In an effort to expand its reach into the e-learning market, Kenexa (http://www.crunchbase.com/company/kenexa-2), a provider of business solutions for HR, has agreed to acquire (http://www.businesswire.com/news/home/20120206005451/en/Kenexa-Agrees-Acquire-OutStart-Leading-Provider-Generation) Boston-based OutStart (http://www.outstart.com/). Terms of the acquisition were not disclosed.
OutStart offers SaaS-based social and mobile learning solutions and will help Kenexa bolster its suite of talent management products, the latter company said in a statement.
OutStart is said to have more than 300 customers, ranging from large global organizations to mid-size companies and government agencies.
Kenexa says it expects to fund the acquisition of the privately-held software company with its existing cash balance. The company also expects the transaction to be at least neutral to non-GAAP net income available to common shareholders on a per share basis for 2012.
Also read: Kenexa To Acquire Salary.com In $80 Million Deal (http://techcrunch.com/2010/09/01/kenexa-salary-com/)
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