(By Balachander) Oracle Corp. (NASDAQ:ORCL) has agreed to acquire privately-held SelectMinds, a provider of cloud-based social talent sourcing and recruiting applications. Financial terms of the deal were not disclosed.
Redwood City, California-based Oracle said SelectMinds applications further extend its social and mobile initiatives into talent management.
New York-based SelectMinds' cloud-based applications enable organizations to leverage social connections to distribute job opportunities, source referrals, market their employment brand and manage corporate alumni relationships.
SelectMinds' services are already fully integrated with Oracle Cloud Recruiting, Performance Management, and Human Capital Management
SelectMinds customers including eBay (EBAY), McGraw-Hill (MHP), Qualcomm (QCOM) and Visa (V) among others.
The deal is expected to be completed in the second half of 2012.
Oracle shares ended at $33.10 on Monday. Over the past year, the stock has been trading between $24.91 and $33.81.