SUNRISE, FL – Clean energy, cloud computing and social media may be getting most of the attention, but IT companies focused on education or training are hot. Now, California-based Taleo Corp. (Nasdaq:TLEO) has agreed to acquire Sunrise, FL-based Learn.com, which sells learning management software as a service, for $125 million.
Bersin & Associates estimates that the market for learning management software will hit $1 billion by 2011.
Learn.com’s 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 today.
The company’s solutions are in use today with more than 500 global companies of all sizes, and support up to 200,000 users per customer, with about two million end users worldwide. It employs 200 people.
Taleo and Learn.com have been strategic partners since September 2009, bringing to market a social and formal learning offering that helps companies to better leverage their internal social networks to share institutional expertise.
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Tags: corporate training and education, Dublin CA, FL, Learn.com, SaaS, Sunrise, Taleo Corp.



