Kenexa® (NASDAQ: KNXA), a leading provider of business solutions for human resources, today announced the acquisition of The Centre for High Performance Development (Holdings) Limited (CHPD). CHPD’s extensive research on leadership development and training will add to Kenexa’s existing research and content portfolio.
Founded in 1996 and with offices in London and New York, CHPD specializes in leadership development and management training. Kenexa’s acquisition of CHPD further expands the company’s leadership development expertise by joining some of the most experienced consultants and researchers in the world and is expected to create one of the strongest leadership development, management training, diversity and inclusion, and executive coaching teams in the industry.
Rudy Karsan, Kenexa’s Chief Executive Officer, said, “We’re delighted to welcome CHPD and its clients to the Kenexa family. CHPD’s leadership model has been used by more than 100 organizations around the world and its database of more than 10,000 leadership profiles is recognized as one of the foremost benchmarking tools available today. The combination of Kenexa and CHPD will provide the most researched and proven leadership development content in the industry. CHPD is a valuable addition to the Kenexa family and our clients will benefit from its depth of offerings.”
CHPD’s clients will also benefit from Kenexa’s award-winning technology offerings and comprehensive solutions for employment branding, recruitment technology, employee assessment, recruitment process outsourcing, performance management, employee surveys and HR analytics.
“Joining with Kenexa is an exciting opportunity for CHPD and our clients,” said Chris Parry, Chairman and Co-Founder of CHPD. “Kenexa’s business solutions approach to human resources fits perfectly with CHPD’s research-based solutions in leadership development, diversity & inclusion and executive coaching. The strength of our combined company broadens significantly the services we can offer to our clients.”
Financial details of the transaction were not disclosed. Kenexa does not expect the transaction to have a material impact on the company’s non-GAAP net income. The company will provide guidance for the third quarter and full year 2010, which includes the anticipated contribution from CHPD, when it issues its financial results for the second quarter 2010.
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, “will, ” or words of similar meaning. These statements may contain, among other things, guidance as to future revenue and earnings, operations, expected benefits from the CHPD 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 s! et 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 CHPD). Kenexa does not intend or undertake any obligation to update or revise any forward-looking statements contained in this document as a result of new information, future events or otherwise.
