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NEWS - IBM to Acquire Kenexa for about $1.3 Billion to Bolster Social Business Solutions

August 27, 2012 – Armonk, NY – IBM and Kenexa Corporation today announced they have entered into a definitive agreement for IBM to acquire Kenexa, a publicly held company headquartered in Wayne, Pa., in a cash transaction at a price of $46 per share, or at a net price of approximately $1.3 billion.

The acquisition bolsters IBM’s leadership in helping clients embrace social business capabilities while gaining actionable insights from the enormous streams of information generated from social networks every day.

Kenexa, a leading provider of recruiting and talent management solutions, brings a unique combination of Cloud-based technology and consulting services that integrates both people and processes, providing solutions to engage a smarter, more effective workforce across their most critical business functions.

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http://www-03.ibm.com/press/us/en/pressrelease/38635.wss