Taleo, a Dublin, Calif. company that provides software that helps businesses align their workforce to improve peformance, has agreed to acquire the assets of privately-held JobFlash, for $3 million in cash.
JobFlash is based in Fremont, Calif.
Here is the statement:
Founded in 2002, JobFlash enables employers to interact with the broadest pool of job seekers by providing multilingual telephone interactive voice response (IVR) and interview scheduling. With more than 60 customers and over 1,000 hiring locations, JobFlash serves leading customers such as Whole Foods, Ramada Hotel and Casino, and Securitas.
Taleo will productize and integrate JobFlash’s IVR and interview scheduling products with Taleo Enterprise Edition, the talent management solution for large enterprises. Additionally, Taleo will leverage the JobFlash products to deliver an hourly recruiting offering to the small and medium business (SMB) market that compliments Taleo Business Edition, the talent management solution for small and medium business.
JobFlash had raised at least $5.45 million in two rounds from Maveron LLC, Mosaic Venture Partners and the Band of Angels, VentureWire reports — suggesting the investment was a loser.