IBM Acquires HR Software Firm Kenexa for $1.3B
IBM will pay $1.3 billion for Kenexa, a human resources solution provider specializing in recruiting and talent management solutions, in a deal expected to close during the fourth quarter of 2012. The acquisition will bolster IBM's ability to help clients gain insights from the enormous amounts of data generated each day by social networks.
"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 IBM's general manager of social business Alistair Rennie 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."
Kenexa offers a combination of cloud-based technology and consulting services, supporting more than 8,900 customers in industries including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500.
The combination of IBM and Kenexa will bring data into the hands of business leaders in functional departments including sales, marketing, product development and human resources, helping them attract and develop the right skills to build the right teams for the right projects.
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"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 IBM's general manager of social business Alistair Rennie 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."
Kenexa offers a combination of cloud-based technology and consulting services, supporting more than 8,900 customers in industries including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500.
The combination of IBM and Kenexa will bring data into the hands of business leaders in functional departments including sales, marketing, product development and human resources, helping them attract and develop the right skills to build the right teams for the right projects.
For related content: IBM Expands Smarter Commerce Initiative, Acquires Tealeaf Technology
IBM Boosts Big Data Efforts with Vivisimo