SelectMinds Acquired by Oracle

Posted in Press Releases By Margaret Cobb

SelectMinds Acquired by Oracle

Ponte Vedra Beach, FL and Cambridge, MA – October 29, 2012 - 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.

Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.