Taleo Acquires Cytiva Software…from Taleo

February 1, 2011

 

Extends Leadership and Increases Market Share in the SMB Market

HRchitect featured Taleo in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 TaleoWorld conference and HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended Taleo’s annual Sales and Services meeting in 2010 & 2011.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced it has signed a definitive agreement to acquire Cytiva (TSX-V: CRX), a leading mid-market provider of on-demand recruiting software solutions, for approximately $11 million Canadian dollars in cash.

This acquisition solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base that will benefit from Taleo’s unified talent management platform. The acquisition continues Taleo’s commitment to offer SMB customers a fully optimized talent management suite to meet the unique needs of this market.

Cytiva software is used by more than 250 companies throughout North America including Restoration Hardware, Ocean Spray and Mediacom. Cytiva has been recognized by Bersin and Associates for its candidate and hiring manager user experience.

“We are excited about the opportunity to continue providing Cytiva’s customers with a high level of service and support while bringing them the advantages of Taleo’s full suite of recruiting, performance, succession, compensation, and learning capabilities,” said Michael Gregoire, Chairman and CEO of Taleo. “Through our experienced, dedicated integration team we will ensure that our new customers’ needs are heard and addressed as they leverage all of Taleo’s capabilities to better know their people and drive business results.”

The acquisition is subject to customary closing conditions, including regulatory approval, and is expected to be completed early in Q2, 2011.

For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect

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SHL and PreVisor Merge to Create Global Leader in Talent Management…by SHL

January 11, 2011

 

Offers Organizations the World’s Largest Resource of Talent Assessment Solutions, Data and Expertise

If you are looking for a new Talent Acquisition System, Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Two of the biggest talent assessment pioneers, SHL and PreVisor, today announced they have merged to create the global leader in talent management. The combined company will be known as SHL, delivering more than 15 million assessments annually in over 150 countries and over 30 languages. Terms of the transaction were not disclosed. Both SHL and PreVisor are privately held companies.

The new organization will transform the talent management market by bringing together best-in-class innovation, assessment science and services to improve the business results and performance of organizations through superior people decisions. The merged company will be able to provide customers with the broadest range of assessment solutions for roles at all levels and to support decisions from recruitment to succession planning, in more languages and countries than any other talent management provider.

“As the economy improves, organizations are looking for globalized, integrated, science-based solutions for recruiting and talent assessment,” said Josh Bersin, President and CEO of Bersin & Associates. “The merger of SHL and PreVisor creates a global market leader that can both advance the state of the industry and meet the needs of growing companies around the world.”

“As organizations look longer-term to support their growth objectives, quicker and more accurate visibility into talent gaps and workforce readiness is critical”, said Kevin Martin, Senior Vice President of Research Operations at Aberdeen Group. “The merger between SHL and PreVisor brings together two leaders in pre and post-hire assessments that combined, has the potential to support an organization’s global talent management needs from entry-level to executive job roles.”

The combined company will have over 850 employees with a presence in more than 50 countries, and through the merger becomes the largest employer of business psychologists anywhere in the world outside the public sector. These capabilities alongside a world-class consulting practice and a 24-hour customer support center means SHL will be able to offer clients both global expertise and local insight, alongside access to over 1,000 assessments through an easy-to-use technology platform.

“For more than 30 years, SHL and PreVisor have been at the forefront of talent management, and so the announcement of our merger is an industry-defining moment,” said David Leigh, Chief Executive Officer, SHL, who will become CEO of the newly formed SHL Group. “This decisive move will accelerate the creation of a truly global leader in people intelligence, fundamentally changing the talent management market. The scientific rigor, innovation and technology leadership combined with the largest pool of industry experts and data, will make us the foremost global authority on driving business benefit through more effective people decisions.”

“This is a significant day for our customers, partners and employees across the globe. By joining forces we will be able to drive even greater innovation and value within the talent management marketplace,” said Noel Sitzmann, Chief Executive Officer, PreVisor. “Through the science of people intelligence, the company will be able to embed talent assessment solutions within our clients’ processes, improving hiring and development decisions and generating greater ROI for their talent management programs.”

