The Rising Influence of Rising Affluence

[DewDiligence]

IBM acquires KNXA for $46/sh in cash, a 42% premium to Friday’s close:

http://finance.yahoo.com/news/ibm-acquire-kenexa-bolster-social-130000367.html

The acquisition bolsters IBM's leadership in helping clients embrace social business capabilities while gaining actionable insights from the enormous streams of information generated from social networks every day.

Kenexa, a leading provider of recruiting and talent management solutions, brings a unique combination of Cloud-based technology and consulting services that integrates both people and processes, providing solutions to engage a smarter, more effective workforce across their most critical business functions.

The nominal deal price is $1.3B.