Kenexa Announces Financial Results for Second Quarter 2011…from Kenexa

August 9, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (Nasdaq: KNXA), a global provider of business solutions for human resources, last week announced operating results for the second quarter, ended June 30, 2011.

For the second quarter of 2011, Kenexa reported total GAAP revenue of $69.0 million, with non-GAAP revenue of $71.3 million after eliminating the $2.3 million GAAP adjustment to deferred revenue resulting from the October 2010 acquisition of Salary.com, Inc.  Non-GAAP revenue was $44.9 million for the second quarter of 2010. Within total non-GAAP revenue, subscription revenue was $52.2 million for the second quarter of 2011, an increase of 45% compared with $36.1 million in the second quarter of 2010.  Professional services and other revenue was $19.1 million for the second quarter of 2011, an increase of 119% compared to $8.7 million for the second quarter of 2010. 

“Kenexa’s better than expected second quarter performance was the result of high customer interest levels, solid execution and Kenexa’s differentiated value proposition.  An increasing number of organizations around the world are looking for a strategic HR solutions partner, and Kenexa’s unique combination of software, proprietary content and services is driving continued market share gains,” said Rudy Karsan, Chief Executive Officer of Kenexa.  “We are increasing our outlook for 2011 based on our strong second quarter results and client momentum, though we continue to monitor the economic environment closely as macro data points remain highly variable on a global basis.”

Non-GAAP income from operations, which excludes share-based compensation expense, acquisition-related fees, amortization of acquired intangibles, the purchase accounting impact to Salary.com’s deferred revenue, a benefit related to a legal settlement, and non-recurring litigation charges, was $6.4 million for the three months ended June 30, 2011.  This was above the Company’s guidance of $5.4 million to $5.8 million and represented an increase of 69% compared to non-GAAP income from operations of $3.8 million for the three months ended June 30, 2010. 

Non-GAAP net income available to common shareholders, which excludes the items listed above and accretion associated with a variable interest entity, was $4.7 million for the three months ended June 30, 2011, compared to $3.1 million for the three months ended June 30, 2010.  Non-GAAP net income available to common shareholders was $0.18 per diluted share for the quarter ended June 30, 2011, up 38% compared to $0.13 per diluted share in the second quarter of 2010.  Non-GAAP net income per diluted share for the second quarter of 2011 was $0.01 above the Company’s guidance of $0.16 to $0.17 and included a $0.01 negative impact from higher shares outstanding.  The Company’s follow-on offering of common shares during the quarter was not anticipated at the time guidance was provided.  

Kenexa’s income from operations for the three months ended June 30, 2011, determined in accordance with GAAP, was $0.4 million, compared to income from operations of $1.7 million for the same period of 2010. GAAP net loss available to common shareholders was approximately $1.6 million, or a loss of $0.06 per basic and diluted shares for the three months ended June 30, 2011, compared to net income of $1.0 million, or $0.04 per basic and diluted share, in the same period of 2010.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Kenexa had cash, cash equivalents and investments of $127.5 million at June 30, 2011, compared to $19.7 million at the end of the prior quarter.  The increase in cash was primarily related to the company’s follow-on offering of common shares during the quarter, which provided $91.7 million in net proceeds including the execution of the overallotment option.  The Company also generated $16.8 million in non-GAAP cash from operations for the second quarter. 

Deferred revenue was $84.9 million at June 30, 2011, an increase of 47% from June 30, 2010 and up from $82.2 million at the end of the first quarter of 2011. 

Other Second Quarter and Recent Highlights

 

  • More than 50 “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually), an increase from the over 30 preferred partner customer additions in the year ago period.
  • The average annualized revenue from the Company’s top 80 customers, or P-cubed metric, was greater than $1.5 million, an increase from the over $1.1 million level in the second quarter of 2010.
  • On May 25, the company completed a public offering of 3,450,000 shares of its common stock at $27.75 per share. Kenexa received net proceeds of approximately $91.7 million after taking into consideration the execution of the overallotment option and deducting underwriting discounts and commissions and offering expenses that are payable by Kenexa.

Business Outlook

Based on information as of today, August 2, 2011, the Company is issuing financial guidance as follows: 

Third Quarter 2011*: The Company expects GAAP revenue to be $70.5 million to $72.5 million.  Excluding the GAAP adjustment to deferred revenue, resulting from the Salary.com acquisition, the Company expects non-GAAP revenue to be $72.0 million to $74.0 million, and non-GAAP operating income to be $7.1 million to $7.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.0 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.19 to $0.20. 

