SuccessFactors, a provider of cloud-based business software, has acquired social learning company Jambok.
Jambok is a software as a service (SaaS) social learning company that allows anyone in an organization to create, share and find video and other content for on-the-job learning. The company was founded by former Sun Chief Learning Officer Karie Willyerd and former Sun Chief Technology Officer Charles Beckham.
Says Lars Dalgaard, CEO and founder of SuccessFactors, “We think Jambok has superior next gen mobile video and social learning technology. Jambok has surprisingly great growth and customers like NIKE, Mitsubishi, and Reuters.”
By acquiring Jambok, SuccessFactors will be incorporating social learning into its enterprise software solution. The Jambok acquisition will also add social learning leader Dr. Karie Willyerd to SuccessFactor’s team. At Sun, where Dr. Willyerd was Chief Learning Officer, Willyerd was responsible for the global learning business and led a team that won more than 30 awards in three years.
Jambok is SuccessFactors’ 4th acquisition in a year. The company had purchased CubeTree for $50 million, Inform for $40 million, and YouCalc for an undisclosed amount.
Terms of the Jambok deal were not disclosed. The acquisition is expected to close by Tuesday, March 15, 2011.