SHL will be headquartered in London, with offices in North America, Europe, Middle East, Africa, Asia and Australia / New Zealand.

The scale of services available to clients is the reason why over 50% of the Fortune Global 500, 80% of FTSE 100 and half of the Australian Stock Exchange (ASX) count on SHL and PreVisor for their people and talent management solutions and services, including Barclays, Coca-Cola, Danone, General Mills, Marks & Spencer, Microsoft, Sprint, Target, Time Warner Cable, UnitedHealth Group, Vodafone, and Xerox Corporation.

SHL is a portfolio company of UK-based private equity firm Hg Capital, and PreVisor is a portfolio company of US-headquartered private equity firm Veronis Suhler Stevenson (VSS). By way of the merger, Hg and VSS shall each continue their ownership of the combined company in partnership.

For additional information on the merger and the combined business please go to www.shl.com/merger.
Matt Lafata, HRchitect

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SumTotal Systems Acquires GeoLearning…from SumTotal Systems

January 5, 2011

 

Industry’s Largest & Most Complete Talent Management Provider Extends Leadership Position and Expands into Additional Target Markets 

HRchitect featured SumTotal Systems in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Kimberley Kasper, VP of Marketing, and Jon Ciampi, VP of Product Management with SumTotal Systems appeared on the HRchitect WebMingle on May 1, 2009. SumTotal Systems also competed in the HRchitect Beauty Pageant on Employee Performance Management Systems in February 2009, where they were crowned the winner. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 2009.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SumTotal® Systems, Inc., the global leader in complete talent management solutions, today announced that it has acquired GeoLearning. This strategic acquisition expands on the company’s significant growth and momentum and further solidifies SumTotal’s market leadership position by adding proven go-to-market capabilities in mid-market, government, and extended enterprise market segments. The combined footprint provides unparalleled capabilities that cover the complete spectrum of Talent Management business needs. SumTotal now represents the industry’s largest and most complete provider of learning and talent management software across the globe with full end-to-end capabilities and market dominance.

“With the acquisition of GeoLearning, SumTotal has snapped up one of the leading LMS players to even more firmly establish its #1 position in the learning market and strong position in integrated Talent Management Systems,” said Josh Bersin, president and chief executive officer, Bersin & Associates. “GeoLearning’s strengths in SaaS, extended enterprise solutions, and managed services for the SMB and mid-market will help SumTotal continue to grow its leadership position in all segments of the market.”

Founded in 1997, GeoLearning is the leading provider of managed services and on-demand learning management software. GeoLearning has a recognized history of innovation with comprehensive software products to address the needs across both employee development and extended enterprise. Companies, government agencies, and non-profit organizations rely on GeoLearning‘s deep domain expertise to drive organizational performance. GeoLearning has been the ideal partner for organizations seeking to increase sales, accelerate time to market, raise productivity, generate new revenue streams, and reduce expenses.

With customers such as Sony Electronics (NYSE: SNE), Amway (KUL:AMWAY), Seagate (NYSE: STX), Dell (NASDAQ:DELL), and Google (NASDAQ:GOOG), SumTotal represents the industry’s largest provider of learning and talent management solutions with over 39 Million users across 2,300 global customers. The company’s talent management software offering is leading the industry with integrated learning, performance, compensation, succession, development, 360 feedback, hiring, social collaboration, planning, workforce analytics, and core HR management, all from a single vendor. This strategic acquisition fulfills SumTotal’s promise to the market to provide the most complete talent management offering and to every market segment.

“This is great news for our customers who now have access to additional expert resources and a comprehensive offering that spans all strategic HR functions,” said Scott Andriano, Senior Vice President of Sales at GeoLearning. “With significant backing focused on delivering real long-term customer value, our combined companies have the ability to more rapidly invest and scale to support growing customer demand.”

