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. “IBM is uniquely positioned to help clients generate real returns from their social business investments, while helping them gain intelligence into the data being generated in these networks to be more competitive in their markets.”
Added Kenexa CEO Rudy Karsan, “The customer is the big winner in all this because the combination of our two organizations will deliver more business outcomes than ever before. Together, Kenexa and IBM will be unmatched in the industry, offering solutions that extend from strategy to the technology platform to the delivery of services for clients.”
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