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.