Oracle buys cloud recruiting app to boost social recruitment

The acquisition is expected to enhance Oracle's cloud-based recruitment and performance management offerings, according to foreign media reports, Selectminds, a company that has bought a cloud-based talent-recruitment application provider. Companies can use Selectminds services to recruit employees on social networks such as Facebook. Oracle is understood to be aiming to further expand the cloud footprint.

But Oracle has not yet disclosed the specific terms of the deal, which has recently been aggressively acquiring deals to target companies in the cloud. Earlier this year, Oracle bought a Taleo,taleo solution with 1.92 billion dollars to help customers attract, motivate and retain employees.

Selectminds provides companies with the means to recruit and distribute jobs, and to manage business relationships through cloud-based social networks.

The deal is expected to complement Oracle's cloud recruitment, performance management and human capital Management offerings, giving Oracle the opportunity to further deepen its social networks and mobile markets. After the deal is reached, customers can convert job postings to mobile versions, and others can watch and share them using smartphones.

Thomas Kurian, executive vice president of Oracle Development, said: "By adding selectminds to Oracle's talent Management Cloud Platform, Oracle can help customers to provide a comprehensive talent management solution," Kurian. Thus simplifying the recruitment activities, making the talent distribution more optimized, the employee entering the job faster, and achieving better performance. ”

Oracle's strength in the traditional software business has improved its profitability in recent quarters. The company released its fourth-quarter earnings report in June, with profits up 7.5% per cent, although revenues from services and hardware systems fell, but the company's software revenue grew.

Oracle shares fell to $32.95 in trading after the transaction 17th. So far this year, the company's shares have risen 29% per cent in conventional trading.

(Responsible editor: Lu Guang)