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IBM Buying Kenexa

Posted By Todd Raphael On August 27, 2012 @ 10:56 am In News and Features | 5 Comments

[1] [2]Kenexa’s stock is up about 40% early today on news IBM’s buying the company [3]¬†for about $1.3 billion.

IBM says it’s buying Kenexa to bolster “social business initiatives.” IBM tells me that Rudy Karsan [4], 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 [5] product).

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[1] Image: http://www.ere.net/wp-content/uploads/2012/08/logo-kenexa.png

[2] Image: http://www.ere.net/wp-content/uploads/2012/08/Screen-shot-2012-08-27-at-7.55.34-AM.png

[3] IBM’s buying the company: http://www-03.ibm.com/press/us/en/pressrelease/38635.wss

[4] Rudy Karsan: http://blog.kenexa.com/author/rudy-karsan/

[5] BrassRing: http://kenexa.com/Solutions/RecruitmentTechnology

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