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.