Full Year 2011*: The Company expects GAAP revenue to be $271.0 million to $275.0 million.  Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $279.0 million to $283.0 million, and non-GAAP operating income to be $27.5 million to $28.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 26.5 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.77 to $0.80.

* Kenexa’s non-GAAP results  excludes stock based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s revenue, a benefit related to a legal settlement, non-recurring litigation charges and accretion associated with a variable interest entity.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Kenexa Launches Game Changing Social Solutions for Recruiting / Industry Leader Delivers Comprehensive Offerings That Help Companies Move From “Post and Pray” State to Proactive Social Recruiting…from Kenexa

July 21, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today unveiled details of its newest suite of offerings: Social Solutions. Kenexa Social Solutions is the industry’s first multi-faceted set of social recruiting tools paired with attraction strategies and consulting to help HR professionals and recruiters fully leverage all the benefits of the social world through one vendor. Kenexa Social Solutions draws on Kenexa’s deep industry expertise in sourcing, recruiting, employment branding and social media to deliver positive outcomes for hiring employers as well as job candidates.

Eric Lochner, president of Global Talent Management at Kenexa, said, “Many companies want to harness the tangible benefits of social recruiting but — whether due to resources, time and other commitments — cannot readily tap into its full range of possibilities. As an industry leader, it was a natural progression that Kenexa take the initiative to develop the industry’s first truly integrated comprehensive offering that brings together the power of the applicant tracking system with the power of social networks.”

Uniquely positioned through its technology, content and services, Kenexa has a long-standing position as one of the talent acquisition and talent management industry’s innovators. Kenexa Social Solutions goes past just addressing social media and into creating multi-dimensional attraction strategies and connection tools to address end-to-end recruitment. Beyond the obvious such as Facebook, LinkedIn and Twitter, Kenexa offers sourcing strategies, candidate relationship management and consulting services that help attract, connect and recruit with talent like never before.

Included in Kenexa Social Solutions is a candidate relationship management tool that focuses on social recruiting and building passive candidate relationships. Using its robust API, Kenexa offers social career centers to empower candidates to interact with their social networks as they apply for jobs. Social consulting and management is included to provide the clients baseline for true social strategies and candidate attraction. Kenexa will continue to deliver on the promise of a social candidate and recruiter experience through its broad set and ever-expanding list of social features within its award-winning global talent acquisition solution, Kenexa 2x BrassRing™, including posting and sharing jobs across the most prominent social networks.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Kenexa Announces Alliance with GreenJobInterview.com…from Kenexa

July 12, 2011

 

Live Virtual Interviews to be integrated with Kenexa’s Solutions

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced details of an alliance with GreenJobInterview.com.  GreenJobInterview.com provides the proprietary technology that enables interviewers and candidates to interact face-to-face in real time while minimizing costs, maximizing time and reducing environmental impact.

Under the terms of the agreement, Kenexa has integrated GreenJobInterview’s virtual video interview capabilities into Kenexa 2x BrassRing™. Kenexa 2x provides a unified talent record across the employment lifecycle by linking recruitment, outsourcing, performance management and mobility on one technology platform.  With GreenJobInterview’s live virtual interviews, Kenexa is enabling hiring organizations and job candidates to eliminate the weeks of waiting to coordinate travel as well as the related expenses.  As a result, HR professionals and hiring managers can meet with and qualify higher volumes of candidates remotely by using GreenJobInterview’s secure, browser-based solution.

Derek Bluestone, Kenexa’s vice president of Product Marketing, commented, “The ability to reduce time-to-hire remains one of the biggest competitive differentiators for hiring companies.  By scheduling virtual interviews instead of waiting to coordinate in-person meetings, more candidates can be qualified and advanced to hiring managers for final approval. Live virtual interviews also provide an excellent opportunity for hiring organizations to promote their employment brands as progressive, innovative and environmentally conscious.”

Greg Rokos, president of GreenJobInterview.com, agreed, “Clients can brand their virtual interview websites with their company’s logo, palette and messaging. Our alliance with Kenexa supports their commitment to delivering world-class employment branding services to their clients, as well as aligns with their focus on being an environmentally responsible organization.”

