Kenexa Recognized as a Talent Management Systems Leader in Bersin & Associates Research
Market Study by Leading Research Firm Acknowledges Kenexa's Sophisticated Analytics Tools, Strong Integration of Assessments
| Source: Kenexa
WAYNE, PA--(Marketwire - November 11, 2009) - Kenexa
(NASDAQ : KNXA ), a global provider of business solutions for human resources,
today announced it has been recognized as a market leader in the recently
released Talent
Management Systems 2010: Market Realities, Implementation Experiences, and
Solution Provider Profiles. The study, conducted by Bersin & Associates, the only research
and advisory firm focused solely on enterprise learning, talent management
and talent acquisition, is a comprehensive market review and buyers' guide
for talent management software systems.
The report found that, despite the recession, the talent management systems
market has thrived over the last year and vendors have seen significant
growth. Based on market data and information provided by vendors, Bersin &
Associates project that the market will expand by 15 percent over the
coming year. The report also found that the market is crowded with many
providers with similar solutions. The key differentiator that drove overall
satisfaction was the customer experience, including partnership
relationships with vendors and customer service. According to Bersin,
organizations are no longer willing to sacrifice functionality in order to
standardize technology and are expecting more from their providers.
"We are pleased to have been recognized in Bersin's research. Kenexa's
industry-leading applications are built using innovative technology and
driven by customer requirements, giving our clients what they need on an
integrated platform. This, along with our commitment to Extreme Service, is
what sets Kenexa apart from the competition and has sustained our growth in
this economy," commented Rudy Karsan, Kenexa's CEO.
"Our goal is to address the real business impact of these systems and
identify the market leaders. Despite the economic recession, the talent
management software market continues to outpace new spending on core human
resource management software. While it is still a very competitive market,
the real market leaders are starting to emerge," said Josh Bersin,
president, Bersin and Associates.
Out of 24 companies profiled, Kenexa ranked No. 4 in market share by
revenue and by number of enterprise customers.
Kenexa offers Integrated Talent Management (ITM) to facilitate each step of
the employee lifecycle. The SaaS-based applications are unified through
common services and enable clients to have access to continuous upgrades,
expert functionality and streamlined customer support for single point
solutions or across multiple Kenexa applications delivering holistic talent
management.
The Bersin & Associates study particularly acknowledged the strength of
Kenexa's sophisticated reporting and analytics tools and the integration of
its market-leading psychometric assessments.
Karsan concluded, "By leveraging the expertise of our more than 100
industrial organizational (I/O) psychologists, HR researchers and
recruiters, as well as the best practices we've learned from more than 20
years in the industry, Kenexa enables organizations to not just deploy
technology but to maximize its business value."
The 400-plus-page study is based on detailed briefings and product
demonstrations provided by 24 vendors; completed surveys from 460 HR,
learning and development, and information technology professionals; and
more than 40 interviews with HR and talent leaders.
For more details about the study, please visit www.bersin.com/tmsystems.
About Kenexa
Kenexa® provides business solutions for human resources. We help global
organizations multiply business success by identifying the best individuals
for every job and fostering optimal work environments for every
organization. For more than 20 years, Kenexa has studied human behavior and
team dynamics in the workplace, and has developed the software solutions,
business processes and expert consulting that help organizations impact
positive business outcomes through HR. Kenexa is the only company that
offers a comprehensive suite of unified products and services that support
the entire employee lifecycle from pre-hire to exit. Additional information
about Kenexa and its global products and services can be accessed at
www.kenexa.com.