Infotech Lead America: IBM is set to acquire Kenexa Corporation, a provider of recruiting and talent management solutions, for $1.3 billion.
Following completion of the transaction, Kenexa will be wholly owned by IBM.
Due to the pending transaction with IBM, Kenexa is withdrawing all previously issued financial guidance with respect to the full year ending December 31, 2012 as well as the third quarter ending September 30, 2012.
Kenexa helps drive HR and business outcomes through its unique combination of technology, content and services.
Enabling organizations to optimize their workforces since 1987, Kenexa’s integrated talent acquisition and talent management solutions have touched the lives of more than 110 million people.