Taleo Corp to buy Learn.com

Human resources software maker Taleo Corp has agreed to buy software company Learn.com Inc. for $125 million in cash.

Under the terms of the deal, Taleo agreed to offer up to $2 million of interim financing in connection with the acquisition, to be drawn down by Learn.com. Any amount outstanding when the transaction closes will be deducted from the purchase price.

The deal is expected to close at the end of the year.

Taleo said the acquisition will strengthen its position in the learning management systems market.

The products from Learn.com are used by more than 500 companies worldwide. Both companies have been strategic partners since September 2009.

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