IBM Corp is making a large splash in the human resources software market by announcing its $1.3 billion acquisition of Kenexa Corp.
This move by IBM follows computing giants Oracle Corp. and SAP AG, who recently bought their way into the fast-growing, cloud-based software market. In December 2011, SAP spent $3.4 billion for SuccessFactors; recently, Oracle acquired Taleo Corp. for $1.9 billion.
One factor behind this new wave of online business applications is these technology companies are less susceptible to economic downturns, since human resources services
Cutting-edge companies such as, Taleo, SuccessFactors and Ovation Technologies, help improve the cost-effectiveness of small-to-medium-sized enterprises by offering automation to many human relations responsibilities. HR jobs such as job postings, hiring, education and reference checks are more efficient over the cloud—saving business owners time and money.over the cloud is both convenient and affordable, with no up-front costs, infrastructure or costly licensing fees. Businesses of any size can compete for talent acquisition, hiring and onboarding with the aid of the new advances in human resources software.
Kenexa, with more than 8,900 customers, specializes in “Employment Branding.” A client company’s uses Kenexa’s services to convey a “unique culture” through a unified branding—with channels such as creating career sites, offering analysis and performance management and public relations.
More information about the IBM acquisition of Kenexa can be found at the original Reuters.com story.
Image Credit: Reuters/Nir Elias