Jeffrey Gelinas, Human Resources Manager at Kenexa, commented that Kenexa is using GreenJobInterview internally. He said, “In addition to our product integration with GreenJobInterview, we utilize their video interviewing functionality to improve our own hiring speed and quality. With GreenJobInterview, Kenexa is able to provide a unique candidate experience, standardize the interviewing process and better support our hiring managers.”

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Kenexa and Aberdeen Cite Importance of Assessment Solutions to Improve Business Performance…from Kenexa

June 10, 2011

 

Recent Research Shows how Assessment Data Helps Organizations Achieve Business Goals

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

As the only company currently offering fully integrated Assessment solutions that support the entire employee lifecycle, Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, understands how Assessments can help organizations identify, hire and retain right fit employees by predicting human performance and potential. The latest Assessments report from Boston-based Aberdeen Group, a Harte-Hanks Company (NYSE:HHS), supports Kenexa’s focus. Aberdeen’s research showed that organizations that used assessments in both the pre- and post-hire processes achieved, on average, 19% more of their organizational goals in the past year, as compared to organizations not using assessments.

“The results of the Aberdeen report further demonstrate what we at Kenexa have always known – assessment data can improve employee and organizational performance by ensuring the right person is hired for the right job,” stated Dr. Courtney McCashland, president of Kenexa’s Global Assessment Division . “Many of our long-term clients have experienced dramatic improvements in key business outcomes by using our assessment solutions. By understanding the key levers of a company, we are creating tools that help businesses hire a higher quality candidate.”

Mollie Lombardi, Senior Research Analyst, Human Capital Management at the Aberdeen Group, commented, “The research findings show a number of common attributes among best-in-class companies. For instance, best-in-class organizations are 85% more likely to be able to correlate post-hire assessment results to ongoing performance. And, organizations with a formal process to assess candidates, new hires and existing employees are 56% more likely to be best-in-class companies.”
 
With more than 1,000 ready-to-use Assessment tests available, Kenexa has been responsible for administering more than 30 million Assessments in 14 languages and in 44 countries in just the last two years. Assessments are based on seven key areas that predict individual performance and potential – experience, skills, abilities, personality, motivation, judgment and culture fit. Kenexa’s Assessments also integrate with recruitment technology, onboarding, career development, succession planning and leadership development to create a seamless user experience.

A complimentary copy of Aberdeen’s research, titled “Assessments 2011: Selecting and Developing for the Future,” can be downloaded here.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Kenexa Announces 2011 World Conference Keynote Speakers: Oakland A’s Billy Beane and Former Navy Commander Mike Abrashoff…from Kenexa

June 2, 2011

 

Beane and Abrashoff to Share Experiences on Transformative Management Strategies and GrassRoots Leadership Methods

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced that internationally renowned speakers, Billy Beane, vice president and general manager of the Oakland Athletics, and Mike Abrashoff, former Navy Commander and author of “It’s Your Ship,” will present inspirational, leadership-focused keynote presentations during Kenexa’s upcoming 2011 World Conference, “The Conference of Grown-Up Dreams.”

Considered one of the most progressive and talented baseball executives in the game today, Billy Beane has guided the Oakland Athletics into a perennial postseason contender since becoming the team’s general manager in 1997. Under Beane’s direction, the A’s ended a string of losing seasons, reaching the playoffs four times and winning the second most regular season games of any time in baseball. His management approach of identifying and using undervalued assets to create and sustain a competitive edge and the organization’s philosophy are the subject of Michael Lewis’ best-selling book, “Moneyball: The Art of Winning an Unfair Game,” and a full-length feature film due to premier this fall.

Former Navy Commander and author of “It’s Your Ship” and “Get Your Ship Together,” Mike Abrashoff will explain how GrassRoots Leadership helped transform his former ship, the U.S.S. Benfold, to be the best ship in the Pacific Fleet.  Overcoming challenges of exceptionally low morale and poor performance, Abrashoff replaced common command and control management methods with commitment and cohesion, engaging the hearts, minds and loyalties of the ship’s workers. Using personal interviews with all team members – regardless of station – Abrashoff generated invaluable ideas and inspired his crew, making each member feel invested and improving a ship that few thought could ever change.

“Kenexa is thrilled to have such pioneering leaders as Mike Abrashoff and Billy Beane joining us at the 2011 World Conference,” commented Rudy Karsan, Chairman and CEO of Kenexa. “Their keynote sessions will provoke conference attendees to dream big, even in the face of opposition and motivational challenges, and to encourage innovative leadership within their own organizations, ultimately creating a path for heightened levels of success.”

