Taleo Deals for Canadian Talent Acquisition Company Cytiva

Cytiva, the Canadian talent acquisition technology company, is being acquired by Taleo.

The $11 million (Canadian; $11.1 million U.S.) deal is expected to close early next quarter. When complete, the purchase will bring Taleo some 250 mid- and small-market employers, strengthening that sector of the company’s business.

Based in Vancouver, British Columbia, Cytiva started in 1995 as a tech sector job board, introducing its SonicRecruit ATS several years later. Over the years, Cytiva has added modules for onboarding, performance management, and others, retaining its focus on talent acquisition. All Cytiva software is true SaaS.

Michael Boese, Taleo’s SVP of its small and mid-sized business group, said Cytiva is a good fit for Taleo, in part because both companies are focused on SaaS technology provisioning,  and because Cytiva’s focus in the SMB market is where growth opportunities are strongest.

Solidifies Taleo’s position with small and medium-sized businesses

The announcement of the acquisition says it “solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base that will benefit from Taleo’s unified talent management platform.”

Cytiva customers were told of the acquisition and provided information detailing Taleo’s intention to continue supporting the Cytiva platform through the transition. Boese said he expects that by mid-2012, all the current Cytiva customers will make the transition to Taleo.

Article Continues Below

“Our intention is to honor the contracts,” Boese said, “and work with the customers to convert them to a Taleo customer.” “We have a history of making the conversion process work for the customer,” he added.

Cytiva has about 50 employees and four U.S. offices. He couldn’t say how many people would be hired by Taleo, but he noted the company is in an expansion mode — it acquired World Wide Compensation and Learn.com last year.

“We continue to look at scaling opportunities,” he said.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

Topics

Leave a Comment

Your email address will not be published. Required fields are marked *