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Monday, July 15, 2013

ORACLE TO BUY SOCIAL RECRUITING AUTOMATION COMPANY

➤ Redwood Shores, Calif.,- based Oracle announced that it will acquire New York-based SelectMinds, which offers cloud software that automates social media-related personnel recruiting tasks. In a press release, Oracle cited its own social recruiting capabilities as complementary to those of SelectMinds, stating that using referrals is the leading method companies use for recruiting. “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,” said Thomas Kurian, executive VP for Oracle Development. Terms of the deal were not disclosed.

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