“The Conference of Grown-Up Dreams” will be held at the Walt Disney World Resort in Orlando, Fla. on October 11 and 12, 2011, and include a full agenda of breakout sessions led by industry experts, keynote presentations, entertainment and special events.  Additional speakers are to be announced. Those interested are encouraged to register early as extended discount conference rates are available now through June 15, 2011.

More information on Kenexa’s 2011 World Conference, including full speaker bios and registration, can be directly accessed at http://www.kenexaworldconference.com/.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Kenexa Announces Pricing of Follow-on Public Offering of Common Stock…from Kenexa

May 20, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa Corporation (Nasdaq: KNXA), a global provider of business solutions for human resources, announced today the pricing of its underwritten public offering of 3,000,000 shares of its common stock at $27.75 per share.  Kenexa expects to receive net proceeds of approximately $78.7 million after deducting underwriting discounts and commissions and estimated offering expenses that are payable by Kenexa.  In addition, Kenexa granted the underwriters a 30-day option to purchase up to 450,000 additional shares solely to cover over-allotments, if any.
 
Kenexa intends to use the net proceeds from the offering for working capital, general corporate purposes and potential acquisitions or investments in strategic businesses or technologies. The offering is expected to close on May 25, 2011, subject to customary closing conditions.

Cowen and Company and Lazard Capital Markets LLC are acting as joint book-runners for the offering.  JMP Securities, Oppenheimer & Co. and Wedbush Securities are acting as co-managers for the offering.

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Kenexa Introduces New Recruitment Process Outsourcing Solution: ZOOMRecruit…from Kenexa

March 23, 2011

 

Global RPO Leader Gives Companies Innovative Option for Rapid Recruiting of High-Quality Candidates

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced the release of ZOOMRecruit, a new rapid recruitment process outsourcing (RPO) option for companies that need to hire top talent quickly–often in less than a year.

Developed in response to the accelerated hiring blitz that many companies are undergoing thanks to a recovering U.S. economy, ZOOMRecruit makes it easier for companies to source candidates quickly, efficiently and cost-effectively. The solution provides two levels of RPO support – project-based RPO and sourcing. The project-based RPO solution delivers all of the components of Kenexa’s complete RPO solution, including sourcing and recruiting, employment branding and employee assessments, for a short, defined period. With the sourcing only solution, Kenexa sources and recruits top candidates and then submits them to the requesting company for next actions.

“As our economy begins to heat up, many companies need to hire talent quickly to backfill positions that had been reduced. Companies need these hires yesterday to keep up with growing demand. Kenexa has developed an innovative RPO solution that is in keeping with our promise to provide flexible, customized solutions for our clients,” stated Phil Stewart, president, Recruitment Process Outsourcing, Kenexa. “ZOOMRecruit allows for a company to benefit from a full-blown RPO solution in a relatively short period of time – a year or less – and often targeted to a very specific staffing need. Ramping up a company’s workforce has never been easier.”

Powered by Kenexa 2x BrassRing®, the new product combines Kenexa’s global RPO solution, which is renowned for delivering a higher quality of candidate, with BrassRing’s world-class recruiting technology. ZOOMRecruit also has the flexibility to integrate with a company’s existing applicant tracking system (ATS).

Stewart continued, “As one of the most respected RPO providers around the world, we have a long history of creating groundbreaking solutions that evolve to meet market demand. ZOOMRecruit will deliver the same cost reductions and high-quality candidates that our existing RPO solution provides.”

ZOOMRecruit is available immediately for new and existing Kenexa customers.

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Kenexa Announces Financial Results for Fourth Quarter and Full Year 2010…from Kenexa

February 9, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (Nasdaq: KNXA), a global provider of business solutions for human resources, today announced operating results for the fourth quarter and full year, ended December 31, 2010. 

For the fourth quarter of 2010, Kenexa reported total GAAP revenue of $61.0 million, with non-GAAP revenue of $64.1 million after eliminating the $3.1 million GAAP adjustment to Salary.com’s deferred revenue. Non-GAAP revenue increased 64% compared to $39.1 million for the fourth quarter of 2009. In 2009, all revenues are reported using GAAP. Within total non-GAAP revenue, subscription revenue was $48.6 million for the fourth quarter of 2010, an increase of 46% compared with $33.3 million in the fourth quarter of 2009. Professional services and other revenue was $15.5 million for the fourth quarter of 2010, an increase of 170% compared to $5.7 million for the fourth quarter of 2009. 

