NEW YORK ( TheStreet) -- Talent management may seem a strange move for hardware and software giant IBM (IBM), but the company's $1.3 billion deal to acquire Kenexa (KNXA) marks the latest stage in the company's broader cloud strategy.
Kenexa, which sells recruitment and talent management software, has chalked up an impressive customer list for its HR Web applications and consulting services, including Starbucks (SBUX), CVS (CVS), Boeing (BA), GE (GE) and Ford (F).
IBM sees Kenexa as a way to bolster its social business offerings, technologies for connecting workers across their organizations, as well as feeding into the company's massive business analytics push. As with most things in tech these days, cloud features prominently in the acquisition.
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