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IBM Completes Acquisition of Kenexa for $1.3 billion 2012.12.08

Armonk, N.Y., USA - December 04, 2012 - IBM (NYSE: IBM) today announced the closing of its acquisition of Kenexa. Kenexa 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. The net purchase price is approximately $1.3 billion. Accelerates Social Business for Workforce Transformation.

Ohio Governor John Kasich and IBM Software Group SVP Mike Rhodin at the IBM Client Center for Advanced Analytics in Columbus, Ohio.
Courtesy of IBM / Jay LaPrete / Feature Photo Service
 

Armonk, N.Y., USA - December 04, 2012

IBM (NYSE: IBM) today announced the closing of its acquisition of Kenexa.

Kenexa 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.

The net purchase price is approximately $1.3 billion.

IBM is the Social Business Leader
Courtesy of IBM
 
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.

Courtesy of Kenexa
 
Kenexa
complements IBM's strategy of bringing relevant data and expertise into the hands of business leaders within every functional department, from sales and marketing to product development and human resources.


Nooruddin (Rudy) S. Karsan, Chairman and Chief Executive Officer at Kenexa.
Courtesy of Kenexa
 
The adoption of social business technology is further accelerating the growth of big data and the need for analytics in the enterprise.


We are thrilled to introduce our new technology fall line.
Eight individual product launches and product enhancements - all reflections of our investment in research and development, and packaged to make the user experience not only simple, but exciting and unique.
From rapid recruitment, meaningful onboarding and top-notch compensation management to social learning, mobile feedback and the perfect company fit - we've got it all covered.
Courtesy of Kenexa
 
A recent global IBM study revealed that 57 percent of surveyed CEOs identified becoming a social business as a top priority and more than 73 percent are making significant investments to capture and draw insights from available data.

At Kenexa, we pride ourselves on the stability and strength of our management team.
The unique combination of entrepreneurialism and business savvy among our top leaders is revealed by the growth of our company and the continued success of the customers we serve.
Courtesy of Kenexa
 
The survey also reveals that 70 percent of CEOs cite human capital as the single biggest contributor to sustained economic value.

Smarter Workforce is an innovative approach that will revolutionize the way you think about business and the workforce.
We look at it from two angles - empowering people and transforming business.
Through the combination of industry-leading technology, more than 25 years of experience and research in behavioral sciences, and a robust platform for social business, we change the way people work, and in turn, the way business attracts, enables and predicts performance.
Courtesy of Kenexa
 
The combined strengths of IBM and Kenexa provide organizations with unique capabilities that allow them to increase workforce efficiencies and gain insight from their business information.


Alistair Rennie, IBM's General Manager of Social Business kicking off the panel discussion talking how social networks help drive IBM forward.
Courtesy of IBM
 
"By creating a smarter workforce, employees can drive innovation to bring products and services to market faster, resolve problems before they arise to improve customer service, and increase sales by building new skills - linking the right experts to the right clients,"
said Alistair Rennie, general manager, social business, IBM.
"The combination of Kenexa's world-class human capital management solutions and IBM's social business and analytics leadership uniquely positions IBM to help clients generate real returns from their social business investments, while helping them to be more competitive in their markets."

Courtesy of Kenexa
 
Today, Kenexa is an industry leader in cloud-based software and recruiting process outsourcing (RPO).

Courtesy of Kenexa
 
Kenexa
supports more than 8,900 customers across a variety of industries, including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500.


Courtesy of Kenexa
 
Since IBM announced its intent to acquire Kenexa in August, Kenexa has seen continued momentum with customers around the globe.


Courtesy of Kenexa
 
Kenexa
has signed sizeable, multiyear contracts with several major companies, and recently announced that Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, has signed a three-year agreement to use Kenexa to implement, develop and oversee an employee engagement survey to its entire workforce of 140,000 employees around the world.


Courtesy of Kenexa
 
The Kenexa acquisition complements IBM's social business and HR business services leadership
.

Courtesy of Kenexa
 
For three consecutive years, IDC ranked IBM number one in enterprise social software.

Courtesy of Kenexa
 
Today, more than 60 percent of Fortune 100 companies have licensed IBM's solutions for social business.

Courtesy of Kenexa
 
Through its combination of social software, analytics, content management, IBM’s maturity and strength in business process services and deep industry expertise, IBM is uniquely positioned to help organizations capture information, create insights and generate interactions that translate into real business value.

Courtesy of Kenexa
 
At IBM's Connect conference, the premier social business client event in January 2013, IBM will detail how it will help clients use social technology, analytics, talent management, and human insights to attract and retain the right talent, to enable employee skills for the greatest impact, and to align activities to improve company performance – leading to real, positive business outcomes and competitive advantage
.

Courtesy of Kenexa
 
Register to attend Connect 2013 at
www.ibm.com/connect  

Courtesy of Kenexa
 
With the closing of this acquisition approximately 2,800 Kenexa employees in 21 countries join IBM.

Courtesy of Kenexa
 
Consistent with its strategy, IBM will continue to support Kenexa clients and enhance Kenexa technologies while allowing these organizations to take advantage of the broader IBM portfolio.

About IBM

For more information visit www.ibm.com/social-business  


Contact information

Karen Lilla
IBM Media Relations

1-617-693-8115
karen_lilla@us.ibm.com  


Source: IBM

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


Video
Kenexa Corporate Video


http://www.youtube.com/watch?v=XSTgn0vph-k&feature  


Video
Kenexa HR Tech Mall | New Fall Product Line


http://www.youtube.com/watch?v=XNRUuAUcRmw&feature  



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