“We are pleased with the Company’s performance in the fourth quarter, which was highlighted by revenue and profitability that were better than our expectations,” said Rudy Karsan, Chief Executive Officer of Kenexa. “The fourth quarter represented a strong close to a successful year for Kenexa. In the face of a challenging economic environment, we returned the Company’s total revenue to solid organic growth, expanded our market opportunity and value proposition with the acquisition of Salary.com, and increased investments in sales, marketing and R&D to position Kenexa for continued market share gains as the economic environment improves.“

Karsan added, “We are still early in the new year, but we are more optimistic about the economic environment and jobs market for 2011 as compared to our view in recent quarters. We believe Kenexa is well positioned to benefit from the increased level of investment in our business, and our optimism is reflected by the solid increase in our revenue growth outlook for 2011.” 

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles, fees related to our acquisitions and the purchase accounting adjustment to Salary.com’s deferred revenue, was $7.4 million for the three months ended December 31, 2010. This was above the Company’s guidance of $6.0 million to $6.9 million and represented an increase of 123% compared to non-GAAP income from operations of $3.3 million for the three months ended December 31, 2009. 

Non-GAAP net income available to common shareholders, which excludes the items listed above as well as the accretion of the noncontrolling interest in our variable interest entity, was $5.4 million for the three months ended December 31, 2010, compared to $2.9 million for the three months ended December 31, 2009. Non-GAAP net income available to common shareholders was $0.23 per diluted share for the quarter ended December 31, 2010, above the Company’s guidance of $0.19 to $0.22 and up 77% compared to $0.13 per diluted share in the fourth quarter of 2009.  

Kenexa’s loss from operations for the three months ended December 31, 2010, determined in accordance with GAAP, was $3.6 million, compared to income from operations of $0.8 million for the same period of 2009. GAAP net loss available to common shareholders was approximately $6.9 million, or loss of $0.30 per basic share for the three months ended December 31, 2010, compared to net income of $0.3 million, or $0.01 per diluted share, in the same period of 2009.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Kenexa had cash and cash equivalents of $52.5 million at December 31, 2010, a decrease from $90.4 million at the end of the prior quarter due to payments associated with the Salary.com acquisition. The Company generated cash from operations of $3.3 million during the fourth quarter of 2010 and $11.5 million excluding non-recurring payments and fees associated with the Salary.com acquisition. Deferred revenue was $76.1 million at December 31, 2010, an increase of 52% from December 31, 2009. 

Other Fourth Quarter and Recent Highlights  

  • More than 50 “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually).
  • The average annual revenue from the Company’s top 80 customers was greater than $1.2 million, an increase from the $1.0 million level in the fourth quarter of 2009.
  • Kenexa joined with General Information Services (GIS) and Sterling Infosystems, leading providers of background screening services, to provide full-service background screenings for Kenexa’s Integrated Talent Management solutions, including Kenexa 2x BrassRing™ and Kenexa 2x Recruit™.

 Full Year 2010 Financial Results

For the full year 2010, Kenexa reported total GAAP revenue of $196.3 million, with non-GAAP revenue of $199.4 million after eliminating the $3.1 million GAAP adjustment to Salary.com’s deferred revenue. Non-GAAP revenue increased 26% compared to $157.7 million for the full year 2009. Subscription revenue was $157.7 million and professional services revenue was $41.7 million for the full year 2010, compared to $133.9 million and $23.8 million, respectively, in the year ago period.  

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles, expenses related to our acquisitions and the deferred revenue write-down related to the Salary.com acquisition, was $17.7 million for the year ended December 31, 2010, representing a 9% non-GAAP operating margin and compared to $15.9 million in the year ended December 31, 2009. Non-GAAP net income was $14.4 million, or $0.62 per diluted share, for the year ended December 31, 2010, compared to $0.62 in the year ago period. 

Kenexa’s loss from operations for the full year 2010, determined in accordance with GAAP, was $0.3 million compared with a loss from operations of $29.0 million for 2009. GAAP net loss was $5.8 million or loss of $0.25 per basic share for the full year 2010, compared to a net loss of $31.1 million or a loss of $1.38 per basic share for the full year 2009. GAAP loss from operations, net loss and loss per share included the impact of a non-cash goodwill impairment charge of $33.3 million for the full year 2009.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Business Outlook

Based on information as of today, February 8, 2011, the Company is issuing financial guidance as follows: 

First Quarter 2011*: The Company expects GAAP revenue to be $57.0 million to $59.0 million. Excluding the GAAP adjustment to Salary.com’s deferred revenue, the Company expects non-GAAP revenue to be $60.0 million to $62.0 million, and non-GAAP operating income to be $4.4 million to $4.8 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 23.5 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.13 to $0.14. 

