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IBM is buying cloud HR software vendor Kenexa (KNXA) for $1.3B, or $46/share. The price...

IBM is buying cloud HR software vendor Kenexa (KNXA) for $1.3B, or $46/share. The price represents a 42% premium to Kenexa's Friday close. The acquisition follows SAP and Oracle's purchases of peers SuccessFactors and Taleo, and comes as Workday, another big name in the space, prepares an IPO. Cornerstone OnDemand (CSOD), a cloud HR name that hasn't found a buyer yet, could trade higher on the news. IBM expects the acquisition to close in Q4. (PR)
Comments (1)
  • And don't forget about ULTI...a long-time performer!
    27 Aug 2012, 09:30 AM Reply Like
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