Elevate your enterprise data technology and strategy at Transform 2021.
Kenexa offers talent management, recruiting, and retention software to nearly 9,000 customers in 21 countries. It has 2,800 employees, and it will help IBM with its “social business” credentials.
IBM will pay $46 per share for Kenexa, a 42.5 percent premium on top of Kenexa’s closing price Friday on the NASDAQ exchange.
“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 general manager for 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.”
IBM expects the deal to close in the fourth quarter of this year.
IBM photo via Daniel Voyager/Flickr
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more