IBM Completes Acquisition of Kenexa
Accelerates Social Business for Workforce Transformation
ARMONK, N.Y., Dec. 4, 2012
ARMONK, N.Y., Dec. 4, 2012 /PRNewswire/ --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.
(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )
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
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.
The adoption of social business technology is further accelerating the growth
of big data and the need for analytics in the enterprise. 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.
The survey also reveals that 70 percent of CEOs cite human capital as the
single biggest contributor to sustained economic value. 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
"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."
Today, Kenexa is an industry leader in cloud-based software and recruiting
process outsourcing (RPO.) 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.
Since IBM announced its intent to acquire Kenexa in August, Kenexa has seen
continued momentum with customers around the globe. 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 Kenexa acquisition complements IBM's social business and HR business
services leadership. For three consecutive years, IDC ranked IBM number one in
enterprise social software. Today, more than 60 percent of Fortune 100
companies have licensed IBM's solutions for social business.
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.
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. Register to attend Connect 2013 at
With the closing of this acquisition approximately 2,800 Kenexa employees in
21 countries join IBM. 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.
For more information visit www.ibm.com/social-business.
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