Johnson & Perkinson Announces the Filing of Class Action Litigation Naming Taleo Corporation

Johnson & Perkinson hereby announces the filing of a class action lawsuit naming Taleo Corporation, ("Taleo") (NASDAQ: TLEO) and officers and directors of Taleo. The action, docket numbered C08-5182 SC, was filed in the United States District Court for the Northern District of California. Individuals, families, trusts or other entities that invested in Taleo securities between October 4, 2005 and November 10, 2008, inclusive (the "Class Period"), have the opportunity to meaningfully participate as Lead Plaintiffs in the currently pending class action litigation against the Company. To do so, you must apply to serve in that capacity by January 16, 2009.

Johnson & Perkinson, a law firm based in South Burlington, Vermont, has extensive experience prosecuting investor class actions and actions involving financial fraud. Attorneys Johnson and Perkinson are both former employees of the Securities and Exchange Commission. Dedicated to maximizing shareholder return, members of Johnson & Perkinson have prosecuted complex class actions alleging securities or consumer fraud/deception on behalf of investors/consumers against numerous public companies since 1985, resulting in the recovery of many hundreds of millions of dollars, and have been singled out for excellence by various courts. The firm is litigating, or has recently resolved litigation, as Lead or Co-Lead Counsel in securities class actions against Xerox, Priceline.com, Wireless Facilities, i2 and Xchange, and has served on the Executive Committee in the Global Crossing case.

The Complaint alleges that defendants misled or failed to inform the investing public regarding the Company's historical and current accounting practices with respect to the timing for recognition of application and consulting revenues under generally accepted accounting principles in the United States ("GAAP"). These policies, which reflected an inappropriate application of GAAP designed to accelerate the recognition of revenues, had been part of a scheme to defraud investors since the Company's initial public offering in October 2005. As a result of this acceleration of revenues, Taleo was able to present to investors a rosier picture of its financial condition than the appropriate revenue figures would have depicted. When the truth was revealed to the market, the price of Taleo common stock dropped $3.06, or 28 percent, to $7.99.

If you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Johnson & Perkinson attorney Eben F. Duval toll free at 1-888-459-7855; Johnson & Perkinson attorney James Conway via email at jconway@jpclasslaw.com; through our website at www.jpclasslaw.com; or by mail at Johnson & Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington, Vermont 05403. Attorneys at Johnson & Perkinson can help you decide if seeking appointment as a Lead Plaintiff is right for you. Your ability to share in any recovery is not affected by your decision to seek appointment as a Lead Plaintiff.