Taleo Corporation Announces Proposed Public Offering of 3,662,668 Shares of Class A Common Stock

DUBLIN, Calif., May 11 /PRNewswire-FirstCall/ -- Taleo Corporation today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 3,662,668 shares of its Class A common stock. All of the shares in the offering are being offered by certain selling stockholders. Deutsche Bank Securities Inc., CIBC World Markets Corp., and ThinkEquity Partners LLC will be the managing underwriters for the offering. Deutsche Bank Securities Inc. will serve as the sole book-running manager. The underwriters have an option to purchase up to 549,400 shares of Class A common stock from the selling stockholders solely to cover over-allotments, if any.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

A copy of the preliminary prospectus relating to these securities may be obtained, when available, from Deutsche Bank Securities Inc., Attention: Prospectus Department at 100 Plaza One, Jersey City, NJ 07311 (telephone [phone]); CIBC World Markets Corp., Attention: Prospectus Department at 222 Berkley Street, Floor 19, Boston, MA 02116 (telephone [phone]); or ThinkEquity Partners LLC, Attention: Prospectus Department at 600 Montgomery Street, 8th Floor, San Francisco, CA 94111 (telephone [phone]).

About Taleo

Taleo Corporation delivers on demand talent management solutions that enable organizations of all sizes, around the world, to assess, acquire, develop, and align their workforce for improved business performance.
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