IBM to buy cloud HR software vendor Kenexa for $1.3B
Grazed from InfoWorld. Author: Juan Carlos Perez.
IBM plans to boost its enterprise social line of software by acquiring Kenexa, a maker of cloud-based human resources applications, the companies said on Monday.
IBM has agreed to pay $46 per share for Kenexa in a cash transaction worth about $1.3 billion. Kenexa shares closed at $32.39 on Friday, so IBM is offering a premium of 42 percent for the company.
Kenexa, based in Wayne, Pennsylvania, has almost 9,000 customers, including more than half of the Fortune 500. It has about 2,800 employees and operations in 21 countries…


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