Kenexa Acquires Germany-based Human Resources Consulting

Kenexa, a provider of talent acquisition and retention solutions, today announced it has acquired Germany-based HRC Human Resources Consulting GmbH.

Headquartered in Munich, HRC Human Resources Consulting GmbH (HRC) is one of the leading consultancies for business-orientated employee surveys in German-speaking countries. The acquisition of HRC will provide additional proprietary content to Kenexaís current survey and performance management offering and their offices will expand Kenexaís geographical reach in mainland Europe - a key growth area for Kenexa.

Kenexaís Chief Executive Officer, Rudy Karsan, said, ìWeíre delighted to welcome HRC to the Kenexa family. We expect that their rich history and impressive client base will help accelerate our growth in Europe. Since their inception in 1987, they have been a reliable and competent partner for many German national and multi-national companies and organizations and we look forward to building upon these excellent and long-standing relationships.î

HRCís strong list of clients will benefit from Kenexaís significant investment in research and development as well as Kenexaís award winning technology offering and comprehensive solutions for employment branding, talent management, employee assessment, recruitment process outsourcing, performance management and HR analytics.

ìThis is an exciting time for us and our clientsî, says Dr. Ren Bergermaier, co-founder and Managing Partner of HRC. ìKenexa is a leading provider of employee surveys and this move will bring together some of the most experienced psychologists, consultants and researchers in the world to create one of the strongest teams in the industry.î

Financial details of the transaction were not disclosed.

Forward-Looking Statements
This press release includes certain ìforward-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 concern, among other things, guidance as to future revenue and earnings, operations, expected benefits from the 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 Kenexaís most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission and as revised or supplemented by Kenexaís 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, Kenexaís ability to implement business and acquisition strategies or to complete or integrate acquisitions. 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.