IBM Acquires Recruiting and Talent Management Company Kenexa to Enhance Social Enterprise Services

IBM has acquired Kenexa for approximately $1.3 billion in cash. Founded in 1987, Kenexa has 2,800 employees in 21 countries around the world and provides social business technology to 8,900 customers. The company will add its recruitment and talent management services to IBM's existing social business and HR business services.

IBM has acquired Kenexa for approximately $1.3 billion in cash.  Founded in 1987, Kenexa has 2,800 employees in 21 countries around the world and provides social business technology to 8,900 customers.

The publicly-traded company makes software for recruiting, onboarding, and tracking employee performance, using social technology to facilitate collaboration and training.  Kenexa will add its recruitment and talent management services to IBM’s existing social business and HR business services.

“Every company, across every business operation, is looking to tap into the power of social networking to transform the way they work, collaborate and out innovate their competitors,” said Alistair Rennie, IBM’s general manager of social business, in a statement.

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