Oracle is to splash out $2bn on employee recruiting and management services firm Taleo in a further effort to bolster its cloud computing offerings.
Taleo's cloud-based human capital management services are designed to help firms recruit new staff and maintain relationships with workers throughout their employment.
The company said Taleo would continue to operate as an independent company rather than being absorbed into one of Oracle's existing units.
"Taleo's integrated cloud-based talent management solutions optimise how organisations hire, manage, develop and reward their employees and gives companies the intelligence needed to capitalise on their most critical asset, their people," said Taleo chief executive Michael Gregoire.
"Joining forces with Oracle gives us the opportunity to better serve our customers."
Oracle said that it expects the deal to close by the middle of the year.
The acquisition comes in amid a spree of human capital management space acquisitions by large major IT vendors.
Ovum chief analyst Tim Jennings noted that the market has already begun to consolidate following similar acquisitions from SAP and Salesforce.com.
"These acquisitions indicate the increasing enterprise acceptance of the software-as-a-service (Saas) model, with HCM [Human Capital Management] following in the footsteps of customer relationship management as the next SaaS battleground," Jennings said.
"Taleo will further advance Oracle’s public cloud strategy, joining the recently closed acquisition of RightNow for customer service management, Oracle’s Social Network for collaboration, and Oracle’s own Fusion applications."
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