The acquisition provides customers with many immediate benefits: 

  • Fully integrated Talent Management covering the business needs of every market segment
  • Established localized operations with customers deployed in 156 countries in 39 different languages
  • Significant resource expansion across R&D, Services, Support, & Account Management
  • Deep domain & subject matter expertise across 38 different verticals
  • Expansive user community sharing best practice in Fortune 500, mid-market, government, and extended enterprise markets
  • Proven leadership with extensive knowledge in HR & technology advancement
  • Single vendor solution that mitigates customer risk

“These are exciting times for our industry, and our mission remains focused on significantly increasing the value our customers gain from partnering with SumTotal,” said John Borgerding, CEO of SumTotal Systems. “The focus and dedication our team has for customers and this industry is represented in this strategic acquisition. As the true market leader, we will continue to innovate, accelerate, and help our customers to achieve new levels of success.”

For more information on SumTotal Systems, please visit  www.sumtotalsystems.com.
Matt Lafata, HRchitect

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SumTotal Confirmed as a Market Leader with Largest Global Market Share in Learning Management Software…from SumTotal Systems

December 23, 2010

 

Latest Industry Report Recognizes Company for its Complete Learning Management Capabilities

HRchitect featured SumTotal Systems in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Kimberley Kasper, VP of Marketing, and Jon Ciampi, VP of Product Management with SumTotal Systems appeared on the HRchitect WebMingle on May 1, 2009. SumTotal Systems also competed in the HRchitect Beauty Pageant on Employee Performance Management Systems in February 2009, where they were crowned the winner. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 2009.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SumTotal® Systems, Inc., the global leader in complete talent management solutions, today announced it was positioned as a market leader in latest industry report from Bersin & Associates, “Learning Systems 2011: The Definitive Buyer’s Guide to the Global Market for Learning Management Solutions .” SumTotal continues to lead the market with ongoing growth, expansion, and product innovation delivering real value to customers and helping organizations around the globe better manage their workforce.

The in-depth report from the industry’s leading authority on Learning Systems contains a detailed review of the learning management systems (LMS) and related markets, including an evaluation of market trends, profiles of the top providers, and Bersin’s proprietary Market Maps® to help buyers understand the positioning of providers including SumTotal.

“We believe the market has started to segment itself into several broad categories of LMS companies, and as our study indicates, SumTotal with its acquisition of Softscape continues to strengthen its position among vendors offering integrated Talent Management suites,” said David Mallon, principal analyst, Bersin & Associates. “When you look at our study, which calls out the range of features now offered by SumTotal, it’s easy to see that the company is now also a credible and a major new force in talent management software.”

Per the report, SumTotal offers one of the most complete sets of functionality for core learning management and is designated as the global market share leader. SumTotal is further recognized for being “highly configurable” and for its “experience deploying solutions in large, multinational organizations.” The report concludes: “We believe SumTotal’s product is best-suited to large, global organizations. The company also offers full-featured products targeted to the midmarket and delivered on-demand in the SaaS model.”

“As an industry expert, Bersin & Associates has a clear perspective of the learning management market and customer needs,” said John Borgerding, CEO of SumTotal Systems. “We are honored to have been included in their market report and positioned as a leader. With our long history in learning and talent management, SumTotal has a deep understanding of what it takes to help make customers successful. Our customers trust and rely on our global expertise in deploying long-term talent management strategies that drive tangible business results.”

For more information on SumTotal Systems, please visit  www.sumtotalsystems.com.
Matt Lafata, HRchitect

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Taleo Leads in Customer Satisfaction Across Multiple Market Segments…from Taleo

December 17, 2010

 

CedarCrestone Research Finds 94% Customer Satisfaction; Enterprises Average $4.7 Million in Total ROI With Taleo; Taleo’s Learn.com Solution Continues to Gain Momentum With Strong Customer Satisfaction

HRchitect featured Taleo in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. HRchitect attended the 2010 TaleoWorld conference and HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended Taleo’s annual Sales and Services meeting in early 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced high customer satisfaction for its Talent Management software suite, its service and support, and the access it provides to customers and partners through Taleo’s Talent Grid™ Cloud services community. Taleo customers provided these responses across two recent surveys: the Taleo Value and Customer Satisfaction Study by CedarCrestone, 2010, and the Talent Management Systems Customer Satisfaction 2011 report by Bersin & Associates.

