0:02, February 10, 2012 by admin under: News | No Comments
Oracle agreed to buy Taleo , a maker of Web-based software for recruiting employees, for about $1.9 billion, as technology giants battle for the top spot in the fast-growing cloud computing market.
It is the latest big investment in cloud computing by Oracle, the world’s No. 2 maker of business management software, and a quick response to larger rival SAP’s pending plan to buy SuccessFactors for $3.4 billion.
Last month, Oracle paid $1.5 billion to purchase established cloud player RightNow Technologies, whose software helps companies provide customer service.
source: reuters
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