Oracle buys SelectMinds to boost capabilities gained from Taleo acquisition

Oracle is battling SAP and now IBM in the HCM (human capital management) software market

Oracle on Monday said it has agreed to acquire SelectMinds, a maker of "social talent sourcing software," in a bid to flesh out the capabilities it gained through this year's US$1.9 billion acquisition of Taleo.

Terms of the deal, which is expected to close this year, were not disclosed.

SelectMinds' software aims to help organizations find high-quality job candidates through social media channels. Beyond posting job ads on sites such as Facebook and LinkedIn, companies can create "talent communities" and help their current employees share information about openings, according to SelectMinds' website.

"Recruiting candidates through employee referrals is widely acknowledged as the most effective method to find talent through trusted contacts," said Thomas Kurian, executive vice president of product development at Oracle, in a statement.

SelectMinds' products already work with Oracle's cloud-based recruiting, performance management and HCM (human capital management) software, according to the statement.

Oracle's Taleo acquisition was seen as a competitive response to SAP's purchase of Taleo competitor SuccessFactors. While Taleo's products are centered on talent management, Oracle is aligning them as a suite along with its Fusion HCM product, which covers areas such as payroll.

Software vendors are eager to get a strong foothold in the HCM market because the applications can potentially be licensed for many or all employees within a company, compared to more specialized software, which may only be used by a single department.

That desire was highlighted by IBM's recently announced $1.3 billion acquisition of HCM vendor Kenexa. IBM has long maintained that it has no interest in being a business applications provider and competing with the likes of Oracle and SAP, but the Kenexa deal marked a shift in that position.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?