IBM acquires Kenexa for $1.3bn

IBM says it hopes to use the acquisition to help clients embrace social business capabilities using insights from both Kenexa’s institute and social media sources. It will integrate Kenexa’s front-office process solutions into its social technology platform.

Rudy Karsan, chief executive officer at Kenexa, said: “Together, Kenexa and IBM will offer solutions that extend from strategy to the technology platform to the delivery of services for clients.”

IBM expects the transaction to close in the fourth quarter of 2012, subject to Kenexa shareholder and regulatory approvals.