IBM Acquires HR Software Company Kenexa For $1.3 Billion In Cash
International Business Machines (IBM) has acquired HR software and talent management company Kenexa for $1.3 billion ($46 per share) in cash. Kenexa’s software includes recruitment process outsourcing (RPO) and provides global recruitment services, recruitment technology solutions, and onboarding solutions.
Kenexa Prove It is a skills test solution used for identifying talent candidates. Kenexa Interview Builder provides a structured interview reference library of around 3,000 questions. Kenexa’s talent management software includes performance management, compensation management, goal alignment, succession planning, etc.
Below is an excerpt from IBM’s press release about the deal:
“Kenexa complements IBM’s strategy of bringing relevant data and expertise into the hands of business leaders within every functional department from HR, sales, marketing to product development. The combination of IBM and Kenexa will allow organizations to act on insights driven analytics to create a more intelligent and smarter workforce across every line of business.”