The Hindu Business Line : Kenexa buys Oramasters

Mr. Rudy Karsan, CEO and Chairman of the Board, Kenexa Corporation (centre), with other officials at a press conference in Hyderabad on Friday. - - A. Roy Chowdhury

Hyderabad , April 2

KENEXA, a technology solutions provider, has acquired Oramasters, which is into human resource solutions, and plans to expand Indian operations, including product development work based out of Hyderabad.

The founder and Chief Executive Officer of Kenexa, Mr Rudy Karsen, told presspersons that the company planned to expand its operations at the global development centre to improve innovations and implement quality initiatives for Kenexa products. Managing human capital is a holistic process where Kenexa helps provide software for talent acquisition and performance management and services for employment process outsourcing (EPO).

The company has invested about $3 million in India, including the Oramasters acquisition, and expects to deploy more funds to both establish new centres and grow the headcount.

A $50-million in revenues company, Kenexa serves US corporations with over 10,000 employees.

Founded in 1987, Kenexa has 500 plus employees worldwide with clients spread across verticals such as banking, IT and ITes spheres.

The Chief Technology Officer of Kenexa, Mr Rama Velpuri, who was earlier Executive Director of Oracle India, and founder of Oramasters, said, "this merger was a right strategic fit and with complementary products to meet the HR capital management, we see new opportunities in the Asia-Pacific market and the region as well."

The Managing Director of Kenexa, Mr Raghuveer Sakuru, said with the conclusion of acquisition of Oramasters, Kenexa has completed the initial phase of expansion.

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