Dublin, CA-based Taleo announced it has acquired Jobpartners, an HR and talent management solutions provider based in London.
The transaction, said to be worth US$38 million in cash, will double Taleo’s European customer base. It will position the company as one of Europe’s largest SaaS-based TMS providers and as a global player in the talent management market.
Taleo says the move will also more than double its SaaS team in Europe. Jobpartners has nearly 70 clients in 50 countries.
Unlike its previous acquisitions of mid-market providers in the talent management space, Taleo’s purchase of former competitor Jobpartners represents a significant expansion of its core products and capabilities.
“We have been impressed by the capabilities of the Jobpartners team and the close relationships they have built with their large and sophisticated Europe-based customers,” said Michael Gregoire, Chairman and CEO of Taleo.
“This acquisition creates an opportunity for us to accelerate our expansion outside of North America by increasing our customer base, increasing our local sales and support capacity as well as taking advantage of the Jobpartners Eastern European development center.”
While Jobpartners’ product line – which will likely be phased out and become all Taleo – is similar to that of Taleo, the purchase is clearly meant to address the challenges of offering a global, cloud-based product while maintaining strong local support.
The acquisition of Cytiva bolstered Taleo’s market presence among SMBs, and the addition of Learn.com has potential to add stability to an older but traditionally fragmented LMS marketplace.
Taleo has more than 5,000 clients, including nearly half of the Fortune 100, across 187 countries and territories.