Opportunities Through Oracle's SelectMinds Acquisition
Oracle and SelectMinds Solutions
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- The combination of Oracle and SelectMinds' complementary social sourcing capabilities is expected to create a comprehensive recruiting, candidate sourcing, and talent management offering for organizations to reach quality referrals through social recruiting.
- Oracle's partners will be able to take advantage of a broader solution that helps employers and organizations source high quality talent through social channels.
- SelectMinds products are already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions and are expected to further benefit from Oracle's continued investments.
On September 17, 2012, Oracle announced that it has entered into an agreement to acquire SelectMinds, a provider of cloud-based social talent sourcing and alumni management applications. The transaction is subject to customary closing conditions and approvals and is expected to close in the second half of 2012. Until the transaction closes, Oracle and SelectMinds will continue to operate independently, and it is business as usual.
SelectMinds applications enable organizations to empower recruiters, hiring managers and employees to leverage social connections to distribute job opportunities, source higher quality referrals, market their employment brand and manage corporate alumni relationships.
Together, Oracle and SelectMinds expect to create a comprehensive recruiting, candidate sourcing, and talent management solution for organizations to reach quality referrals through social recruitment. The addition of SelectMinds is expected to further extend Oracle's social and mobile initiatives into talent management and is already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions.
Read the press release.