Monday, August 27, 2012 
<p>ARMONK, N.Y. IBM is buying employee management software maker Kenexa Corp. for about $1.26 billion.</p><p>IBM says that the buyout will complement its social business and human resources business services team.</p><p>Kenexa, based in Wayne, Pa., uses a combination of cloud-based technology and consulting services to assist more than 8,900 customers.</p><p>IBM said Monday that it will pay $46 per Kenexa share, a 42 percent premium to the company's Friday closing price of $32.39. FactSet says Kenexa currently has approximately 27.4 million outstanding shares.</p><p><a href="http://online.wsj.com/article/APd3f3d0735e5c407eb031287c8637c042.html">Keep reading...</a></p>