These surveys determined a correlation between increased levels of satisfaction and broader product usage over the customer lifecycle with Taleo. For example, the Cedar Crestone survey found that customers using both Taleo Performance Management and Recruiting products are more likely to have increased quality of hires with significantly higher employee retention rates. Further, comments from the survey of more than 250 Taleo customers include:

“The knowledge and expertise found with the Taleo staff is outstanding. They are excellent business partners in helping us achieve our business goals.”

  • “Taleo is very responsive to questions and issues. The service we receive is of the highest quality.”
  • “I have been impressed with the timely response we receive when we have a question, and the willingness to find a solution to meet our needs.”
  • “Taleo gets it! They have the right product offerings to meet our business and strategic goals. They provide excellent support and they give us the opportunity to partner with other customers to share best practices.”
  • “Taleo is a mature company with excellent technology and an aggressive product roadmap. They have the full suite of Talent Management products to support our move to a single platform.”

“I have been doing surveys for over 25 years and it’s refreshing to see an energized and engaged customer base provide a 55% response level, making these results truly representative of Taleo’s customer base,” said Alexia Martin, Director of Research & Analytics at CedarCrestone. “While some customers had constructive criticism, by far customer responses indicated a high level of satisfaction and appreciation for Taleo’s products and services.”

The Bersin report which rates Taleo for outperforming in delivering customer satisfaction, cites that customers are not interested in point solutions and are migrating to integrated suite solutions that align with their talent strategies.

With the October 1 acquisition of Learn.com, also rated as outperforming in the Bersin analysis, Taleo is the only public company to offer best-in-class solutions across the critical components of a talent-optimized organization — recruiting, performance management, compensation and learning to its customers and their broader ecosystem of customers, suppliers, partners and resellers.

“Taleo’s ability to outperform in delivering customer satisfaction this year demonstrates the company’s continued focus on service and support during rapid growth,” said Josh Bersin, President and CEO, Bersin & Associates. “The company has demonstrated the ability to innovate, expand its market presence, and still stay focused on customer success.”

Other benefits of Taleo’s customer engagement focus include: 

  • Taleo enterprise customers surveyed are seeing the equivalent of a total return on investment of $4.7 million, factoring in: process savings as well as savings from a 14% decrease in time to hire and 10% reduction in cost of hiring.
  • Customers using both Taleo Recruiting™ and Taleo Performance™ report 10% better quality in their hires (67% vs. 57%) and 38% better employee retention (62% compared with 24%).
  • Taleo enjoys more than a 95% annual customer renewal rate. The survey found a correlation between increased levels of satisfaction with each additional year of partnership with Taleo. Customers that have been using Taleo solutions for three or more years are 5% more satisfied than companies that have been with Taleo for less than a year.

“We have had a phenomenal year due to our close partnership with our customers, helping them gain a competitive advantage through better Talent Intelligence. This year’s momentum is an indication that enterprises are responding positively to our offerings and our role as a trusted advisor,” said Michael Gregoire, Chairman and CEO of Taleo. “We are dedicated to our customers’ success and will continue to provide value, maintain impeccable service and offer new ways to help them grow through our talent management solutions.”

To view the CedarCrestone study, please visit: http://www.taleo.com/report/2010-taleo-value-and-customer-satisfaction-study

To view the Talent Management Systems Customer Satisfaction 2011: Executive Summary, please visit: http://marketing.bersin.com/CSat2011.html. The full report will be available at the end of this month. For more details, go to http://www.bersin.com/Store/details.aspx?docid=103313482

For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect

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SuccessFactors Ranked #1 in Customer Satisfaction Among Enterprise Customers According to Bersin Research Study…from SuccessFactors

December 13, 2010

 

HRchitect featured SuccessFactors in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SuccessFactors, Inc. (Nasdaq: SFSF) announced that it has been named #1 in the enterprise segment of the annual customer satisfaction study conducted by Bersin & Associates, a world-class research and consulting firm that empowers HR organizations to drive bottom-line impact. The findings are included in Bersin & Associates’ Talent Management Systems Customer Satisfaction 2011: Executive Summary released earlier this week. The full report will be released in late December.

