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IBM buys Kenexa for Web applications expansion

GTM

Tuesday, August 28, 2012

IBM will buy Kenexa Corp. for about $1.3 billion to enter the Web-applications market and compete with Oracle and SAP, adding another campaign to the information technology services arms race. IBM’s first move will be in the human resources software market, but the deal is important to everyone in sectors where IBM has a presence and competes against Oracle and SAP. These three large players are moving into more Web-based software markets that will shift h...

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