OCTOBER 25, 2012, AUSTIN, TX - Harbor View Advisors is pleased to announce that Oracle (NASDAQ: ORCL) has completed its acquisition of SelectMinds.
Based in New York, NY, SelectMinds is a leading provider of cloud-based social talent sourcing and corporate alumni management applications. SelectMinds’ applications enable organizations to empower 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. With referrals as the #1 source for external hires, organizations are looking to tap into higher-quality talent by leveraging employees’ social connections.
Together, Oracle and SelectMinds expect to create a comprehensive recruiting, candidate sourcing, and talent management solution for organizations to reach quality referrals through social recruitment. The addition of SelectMinds is expected to further extend Oracle’s social and mobile initiatives into talent management and is already fully integrated with Oracle Cloud Recruiting, Performance Management and Human Capital Management solutions.
“Oracle’s acquisition of SelectMinds represents a strong endorsement of SelectMinds’ intuitive social sourcing technology and the value customers have achieved with our solutions. We’re excited to be a part of Oracle, and look forward to combining our resources to better serve and support customers with more global scale,” said Anne Berkowitch, CEO and Founder, SelectMinds.
Harbor View Advisors served as exclusive financial advisor to SelectMinds in the transaction, which was completed on October 25, 2012.
About Harbor View Advisors
Harbor View Advisors provides buy-side and sell-side M&A advisory to innovative companies. Our unique approach combines the execution expertise of an investment bank with the strategic thinking of a management consulting firm to work with clients and their teams to achieve their goals.
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