“Within the enterprise segment, SuccessFactors emerged as the customer satisfaction leader,” said Josh Bersin, CEO and president, Bersin & Associates. “We know that satisfaction is directly linked to service and support. Given the company’s rapid growth, achieving this level of customer satisfaction shows tremendous focus on the service dimension of its business.”

“We’re investing in customer satisfaction across our entire organization every day, from expanding our customer service operation internationally to continually improving our product,” said Dmitri Krakovsky, vice president of global products, SuccessFactors. “This recognition for customer satisfaction is particularly satisfying because over the last few years we have introduced a number of new products, including Recruiting Management, Employee Central and Calibration. It’s excellent to see that our customers are happy not just with our original product line-up, but with our overall product quality, our service, our implementation protocols and our ability to serve as strategic advisors. We use the BizX Suite ourselves to deliver on goals like ‘the customer must win’ – and these findings are great validation of our support and service.”

Bersin’s customer satisfaction methodology, now in its second year of publishing, measures four key service dimensions: product quality, implementation, service, and business partnership. SuccessFactors customers gave the company an overall satisfaction score of 4.17 on a scale of one to five, the highest of any vendor participating in the enterprise segment. The average satisfaction rating for all others in the enterprise segment was 3.76 out of five.

The results of this comprehensive study show that customer satisfaction with talent management systems is highly correlated to vendors’ capabilities as strategic business partners. The research found that customers are increasingly looking for fully integrated talent management platforms. This year more than one third of all respondents are willing to sacrifice advanced features in favor of purchasing an end-to-end system from a single vendor, up from only 14 percent last year.

To download a complimentary copy of Talent Management Systems Customer Satisfaction 2011: Executive Summary, go to: http://marketing.bersin.com/CSat2011.html. The full report will be available in the coming weeks – visit www.bersin.com or contact Bersin at info@bersin.com for more information.

For more information on SuccessFactors, please visit www.successfactors.com
Matt Lafata, HRchitect

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Halogen Closes Third Quarter with Sustained, Outstanding Growth …from Halogen

November 6, 2010

 

Talent Management Leader maintains industry leading growth in annual recurring revenue, garners recognition from customers and analysts for superior customer satisfaction

HRchitect featured Halogen Software in our 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Halogen Software wrapped up its third quarter of 2010 with significant market momentum and a 38% increase in annual recurring revenue, placing it among the leaders in growth, in the fiercely competitive talent management market. The company also saw a considerable increase in customer wins over its biggest competitors, and received special recognition in industry research on customer satisfaction with talent management vendors.

Halogen sustained strong uptake of its vertical industry solutions in the quarter, across healthcare, manufacturing, education, public sector, hospitality, professional and financial services sectors. Some of the organizations Halogen added to its customer roster include:  Atlas Air Worldwide, Avecia Biotechnology, Baltimore Life Insurance, Fremont Area Medical Center, HMSHost Corporation, IMAX Corporation, LinkedIn Corporation, Macadamian Technologies, McCullough-Hyde Memorial Hospital, Pittsburgh Corning Corporation, Sacramento Municipal Utility District, San Diego Housing Commission, State College of Florida, State of Wyoming, The Forum Corporation, and U.S. Court Services.

In September Halogen received special recognition at the HR Technology Conference where leading industry analyst firm Bersin & Associates released its preliminary findings in talent management customer satisfaction for 2010. For the second consecutive year, Halogen was named the leader in customer satisfaction among 16 talent management vendors.  In addition to delivering market leading products and services, the organization’s commitment to customer satisfaction continues to be a critical factor in winning new business, and high customer retention rates.

