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IBM buys Kenexa for $1.3 billion

08/28, 9:31pm

Purchase will shore up IBM's social offerings

IBM announced today that it was purchasing human resources software company Kenexa. The computing and enterprise services will pay $1.3 billion in cash to acquire Kenexa, which supplies an array of services aimed at aiding in employee recruitment, retention, and development. As The Wall Street Journal reports, the deal is likely to help IBM as it competes against other enterprise technology players such as Oracle and Salesforce.

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