Oracle announced Thursday that it plans to acquire Taleo, which provides a cloud-delivered human capital management (HCM) application.
The $1.9 billion deal is expected to bolster Oracle's presence in two fast-growing markets, cloud-computing and HCM. It also answers SAP's $3.4 billion bid to acquire SuccessFactors, a deal that has yet to be consummated.
Taleo's Talent Management Cloud applications help employers manage their human resource costs and workforce, from attracting and developing employees, to setting goals and measuring performance, to incenting performance and retention through pay plans and career-path development.
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