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September 18, 2012

Oracle to acquire SelectMinds

The acquisition will extend Oracle’s social and mobile initiatives into talent management

By CBR Staff Writer

Oracle has entered into an agreement to acquire social talent applications vendor SelectMinds which uses social media tools to help recruiters.

The acquisition will help oracle to add social talent sourcing capabilities to its Talent Management Cloud, the company said.

By combining Oracle and SelectMinds’ social sourcing capabilities, the organisations are provided with new recruiting, candidate sourcing and talent management applications to reach quality referrals through social recruiting.

SelectMinds products has been already integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management applications.

The acquisition will also extends Oracle’s social and mobile initiatives into talent management, the company said.

Oracle Development executive vice president Thomas Kurian said: "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."

Both the companies have not disclosed the terms of the transaction.

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