Kenexa Acquires Quorum International -- Global Recruitment Process Outsourcing Provider
Kenexa Expands Global Leadership Position, Reach and Customer Delivery Capabilities in Europe, Middle East and Africa
| Source: Kenexa
WAYNE, PA--(Marketwire - April 2, 2008) - Kenexa® (NASDAQ : KNXA ), a global provider of
talent acquisition and retention solutions today announced its acquisition
of London-based Quorum International, a leader in providing recruitment
process outsourcing (RPO) services to multi-national corporations
throughout Europe, the Middle East and Africa for almost ten years.
Kenexa's Chief Executive Officer, Rudy Karsan, said, "This acquisition
broadens Kenexa's global presence and strengthens our position as an
industry leader for companies to turn to when they are looking to 'build
the world's greatest workforce -- one employee at a time.' With teams
already in place in Madrid, Paris, London, Munich, Dubai, Krakow and
Zurich, this acquisition enables Kenexa to provide continued local support
and expanded services to our growing client base in these regions.
Additionally, recruitment teams at client sites in Amsterdam, Hong Kong,
Milan, Copenhagen, Stockholm, Frankfurt, Johannesburg, Warsaw, Tel Aviv and
Zagreb will seek to expedite the seamless transition for our customers."
Quorum's CEO, Paul Fairbank, said, "We believe that the combination of
Quorum and Kenexa brings together two great organizations and creates one
of the strongest teams in the global recruitment market. For Quorum, it was
of primary importance that Kenexa shares our dedication to world-class
service and customer satisfaction. We anticipate that the combining of our
two companies will provide an enhanced value-creating partnership for the
customers, employees and shareholders of both companies."
Financial details of the transaction were not disclosed.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained in
this press release that are not historical facts and statements identified
by words such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates" or words of similar meaning. These statements may
contain, among other things, guidance as to future revenue and earnings,
operations, expected benefits from the BrassRing transaction, prospects of
the business generally, intellectual property and the development of
products. These statements are based on our current beliefs or expectations
and are inherently subject to various risks and uncertainties, including
those set forth under the caption "Risk Factors" in Kenexa's most recent
Annual Report on Form 10-K as filed with the Securities and Exchange
Commission and as revised or supplemented by Kenexa's quarterly reports on
Form 10-Q. Actual results may differ materially from these expectations due
to changes in global political, economic, business, competitive, market and
regulatory factors, Kenexa's ability to implement business and acquisition
strategies or to complete or integrate acquisitions (including BrassRing).
Kenexa does not undertake any obligation to update any forward-looking
statements contained in this document as a result of new information,
future events or otherwise.
About Kenexa
Kenexa Corporation (NASDAQ : KNXA ) is a global leader in building the
world's greatest workforces using a combination of software, employee
research science and business process optimization. Kenexa's global
solutions include applicant tracking, onboarding, recruitment process
outsourcing, employment branding, skills and behavioral assessments,
structured interviews, performance management, multi-rater feedback
surveys, employee engagement surveys and HR Analytics. Kenexa is
headquartered in Wayne, Pa. (outside Philadelphia). Additional information
about Kenexa and its global products and services can be accessed at
www.kenexa.com.
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