In an effort to expand its reach into the e-learning market, Kenexa, a publicly listed provider of business solutions for human resources and talent management, has agreed to acquire Boston-based OutStart.
Financial terms of the acquisition were not disclosed.
OutStart offers SaaS-based social and mobile learning solutions and will help Kenexa bolster its suite of talent management products, the latter company said in a statement.
OutStart is said to have more than 300 customers, ranging from large global organizations to mid-size companies and government agencies.
Kenexa says it expects to fund the acquisition of the privately-held software company with its existing cash balance. The company also expects the transaction to be at least neutral to non-GAAP net income available to common shareholders on a per share basis for 2012.
OutStart provides social business software and learning systems that act like a lifeline: connecting people to the know-how, creativity, and learning they require to be efficient, effective, and agile.
Kenexa Corporation and its subsidiaries provide software, proprietary content, and services that enable organizations to recruit and retain employees. The company offers hiring solutions and retention solutions. Its hiring solutions include Kenexa recruitment process outsourcing (RPO) that provides global recruitment services; recruitment technology solutions; onboarding solutions, which offer forms management for legal documents, workflow, and electronic signatures; employee assessments that help organizations to select and retain top performers; Kenexa Prove It, a skills test solution to identify and select...