Full Year 2011*: The Company expects GAAP revenue to be $240 million to $248 million. Excluding the GAAP adjustment to Salary.com’s deferred revenue, the Company expects non-GAAP revenue to be $248 million to $256 million, and non-GAAP operating income to be $21.0 million to $27.0 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 24 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.62 to $0.82.

* Kenexa’s non-GAAP results will exclude stock based compensation expense, amortization of intangibles associated with acquisitions, fees related to closing the Salary.com acquisition and the purchase accounting reduction to Salary.com’s revenue.

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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KPMG Australia Partners With Kenexa to Enhance Business Success Through Human Resource Strategy…from Kenexa

February 8, 2011

 

Leading Professional Services Firm to Benefit From Proven Integrated Talent Management Solutions

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA – News), a global provider of business solutions for human resources, today announced that KPMG in Australia, one of the world’s leading professional services firms, has chosen to use Kenexa’s award-winning HR solutions to transform its talent management approach. The solution will include its global recruiting technology, Kenexa 2x BrassRing®. The Kenexa 2x BrassRing technology will enable KPMG in Australia to manage talent by improving recruitment, pre-hire assessment, on-boarding and succession planning capability.

“KPMG was looking for a system that could manage our talent recruitment process end to end, from application to the onboarding stage. Early testing showed that the Kenexa technology was adept at consolidating our processes,” said Jessica Harrison, KPMG. “Later down the track, we’d like to take it one step further and integrate the Kenexa technology into our succession planning strategy.”

With Kenexa 2x BrassRing, KPMG’s Australian firm will be able to create a strategic recruitment process that integrates all sources of talent and optimizes its workforce performance.

“Talent is the key differentiator in the marketplace and we take it very seriously. Our relationship with Kenexa will assist our strategy of being the best firm to work with and foster our talents’ development throughout their time at KPMG,” stated Harrison.

The Kenexa 2x Onboard™ solution, which provides a seamless bridge between the candidate experience and the employee experience, eliminates paper, cycle time and data-entry errors associated with new employee onboarding. The integrated HR solutions have been shown to reduce overall hiring costs and improve organizational performance.

Duke Daehling, EVP of Strategic Accounts at Kenexa, commented, “Ensuring that a high quality person is in the right position and has the right information to be effective at their job is a true science. For more than 20 years, we have made it our business to develop effective HR technology that enables companies to increase their performance and gain the competitive advantage. We are the only company that offers a comprehensive suite of unified products and services that support the entire employee lifecycle from pre-hire to exit. We are thrilled to welcome KPMG Australia to the Kenexa family of clients and to demonstrate to them our dedication to multiplying our clients’ successes.”

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Bon-Ton Stores Achieve Greater Sales Performance With Kenexa Custom Assessments…from Kenexa

February 2, 2011

 

Integrated Recruiting Technology Creates Seamless Hiring Process

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today announced that its custom and ready-to-use assessments have resulted in increased sales and improved employee retention for The Bon-Ton Stores, Inc. (NASDAQ: BONT), across its 277 U.S. department stores.

With cosmetics accounting for approximately 13% of Bon-Ton’s revenue and generating some of its highest store margins, Bon-Ton needed to improve the overall performance and sales of Bon-Ton new hires, particularly Cosmetic Beauty Associates (CBAs) and Sales Associates. Kenexa’s custom-built CBA Selector identifies the critical factors for success in the position and enables an improved screening process that helps Bon-Ton quickly select the most talented candidates.

“Since implementing the Kenexa assessments in February 2009, we have assessed 35,000 candidates and have hired 1,500 Cosmetic Beauty Associates. On average, associates scoring in the top 25% of the assessment achieved annual sales that were 3.3% higher than associates scoring in the bottom 25%,” stated Kaye Miller, director of Stores Recruitment for Bon-Ton. “What’s even more impressive is that on average, each associate hired using the CBA assessment in 2009 achieved 2.1% more in total sales per hour than associates in 2008 who had been hired without the CBA assessment. While at first glance a 2.1% difference may not seem like a lot, when you take into account the hours worked annually per associate and the number of hires we made in 2009 with the assessment, this number is truly remarkable.”

