We don’t usually do breaking news here but a press release just crossed my desk with the news that Taleo Corporation is buying Learn.com for about $125 million in cash. Taleo is in the on-demand talent management solutions business and Learn.com provides SaaS learning solutions to more than 500 global companies of all sizes. Learn.com has also developed social learning and web conferencing capabilities that are growing in demand right now. The two companies have been strategic partners since 2009.
“The Learning Management Systems market is now entering a new growth phase – one supporting social, collaborative, and informal learning solutions,” Josh Bersin, President and CEO of Bersin & Associates, is quoted as saying. “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.”