IBM will spend about $1.3 billion for Kenexa, a maker of Web-based human-resources and recruiting services, part of its effort to reach $16 billion in annual analytics revenue.
IBM agreed to pay $46 a share in cash for the Wayne, Pennsylvania-based company, according to a statement today. The deal is expected to be completed in the fourth quarter.
Kenexa uses a social-networking approach to HR, working with more than 8,900 customers in financial services, pharmaceuticals, retail and other...
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