The Bon-Ton assessments are integrated with Kenexa 2x Recruit™, the solution that empowers recruiters to achieve optimal recruiting and hiring results. This allows for candidate assessments to happen within Bon-Ton’s workflow, eliminating the need to switch between applications. The integrated solutions provide Bon-Ton with cost-effective recruitment processes by tracking recruiting costs and time, as well as measuring individual performance scores, commission per hour and sales per hour.

Tiffany Green-Shortridge, Ph.D., Kenexa consultant, commented, “Our deep expertise in developing tailored assessments for a wide variety of industries enables us to deliver recruiting solutions that help our companies identify top talent and drive ongoing success. Bon-Ton now has hired a sales force that capitalizes on every opportunity and continues to deliver innovative sales practices. What’s more, Bon-Ton’s cosmetics sales force has experienced a lower turnover rate than the rest of the company, enhancing overall business productivity and performance.”

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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New Book Reveals Reasons Behind Record-Breaking Employee Dissatisfaction…from Kenexa

January 25, 2011

 

Data-Rich ‘We’ Calls for Deeper Engagement From Companies and Individuals

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today announced the publication of “We: How to Increase Performance and Profits Through Full Engagement.” Coauthored by Rudy Karsan, Cofounder, Chairman and CEO of Kenexa, and Kevin Kruse, CEO of Krū Research, the book was published in January 2011 by Wiley.

Karsan observed, “We live in a new era where work and life are blended as opposed to balanced, entitlements are a thing of the past, and job satisfaction is at a record low. This is a crisis for individuals because negative emotions at work spill over to our personal lives and cross over to those around us.”

For businesses, disengaged employees lead to lower levels of productivity and service and it’s been shown that companies with disengaged workers have five times lower shareholder returns than those companies with the most engaged workers. For individuals, research confirms that disengaged employees weigh five pounds more, have an elevated risk of heart attack, experience less marital intimacy and have children who are more likely to misbehave at school.

Based on vast global research and made accessible through anecdotes, interactive exercises, and online videos, Karsan and Kruse make their advice actionable for immediate personal and organizational growth. In “We: How to Increase Performance and Profits Through Full Engagement” Karsan and Kruse dig deep to reveal the nature of work in the modern organization and share secrets to achieving emotional buy-in and commitment at work. Based on findings from more than 10 million worker surveys annually and on their own experience as award-winning leaders of fast-growing companies, Karsan and Kruse highlight the three most common factors that drive engagement: 

  • Growth: We need to feel that we are advancing in our careers or are learning new things.
  • Recognition: We need to feel appreciated and believe that our ideas count.
  • Trust: We need to trust our senior leaders and feel confident about the future.

“Your kids, your spouse, your friends, your colleagues — all of us — we need you to find meaning and be engaged at work. If you’re a manager, we need you to be committed to the engagement and alignment of the workers on your team. We need each other to reach our shared goals. We need to harmonize our lives and our work,” said Karsan.

“If you think smoking kills, then you should know that having a bad job is just as lethal (literally) to both the employee and the company. What Rudy and Kevin understand is that both the employee and their leadership have dual roles in fixing this toxic situation — and they outline in detail the three drivers needed to create an engaged workplace, based on their experience and research from over 10 million people,” said Verne Harnish, CEO, Gazelles Inc. and author of “The Rockefeller Habits.”

“In my years as a business journalist I’ve interviewed, spent time with and learned from hundreds of executives. Rudy Karsan’s insights into career growth, employee engagement and leadership have stood out. This book is a must read,” stated Ali Velshi, CNN Anchor & Chief Business Correspondent.

The book is available in hardcover now through Amazon.com. The list price is $24.95; ISBN: 978-0-47076743-6.

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Kenexa Expands Leadership Team…from Kenexa

January 18, 2011

 

Key Promotions and New Hires Further Position Company for Continued Operational Strength and Market Growth

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced executive promotions and new hires that will support the organization’s strategic direction and client delivery services. 

