Oracle to Buy SelectMinds to Expand Cloud-Based Recruiting

Grazed from NASDAQ. Author: Kristin Jones.

Oracle Corp. (ORCL) has agreed to acquire social-recruiting company SelectMinds as the software giant continues to expand its footprint in the cloud. Oracle, which didn’t disclose the terms of its deal, has been on an acquisition spree lately, targeting companies in the cloud-computing sphere.

SelectMinds offers companies ways to recruit employees, distribute job opportunities, and manage corporate alumni relationships through a cloud-based social network. The deal is expected to complement Oracle’s cloud recruiting, performance management and human capital management offerings…

"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 vice president of Oracle Development…

Read more from the source @ http://www.nasdaq.com/article/oracle-to-buy-selectminds-to-expand-cloud-based-recruiting-20120917-00962