I've noticed this as a trend as well: the consolidation of the enterprise talent management industry. "In the last 90 days we have seen SAP's acquisition of SuccessFactors, followed by Oracle's acquisition of Taleo, and then the smaller Kenexa acquisition of Outstart and PeopleFluent acquisition of Strategia. And while all this is going on, CornerstoneOnDemand announced a strong end to 2011 (revenues up to $75.5 Million up 62%), SumTotal announced 90% revenue growth, Saba's stock is up 21% this month, and LinkedIn announced that its revenues in the recruiting market have now eclipsed that of Taleo (136% YTY growth)." What does it mean? Bersin identifies three major elements:
- Buyers of talent management systems want integrated talent platforms (and data).
- The (long-predicted) merger between ERP and Talent Management is now coming.
- The key to success will be "integration" of systems, not only organically built software.
- Buyers of talent management systems want integrated talent platforms (and data).
- The (long-predicted) merger between ERP and Talent Management is now coming.
- The key to success will be "integration" of systems, not only organically built software.
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