Taleo CEO Michael Gregoire said in an interview Friday that the Dublin-based talent management software maker is looking to spend several million dollars to acquire more competitors.
Taleo, whose clients include JPMorgan Chase & Co. and Starbucks, spent $128 million last year to buy competitor Vurv Technology Inc.
According to InsideBayArea.com, Taleo has around $50 million to spend. To finance buyouts, the company would use some of its $62 million in cash and might seek an equity or debt offering if more were needed. Taleo has no long-term debt.
Shares of Taleo jumped as much as 15 percent Monday after Gregoire said in an interview on Bloomberg.com that the company is expecting strong revenue growth for 2010, as long as the economy keeps improving.
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August 27th, 2009 at 12:51 pm
[...] reading speculation this week that Taleo is preparing for another acquisition, it got me thinking…“Who should they [...]
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