.