Oracle announced that it is acquiring cloud-based talent sourcing app maker SelectMinds. The company’s apps provide tools for businesses in recruiting, hiring, and employee social connections.

“Recruiting candidates through employee referrals is widely acknowledged as the most effective method to find talent through trusted contacts. Making recruiting efforts efficient and seamless by leveraging social connections and through mobile applications helps companies find better quality candidates and continue to build the pipeline for future talent,” said Thomas Kurian, Executive Vice President, Oracle Development. “By adding SelectMinds to Oracle’s Talent Management Cloud, Oracle can help customers with a complete talent management solution, enabling streamlined recruiting practices, more quality referrals, faster employee on-boarding, and better performance.”

SelectMinds CEO Anne Berkowitch added, “Oracle’s proposed 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.”

Oracle says SelectMinds products are already fully integrated with Oracle Cloud Recruiting, Perfromance Management ANd Human Capital Management solutions.

Oracle has also introduced a new mobile point-of-service extension for retailers called Oracle Retail Mobile Point-of-Service.

“Gartner research shows that retailers are extremely interested in mobile POS as a way to transform the check-out experience,” said Jeff Roster, Research Vice President, Gartner. “As one of the four transformational forces that Gartner has defined as part of its Nexus of Forces research, mobility, including mobile POS, will be a key area for experimentation and investment for retailers going forward.”

In addition to all of that, Oracle has launched its new banking platform, which the company describes as a comprehensive suite of business applications for large global banks.