IBM Buys Kenexa for $1.3 Billion… in cash.

Our summary: IBM bough Kenexa for $1.3 billion.  Kenexa builds talent acquisition and management software.  Makes us happy to be in this space.  It’s interesting to see their revenues though:

So, 1.3 Billion is about 4X multiple on 2011 and looks like it will be 2X multiple for 2012.

Kenexa has over 9000 customers ranging form Starbucks to CVS to Boeing and has previously acquired Outstart and Salary.com.  So all in all, the craziness around HR continues.

IBM Buys Social HR And Talent Management Software Company Kenexa For $1.3B In Cash

by Leena Rao

IBM has scooped up talent management and HR software makerKenexa. The price? A hefty $1.3 billion, or $46.00 per share in cash.

The NASDAQ-listed Kenexa offers an HR, talent acquisition and talent management software. The product includes recruitment process outsourcing (RPO) that provides global recruitment services; recruitment technology solutions; onboarding solutions, which offer forms management for legal documents, workflow, and electronic signatures; employee assessments that help organizations to select and retain top performers; Kenexa Prove It, a skills test solution to identify and select the talented candidates;and Kenexa Interview Builder, which provides an online structured interview reference library of approximately 3,000 questions; and employment branding solutions.

The software also includes talent management functions including performance management, compensation management, career development, goal alignment, and succession planning; employee surveys; learning management solutions, which enable organizations to deliver and track employee learning; and leadership solutions comprising leadership audit, leadership assessments, and leadership development.

Read full coverage on TechCrunch.

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