Oracle purchases cloud-based HR management software developer

In a deal that complements its earlier acquisition of cloud-based human resource management application vendor Taleo, Oracle Corp. (NASDAQ: ORCL) announced its acquisition this week of SelectMinds, a provider of cloud-based social talent sourcing and corporate alumni management applications.

The company’s applications help recruiters, hiring managers and employees leverage social connections to distribute job opportunities, source higher quality referrals, market their employment brand and manage corporate alumni relationships. The goal is to tap into higher-quality talent by leveraging employees’ social connections.

“Oracle’s proposed acquisition of SelectMinds represents a strong endorsement of SelectMinds intuitive social sourcing technology and the value customers have achieved with our solutions. We’re excited to be a part of Oracle, and look forward to combining our resources to better serve and support customers with more global scale,” said Anne Berkowitch, CEO and Founder of SelectMinds, in a statement.

Oracle said it expects the combination of Oracle and SelectMinds’ complementary social sourcing capabilities will create a comprehensive recruiting, candidate sourcing, and talent management offering. SelectMinds products are already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions.

“Recruiting candidates through employee referrals is widely acknowledged as the most effective method to find talent through trusted contacts. Making recruiting efforts efficient and seamless by leveraging social connections and through mobile applications helps companies find better quality candidates and continue to build the pipeline for future talent,” said Thomas Kurian, executive vice-president, Oracle Development, in a statement. “By adding SelectMinds to Oracle’s Talent Management Cloud, Oracle can help customers with a complete talent management solution, enabling streamlined recruiting practices, more quality referrals, faster employee on-boarding, and better performance.”

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN Staff
CDN Staff
For over 25 years, CDN has been the voice of the IT channel community in Canada. Today through our digital magazine, e-mail newsletter, video reports, events and social media platforms, we provide channel partners with the information they need to grow their business.

Related Tech News

Featured Tech Jobs


CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.