Oracle announced Monday that it has reached an agreement to acquire SelectMinds, a cloud-based provider of social talent sourcing and corporate alumni management applications. Terms were not disclosed. The deal is expected to close in the fourth quarter and will give Oracle yet more human capital management (HCM) capabilities in the cloud.

Oracle stepped up its cloud-based HCM capabilities significantly in April when it acquired Taleo for $1.92 billion. Other elements of what Oracle now calls its Talent Management Cloud include Oracle Fusion applications for HCM.

SelectMinds applications include Social Employee Referral, for automating the development of social referral programs; Social Job Distribution, for marketing open positions through email, Facebook, LinkedIn, and Twitter; Social Career Site, for promoting open positions from career sites; Facebook Job Page, for creating branded job pages on that social network; and Mobile, for optimizing position listings for mobile search and sharing.

SelectMinds announced integrations with Taleo's cloud apps last December, before the Oracle acquisition, so the social talent sourcing and corporate alumni-management app works with the Taleo Recruiting service.

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