IBM To Acquire Kenexa For $1.3 Billion Deal Or $46 Per Share

Posted on Aug 27 2012 - 2:00pm by Editorial Staff

IBM today announced that it will 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. Kenexa, the company specializes in recruiting and talent management solutions, brings a unique combination of Cloud-based technology and consulting services that integrates both people and processes.

With operations in 21 countries worldwide, Kenexa has approximately 2,800 employees, which supports over 8,900 customers across a variety of industries, including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500. IBM expects the transaction to close in the fourth quarter of 2012.

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