IBM is following in the recent footsteps of Oracle, SAP and Salesforce.com and buying a cloud-based talent recruiting and management platform.
Its pick is Kenexa which also sells consulting. It’ll pay about $1.3 billion or $46 a share, a 42% premium to Kenexa’s close on Friday so you know the shares shot up to close the divide.
IBM says the acquisition will let organizations act on insights-driven analytics to create a smarter workforce across every line of business. It sees an “enormous opportunity” to apply advanced social business and analytics capabilities to front-line business operations and quotes CEO Ginni Rometty saying “organizations can think of Big Data as the next great natural resource.”