On-demand talent management solutions provider Taleo has signed a definitive agreement to acquire cloud-based solutions provider Jobpartners for roughly $38m (£23.4m).

The acquisition has been approved by Jobpartners’ board of directors and is expected to close in the quarter ending September 30, 2011 subject to customary closing conditions.

The deal doubles Taleo’s customers based in Europe, and more than doubles the size of its team of professionals in Europe.

Michael Gregoire, chairman and CEO of Taleo, says: “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 centre.”