SAN FRANCISCO & ORLANDO, FL - May 9, 2006 - From its Fifth Annual WORLD User Conference in Orlando, FL, Taleo Corporation (NASDAQ: TLEO), the leading provider of talent management solutions, today announced that YRC Worldwide selected and successfully implemented Taleo VerifyTM. Taleo Verify, powered by Verified Person, is Taleo´s comprehensive background checking and identity verification solution for pre-employment and routine employee screening.
Taleo Verify is completely integrated with Taleo Enterprise, the company´s talent management solution that helps large enterprises assess, acquire, develop and align their workforce for improved business performance. With Taleo Verify, YRC Worldwide can easily conduct a background check or screening directly within the Taleo solution, with results incorporated into a candidate or employee profile. Turnaround time with Taleo Verify is up to 40 percent faster compared with other screening options in today´s market.
Formerly known as Yellow Roadway Corporation, YRC Worldwide is one of the largest transportation service providers in the world. With 70,000 global employees, operating in 70 countries, YRC Worldwide was recently recognized for the fourth consecutive year as Fortune´s Most Admired Company in its industry.
YRC Worldwide, a current Taleo customer, selected Taleo Verify to further extend the value of its enterprise wide talent management strategy and Taleo implementation. Other key drivers in YRC Worldwide´s selection of Taleo Verify included increased efficiencies in the screening process, improvements to the quality and accuracy of the screening process, and substantial cost savings to their organization.
"As an industry leader, it is crucial that our overall talent management strategy continues to drive our business success," stated Mike Hofer, HR Project Manager, YRC Worldwide. "We plan to process nearly 20,000 background checks this year alone. With this type of volume, we needed a solution that would allow us to quickly, accurately and cost effectively conduct background checks and ongoing screening. Since Taleo Verify is directly integrated with Taleo, we are able to further streamline our talent management processes and drive additional value and business performance. This implementation is a natural extension of our commitment and trust in Taleo to deliver the most comprehensive and innovative talent management solutions on the market."
"Compliance issues, fraud, workplace violence, and negligent hiring liability, are all major drivers for the increasing corporate concern about inadequate screening and verification methods," said Michael Gregoire, president and CEO, Taleo Corporation. "More and more, leading companies like YRC Worldwide are incorporating background screening into their pre- and post hiring processes to protect themselves against these dangerous corporate liabilities. With the selection of Taleo Verify, YRC Worldwide is taking a proactive step to ensure they are hiring and retaining the right talent to further drive their business performance."
"Interesting times call for innovative solutions," said Tal Moise, CEO of Verified Person. "With Taleo Verify, YRC Worldwide executives can rest assured they are using the latest employee screening tools available on the marketplace today to mitigate risk."
YRC Worldwide will present a session during Taleo WORLD 2006 on the company´s decision to implement Taleo Verify and the business drivers that compelled them to employ a more comprehensive background checking and verification solution with its overall talent management strategy. The session will take place on Wednesday, May 10 from 12:15 - 1:15 pm in the Grand Cypress H meeting room. More information can be found online at www.taleoworld.com/2006.
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, Meridian IQ, USF Holland, USF Reddaway, USF Bestway, USF Glen Moore, and New Penn Motor Express. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 70,000 people.
About Taleo Corporation
Taleo (NASDAQ: TLEO) delivers on demand talent management solutions that enable organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. Taleo´s customers use its suite of solutions to improve their talent management processes to reduce the time and costs associated with these processes and to enhance the quality, productivity and effectiveness of their workforces. Taleo currently has more than 420 corporate customers with more than 525,000 registered users who use our services to fill positions in almost 100 countries. For more information visit www.taleo.com.
Media Contact: Investor Relations Contact:
Kate Leeson Kori Doherty
Taleo Corporation Integrated Corporate Relations
415-568-9759 617-217-2084
kleeson[at]taleo.com kdoherty[at]icrinc.com