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Taleo to Acquire Learn.com
(September 7, 2010) Extends Talent Management Breadth; Powers Social and Formal Learning
Taleo Corporation (NASDAQ: TLEO), the leading 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.
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. (read more)
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Annual WITI Women and Technology Summit
WITI (Women In Technology International), the world's leading professional organization for executive women in technology, will truly inspire "Collaboration, Strategy and Growth" through hands on speaking engagements and panel discussions at the Annual WITI Women and Technology Summit in San Jose, CA September 12-14, 2010.
WITI represents the ideal market for business Networking - CIO's, executive women and men as well as leaders in technology from around the world converge at WITI's Annual Women and Technology Summit to discuss and collaborate on innovative solutions to common business challenges, and explore new business opportunities.
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