Taleo, a provider of on-demand talent management solutions, has purchased competitor Jobpartners, a European company that specializes in software and people management.
The deal was worth approximately $38 million in cash. Taleo is expected to double its customer base and better-serve its European clients, according to tech blog Techcrunch.
Jobpartners has already approved the deal, which is expected to close at the end of September.
The company’s portfolio of clients include Carrefour, Deutsche Post DHL, Nike EMEA, Rabobank and Xerox. Jobpartners can be found in 50 countries and 28 languages.
Techcrunch reports the deal is expected to add approximately $2-3 million to Taleo’s GAAP revenue and $5-6 million to its non-GAAP revenue in 2011.
More than 5,000 organizations use Taleo for talent acquisition, performance and compensation management, including nearly half of the Fortune 100, across 187 countries and territories.