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IBM Taps Into Talent With Kenexa Buy

IBM, however, has been busily fleshing out its SaaS offerings, as evidenced by its acquisitions of Coremetrics in 2010, DemandTec last year, and Tealeaf Solutions earlier this year. Coremetrics' and DemandTec's analytics technologies are now offered within IBM's Smarter Commerce solutions. Tealeaf, which is also part of Smarter Commerce, offers customer experience management software for analyzing interactions on Web sites and mobile devices.

IBM, which is paying $46 a share for Kenexa, expects the deal to close in the fourth quarter of 2012.

Shares of IBM, which have risen 6.42% this year, closed down 1.05% at $195.69 on Monday. Kenexa shares closed up 41.37% at $45.79.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

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