Cytiva acquired by Taleo for US$11 million

On April 1, 2011, Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, announced that it had completed its acquisition of Cytiva (TSX-V: CRX), a leading mid-market provider of on-demand recruiting software solutions, for approximately $11 million in cash. Fasken Martineau advised Cytiva in this transaction with a team that included Iain Mant and Caroline Clapham (corporate/M&A) and Frank Schober and David Robertson (tax).