IBM Nabs Cloud Recruitment Software Maker Kenexa

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http://www.thevarguy.com – Add IBM (NYSE: IBM) to the growing list of major IT players snapping up cloud-based software developers sporting a social media twist. IBM said it will plunk down $1.3 billion, or 46 cents a share, for Kenexa (NYSE: KNXA), a 25-year old, publicly held maker of online recruitment and talent management solutions. What does IBM want with Kenexa, whose cloud-based technology and consulting services target the recruitment and management of talent using social networking tools, and whose motto is, “To us, business is personal?” Early reports suggested that IBM’s interest in Kenexa stemmed from (IT news)