Kenexa Acquires E-Learning Solutions Company OutStart

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.

Also read: Kenexa To Acquire In $80 Million Deal