Kenexa Expands Global Leadership Position, Reach and Customer Delivery Capabilities in Europe, Middle East and Africa
Kenexa® (NASDAQ: KNXA), a global provider oftalent acquisition and retention solutions today announced its acquisitionof London-based Quorum International, a leader in providing recruitmentprocess outsourcing (RPO) services to multi-national corporationsthroughout Europe, the Middle East and Africa for almost ten years.
Kenexa's Chief Executive Officer, Rudy Karsan, said, "This acquisitionbroadens Kenexa's global presence and strengthens our position as anindustry leader for companies to turn to when they are looking to 'buildthe world's greatest workforce -- one employee at a time.' With teamsalready in place in Madrid, Paris, London, Munich, Dubai, Krakow andZurich, this acquisition enables Kenexa to provide continued local supportand 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 andZagreb will seek to expedite the seamless transition for our customers."
Quorum's CEO, Paul Fairbank, said, "We believe that the combination ofQuorum and Kenexa brings together two great organizations and creates oneof the strongest teams in the global recruitment market. For Quorum, it wasof primary importance that Kenexa shares our dedication to world-classservice and customer satisfaction. We anticipate that the combining of ourtwo companies will provide an enhanced value-creating partnership for thecustomers, 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 themeaning of the Private Securities Litigation Reform Act of 1995. Theseforward-looking statements include, but are not limited to, plans,objectives, expectations and intentions and other statements contained inthis press release that are not historical facts and statements identifiedby words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "estimates" or words of similar meaning. These statements maycontain, among other things, guidance as to future revenue and earnings,operations, expected benefits from the BrassRing transaction, prospects ofthe business generally, intellectual property and the development ofproducts. These statements are based on our current beliefs or expectationsand are inherently subject to various risks and uncertainties, includingthose set forth under the caption "Risk Factors" in Kenexa's most recentAnnual Report on Form 10-K as filed with the Securities and ExchangeCommission and as revised or supplemented by Kenexa's quarterly reports onForm 10-Q. Actual results may differ materially from these expectations dueto changes in global political, economic, business, competitive, market andregulatory factors, Kenexa's ability to implement business and acquisitionstrategies or to complete or integrate acquisitions (including BrassRing).Kenexa does not undertake any obligation to update any forward-lookingstatements 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 theworld's greatest workforces using a combination of software, employeeresearch science and business process optimization. Kenexa's globalsolutions include applicant tracking, onboarding, recruitment processoutsourcing, employment branding, skills and behavioral assessments,structured interviews, performance management, multi-rater feedbacksurveys, employee engagement surveys and HR Analytics. Kenexa isheadquartered in Wayne, Pa. (outside Philadelphia). Additional informationabout Kenexa and its global products and services can be accessed atwww.kenexa.com.
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