IBM Adds To Social Portfolio With $1.3 Billion Kenexa Deal
IBM is expanding its cloud software portfolio with its $1.3 billion acquisition of Kenexa, a vendor of social networking applications that help businesses with recruiting and talent management.
IBM intends to integrate Kenexa's applications with its own business analytics, social media, human resource management and business process management software and services.
"It's all about changing the way people work," said Alistair Rennie, IBM general manager of social business, in a conference call. "We see this as a big, strategic growth area."