Oracle has resumed its acquisition spree, and acquired yet another enterprise cloud startup, SelectMinds, which is a provider of cloud-based employee recruitment and HR services.
According to Oracle’s official press release, “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.”
SelectMinds will enable it to add more capabilities to Taleo’s feature set and offer a more comprehensive solution to enterprise customers — one that leverages social channels like Facebook and Twitter, as well as their employees existing social networks to improving their hiring capabilities.
“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 competes in this space with the likes of SAP, Salesforce.com, and a lot of other smaller players. This is yet another acquisition by the giant to leverage the cloud and “social” to improve its enterprise software offerings.
The exact terms of the acquisition haven’t been announced yet, but they should be reflected in Oracle’s next earnings release.