Taleo Expands Global Leadership in Talent Management with Acquisition of Jobpartners

Taleo Corporation TLEO today announced that it has signed a definitive agreement to acquire Jobpartners for approximately $38 million, 26 million Euros. The acquisition expands Taleo's ability to serve customers based in Europe and makes Taleo one of the largest SaaS-based talent management vendors in the region. Taleo's acquisition of Jobpartners doubles its customers based in Europe, and more than doubles the size of its team of professionals in Europe, providing an unmatched ability to serve the customers in this region. This deal signifies Taleo's commitment to investing in growth and the strategic importance of having a strong team and established customer base in scaling a significant SaaS business. "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. 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," said Michael Gregoire, Chairman and CEO of Taleo. "With our expertise and skills, and Jobpartners' experienced employees, we have the unmatched ability to serve and expand our combined base of European customers." More than 350 customers internationally already realize the benefits of Taleo's cloud-based talent management solutions for recruiting, performance management and learning. The combined strength of Taleo and Jobpartners make Taleo a global leader in Europe.