September 7, 2010 – Taleo, a provider of on demand talent management solutions, has signed a definitive agreement to acquire strategic partner Learn.com, Inc. for approximately $125 million in cash. Learn.com is a leading next generation provider of SaaS learning management solutions, a market estimated to be $1 billion in 2011 according to Bersin & Associates. Learn.com's solutions are in use today with more than 500 global companies of all sizes, and support up to 200,000 users per customer, with about two million end users worldwide. “As businesses transform to ignite growth, they can't afford to create a knowledge gap between the skills they have in their teams and the skills they need to drive business,” said Michael Gregoire, chairman and CEO of Taleo. “Learn.com's social learning and collaborative functionality makes it easier to close that gap. We are pleased to add best-in-class technology, staff and customers from Learn.com to enable enterprises with a total talent management solution to achieve greater performance.” The acquisition is subject to customary closing conditions, including regulatory approval, and is expected to be completed prior to the end of the fourth quarter of 2010.
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