Taleo, a provider of on-demand talent management solutions, has acquired its European rival Jobpartners for approximately $38 million in cash. The move doubles Taleo’s customer base and improves the publicly listed company to better serve its Europe-based clients.
More than 350 customers currently use Taleo’s cloud-based talent management solutions for recruiting, performance management and learning.
Jobpartners offers similar solutions to the likes of Carrefour, Deutsche Post DHL, Nike EMEA, Rabobank and Xerox, in more than 50 countries and in 28 languages, so the purchase brings scale to Taleo’s business on an international level.
The deal has been approved by Jobpartners board of directors and is expected to close in the quarter ending September 30, 2011 subject to customary closing conditions.
The acquisition of Jobpartners is expected to add approximately $2-3 million to Taleo’s GAAP revenue and $5-6 million to its non-GAAP revenue in 2011.