“As a company with growing operations and a geographically dispersed team, we needed a solution that could centralize our employee performance management to help unify and support our corporate goals,” said Virginie Bastien, Manager, Human Resources, Macadamian Technologies. “We knew from the start that Halogen was going to be an excellent partner for us – the voice of their customers is evident in everything they do – and they put our business goals first. Our entire experience from the initial sales process to working with their training and implementation team has been fantastic.”

Other Third Quarter Highlights:

  • Hundreds of Halogen customers participated in its 5th Annual User Conference. Attendees enjoyed two days of in-depth training and education on Halogen’s strategic talent management offerings, and the real world business benefits experienced by customers in implementing Halogen solutions.
  • Version 10 of Halogen’s Talent Management Suite began shipping in the quarter and the company has seen marked demand for this latest version, which features a new user experience and the introduction of its latest module – Job Description Builder™.
  • The company further enhanced its vertical industry leadership, introducing two new market specific solutions – developed to address the unique talent management needs of public sector institutions and hospitality organizations.

For more information on Halogen Software, please visit www.halogensoftware.com
Matt Lafata, HRchitect

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Taleo to Acquire Learn.com…from Taleo

September 1, 2010

 

Extends Talent Management Breadth; Powers Social and Formal Learning

HRchitect featured Taleo in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Kevin Marasco, VP Brand Marketing with Taleo appeared on the HRchitect WebMingle on November 6, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced it has signed a definitive agreement to acquire strategic partner Learn.com, Inc. for approximately $125 million in cash.

With the acquisition, Taleo will extend its Talent Management suite, becoming the only public vendor to offer best-in-class solutions across the four critical components of a talent-optimized organization: recruiting management to source, assess and acquire talent; performance management to establish goals and create career and succession plans; compensation management to establish a true “pay-for-performance” process between corporate objectives and individuals’ contributions; and now learning management to support social and formal development.

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. Its software enables businesses to more seamlessly develop, deliver and manage education and training to help employees, customers and partners reach their full potential. Learn.com’s social learning and web conferencing features also enable companies to build collaborative learning and knowledge sharing solutions, which are among the fastest growing applications in employee development today.

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.

“The Learning Management Systems market is now entering a new growth phase — one supporting social, collaborative, and informal learning solutions,” said Josh Bersin, President and CEO of Bersin & Associates, a leading research and advisory services firm.

“Through its acquisition of Learn.com, Taleo now has the opportunity to take a strong position in this market and deliver an integrated end-to-end platform which integrates recruiting, performance management, compensation, and learning into a complete SaaS solution.”

Taleo and Learn.com have been strategic partners since September 2009, bringing to market a unique social and formal learning offering that helps companies to better leverage their internal social networks to share institutional expertise. More than 56 companies across a variety of industries have selected the Taleo and Learn.com solutions, including: Newell-Rubbermaid, Swift Transportation, and CPS Energy. Further, more than a third of Taleo’s suite sales opportunities include interest in a learning management solution.

“We’ve been impressed with the forward-thinking approach to learning from Taleo and Learn.com,” said Mike Perkins, Senior Manager of Learning Technologies at Newell-Rubbermaid. “With their help, we are powering robust, interactive and scalable social learning options for our teams that include video podcasts and development portals so that we can engage them in learning, where and when they need it. We look forward to partnering with the combined organization moving forward.”

“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.”

Under the terms of the agreement, Taleo will pay approximately $125 million in cash for all of the outstanding capital stock of Learn.com, subject to deductions of approximately $1.6 million for certain specified items and subject to further adjustment for third party expenses. In addition, Taleo will offer up to $2 million of interim financing in connection with the acquisition, and such amounts, if any, drawn down by Learn.com and outstanding as of the closing of the transaction will be deducted from the purchase price. 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.

For more information on Taleo, please visit www.taleo.com
Matt Lafata, HRchitect

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