Kenexa: A powerful foundation for enabling a smarter workforce
By Alistair Rennie, General Manager
Today, IBM announced our intent to acquire Kenexa, a leading provider of recruiting and talent management solutions. By complementing IBM's leadership in social business and business analytics, Kenexa will provide a powerful foundation to accelerate our work with clients seeking to generate real ROI from their workforce investments.
The acquisition bolsters IBM's leadership in helping clients embrace social business capabilities while gaining actionable insights from the enormous streams of information generated from social networks every day. Kenexa complements IBM's strategy of bringing relevant data and expertise into the hands of business leaders within every functional department from sales and marketing to product development and human resources. As a result of this synergy, clients will be able to attract and develop the right skills to build the right teams, for the right projects, the first time.
Over the last several years, social media has become an important consumer phenomenon. What is the role of social networking technology in the enterprise? Based on our work with leading clients, IBM believes that real value is generated through the purposeful application of social technology to transform front office processes. Our leading clients are generating meaningful ROI by creating social networks of expertise that leverage analytics and act on insights to improve business processes. For example:
Cemex, a global cement manufacturer, is using its social networks of expertise to deliver its first globally branded product in 1/3 the time
Reliance insurance is integrating social business technologies into their branch-based operations resulting in industry leading growth while reducing operating costs by 30%.
VCC, a global construction company, transformed its sales and customer relationship processes with social tools, increasing sales by 40%.
The adoption of social business technology is contributing to the growth of big data and the need for analytics in the enterprise. A recent global IBM study revealed that 57 percent of CEO's identified social business as a top priority and more than 73 percent are making significant investments to draw insights into available data.
The survey also reveals that 70 percent cite human capital as the single biggest contributor to sustained economic value. The combined strengths of IBM and Kenexa are key differentiators at a time when organizations of all sizes are looking to increase workforce efficiencies and gain more insight from their business information.
Today, Kenexa supports more than 8,900 customers across a variety of industries, including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500.
The Kenexa acquisition will complement IBM's social business and HR business services leadership. More than 60 percent of Fortune 100 companies have licensed IBM's solutions for social business. Through its combination of social software, analytics, content management, and deep industry expertise, IBM is uniquely positioned to help organizations capture information, create insights and generate interactions that translate into real business value.
IBM expects the transaction to close in the fourth quarter of 2012, subject to Kenexa shareholder and regulatory approvals and the satisfaction of other customary closing conditions.
To learn more:
Click here to read the press release
Click here to read more on ibm.com