Oracle announced this week that it has entered into an agreement to acquire SelectMinds, a provider of cloud-based social talent sourcing and corporate alumni management applications. SelectMinds’ applications enable 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.
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. SelectMinds products are already integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions and further extend Oracle’s social and mobile initiatives into talent management.
“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,” says Thomas Kurian, executive vice president, Oracle Development.
More information on this announcement can be found at http://www.oracle.com/selectminds.