Kenexa to Acquire Salary.com

September 3, 2010 – Kenexa Corporation, a global provider of business solutions for human resources, has entered into an agreement to acquire Salary.com, Inc. in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Kenexa expects to complete the cash tender offer and close the transaction during the fourth quarter of 2010. Salary.com provides on-demand compensation software that helps businesses and individuals manage pay and performance. “We are very excited to announce the acquisition of Salary.com, which provides Kenexa with significant domain expertise and a strong leadership position in the area of on-demand compensation management solutions,” said Rudy Karsan, CEO of Kenexa. “Salary.com's value proposition spans both software and proprietary content, similar to Kenexa, and their compensation management solutions are highly synergistic with our broad suite of talent acquisition and retention solutions.”

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