Ocean, NJ. — (December 15, 2009) — Walton Management Services, Inc., a national leader in business incentive consulting, announced today its partnership with Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions.
This alliance will allow Taleo Business Edition™ customers to combine their best-in-class recruiting solution with tax credit screening from Walton Management. Walton’s customizable tax credit screening process works seamlessly with Taleo to boost the performance of clients’ tax credit portfolios. The online tax incentive screening process enables clients to take advantage of legislative changes to financial incentives programs the moment they occur.
This integration not only maximizes the opportunity to select the best applicant, but also ensures companies can benefit from all applicable new hire tax credits through federal, state and local government programs.
“We welcome the opportunity to join Taleo Business Edition in offering a full range of employee-related services,” said Walton Management President, Fred Stiftel. “This alliance will expand the product portfolio of both Walton Management and Taleo Business Edition, providing our clients with the ability to achieve better operational and cost efficiencies in the recruitment and hiring process.”
“Our partnership with Walton Management gives our customers the ability to streamline hiring processes and costs,” said Jason Blessing, General Manager and Group Vice President for Taleo Business Edition. “Identifying tax credits is a complex undertaking for companies and a large percentage of prospective credit opportunities simply go unclaimed. This partnership allows Taleo Business Edition clients to quickly and effortlessly claim the tax credits, saving them hundreds of thousands of dollars annually.”
About Walton Management Services, Inc.
Walton Management Services, Inc. (WMS), with offices in Ocean, New Jersey; Silver Spring, Maryland; Tampa, Florida; and Phoenix, Arizona, is an independent national tax consulting firm that secures and administers government credits and incentives for clients, thereby improving their financial performance and reducing their effective tax rate. Serving Fortune 50 to midsize companies and promising new ventures, WMS identifies opportunities including Work Opportunity Tax Credits and other hiring credits; incentives related to Federal Empowerment Zones, State Enterprise Zones, State Point of Hire Credits, Training Grants, Sales and Use Tax Recoveries, Sellable Tax Credits, and Cost Segregation. The firm also provides location advisory services and I-9 Employment Verifications. For more information call 1-800-221-0832 or visit www.waltonmanagement.com.
Taleo (NASDAQ: TLEO) is the leader in on-demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,200 organizations use Taleo for talent acquisition and performance management, including 46 of the Fortune 100 and over 3,500 small and medium sized businesses across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo’s Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.
This release contains forward-looking statements, including statements regarding the demand for Taleo’s solutions and results from use of Taleo’s solutions and the integrated solutions of Taleo partners. Any forward-looking statements contained in this press release are based upon Taleo’s historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo’s expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is
included in Part II, Item 1A of Taleo’s Quarterly Report on Form 10-Q/A, as filed with the SEC on November 4, 2009, and in other reports filed by Taleo with the SEC.