Business Daily from THE HINDU group of publications Sunday, Sep 02, 2007 ePaper |
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Corporate
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Mergers & Acquisitions Kenexa acquires German consultancy
Our Bureau Hyderabad, Sept. 1 Kenexa Corporation has announced it has acquired Germany-based HRC Human Resources Consulting GmbH. The financial details of the transaction were, however, not disclosed. Headquartered in Munich, HRC Human Resources Consulting GmbH is a leading consultancy for business-orientated employee surveys in German-speaking countries. Kenexa Corporation, which has India operations in Hyderabad, provides outsourcing, employee research and software to help organisations more effectively recruit and retain a productive workforce According to a press release here, the acquisition of HRC will provide additional proprietary content to Kenexa’s current survey and performance management offering and their offices will expand Kenexa’s geographical reach in mainland Europe — a key growth area for Kenexa. The Kenexa’s Chief Executive Officer, Mr Rudy Karsan, said: “We’re delighted to welcome HRC to the Kenexa family. We expect that their rich history and impressive client base will help accelerate our growth in Europe”. Dr René Bergermaier, co-founder and Managing Partner of HRC, said: “Kenexa is a leading provider of employee surveys and this move will bring together some of the most experienced psychologists, consultants and researchers in the world to create one of the strongest teams in the industry.”
More Stories on : Mergers & Acquisitions | Consulting | Human Resources | Overseas Investments
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