Recruitsoft Changes Name to Taleo

Enterprise staffing management specialist files with SEC for proposed initial public offering

San Francisco — April 1, 2004 — Enterprise staffing management specialist Recruitsoft has changed its name to Taleo Corp. and has filed with the Securities and Exchange Commission (SEC) to make an initial public offering.

The former Recruitsoft offers solutions designed to help large organizations establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff. The company's customers include Honeywell, HP, P&G and Starbucks Corporation, among others.

The Taleo moniker became effective March 30. The company remains headquartered in San Francisco.

In a statement, Taleo said that it was filing a proposed initial public offering of $100 million of its Class A common stock, par value $0.00001 per share, and up to an additional $15 million of its Class A common stock, which may be issued pursuant to an exercise of the over-allotment option to be granted to the underwriters.

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