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IBM Buying Kenexa

by
Todd Raphael
Aug 27, 2012, 10:56 am ET

Kenexa’s stock is up about 40% early today on news IBM’s buying the company for about $1.3 billion.

IBM says it’s buying Kenexa to bolster “social business initiatives.” IBM tells me that Rudy Karsan, the well-regarded founder and CEO of Kenexa, will stay with the new company.

Kenexa has a mix of products and services, from RPO to applicant tracking systems (through its BrassRing product).

This article is provided for informational purposes only and is not intended to offer specific legal advice. You should consult your legal counsel regarding any threatened or pending litigation.

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  2. Ty Chartwell

    Rudy will stay as long as it takes him to count his hundreds of millions of dollars he is gaining as a result. IBM buying Kenexa for their 9,000 customers, not because Kenxa does anything of real value.

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