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Oracle Buys out SelectMinds

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DQI Bureau
New Update

Oracle has entered into an agreement to acquire SelectMinds, a provider of cloud-based social talent sourcing and corporate alumni management applications.

"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," said Thomas Kurian, Executive Vice President, Oracle Development.

SelectMinds products are already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions and further extend Oracle's social and mobile initiatives into talent management.

"Oracle's proposed acquisition of SelectMinds represents a strong endorsement of SelectMinds intuitive social sourcing technology and the value customers have achieved with our solutions," said Anne Berkowitch, CEO and Founder, SelectMinds.

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