Eric Lochner has been named to the newly created position of president, Global Talent Management. Lochner joined Kenexa in 2006 and, most recently, served as the company’s Chief Marketing Officer. From 2007-2009, he was managing director of Kenexa’s European, Middle Eastern and African operations. Earlier in his career, he led marketing for CareerBuilder.com and held marketing positions at Headhunter.net, Kuczamarski & Associates and InterCall. He holds an MBA from Northwestern’s Kellogg Graduate School of Management and a B.A. degree from John Carroll  University.                                                                                        

Assuming the position of chief marketing officer is Tim Geisert. Throughout his career, he has specialized in helping organizations define their internal cultures, maximize recruitment efforts and create effective sourcing strategies. Earlier in his career at Kenexa, Geisert served in the critical role of vice president of Employment Branding and Recruitment Process Outsourcing (RPO) business development. Before joining Kenexa in 2007 he held executive positions at Bailey Lauerman and The Martin Agency, supporting a wide range of global Fortune 100 organizations. He holds a degree from the University of Nebraska-Lincoln, where he has taught communications research and strategy courses as an adjunct professor. 

New to Kenexa is Jon Zvolanek as head of operations for Kenexa’s Survey business. Prior to joining Kenexa, Zvolanek was the senior vice president of Operations at National Research Corporation (NRC). He started his career with that company as director of Operations in 2000 and as department head managed all data collection activities, including the printing and mailing of more than 12 million surveys. In addition to his experience in print and mail, he has an extensive background in phone and Web data collection methodologies. He received his B.A. in Business Administration from Doane College. 

Dr. Courtney McCashland has joined Kenexa as president of the Global Assessment Division. Previously, she was the founder and CEO of TalentMine®, LLC, a global, performance-based talent assessment and development company. Prior to founding TalentMine, she served as a senior executive for the Gallup Organization, where she led Gallup’s early research on employee engagement. McCashland has also worked with Marcus Buckingham to present the research findings that are contained in his management best seller, First Break All the Rules, to develop the Strengths Engagement Track (SET) featured in Go Put Your Strengths to Work  and to design the StandOut Strengths Assessment to publish in Buckingham’s new release in October of 2011. She holds a bachelor’s degree in Marketing and Journalism and a master’s degree in Qualitative and Quantitative Research from University of Nebraska-Lincoln. She graduated summa cum laude with a Doctorate in Organizational Leadership from the University of Southern California. 

Kenexa CEO, Rudy Karsan, commented, “The appointment of Eric and Tim into their new roles and the addition of Jon and Courtney to our survey and assessments teams further strengthens Kenexa by putting the right people in the right jobs. We’re looking forward to their contributions to our company’s continued growth, operational efficiencies and ability to generate higher levels of client satisfaction.” 

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Yum! China Selects Kenexa to Support Recruiting Initiatives…from Kenexa

January 16, 2011

 

Existing Client Expands Relationship Globally, Adding Recruiting Technology to Multi-Rater Survey Services

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced that Yum! Brands Inc., China Division, a subsidiary of the NYSE listed Yum! Brands Inc., the largest restaurant group in China, has selected Kenexa 2x BrassRing™ and Kenexa’s related consulting services. YUM! Brands, Inc. operates as the largest quick-serve restaurant group in terms of restaurant units worldwide with approximately 37,000 restaurants in 110 countries and territories. The company’s brands include KFC, Pizza Hut, Taco Bell, Long John Silver’s and A&W All-American Food Restaurants. Yum! is ranked #216 on the Fortune 500 List, with nearly $11 billion in revenue in 2009.

Based in Shanghai, Yum! China is particularly unique in its size and escalating importance. Mainland China is Yum! Brands’ number one market for new company restaurant development worldwide. In 2009, Yum! China opened a record of 509 new restaurants. As of the end of December 2010, Yum! China has opened over 3,000 KFC restaurants, 500 Pizza Huts, over 100 Pizza Hut Delivery stores and 20 East Dawnings in more than 650 cities and towns.

Christabel Lo, Chief People Officer of Yum! Brands Inc., China Division, said, “KFC continues to be the number one quick-service restaurant brand and the fastest growing restaurant chain in mainland China. Pizza Hut is also the number one casual dining brand in China. We believe in our people, trust in their positive intentions and encourage their ideas. Working with Kenexa gives us the opportunity to source the right candidates for our management trainee, crew and professional job openings using the latest technology and best practices.”

Rudy Karsan, Kenexa’s CEO, commented, “Yum! has built a culture that’s filled with energy, opportunity and fun. Their rapid expansion in China is an exciting testimonial to their global appeal and Kenexa is honored to be supporting their growth with our 2x BrassRing solution.”

Karsan continued, “Kenexa has a long-standing relationship with Yum! Brands as we’ve helped to implement a 360-feedback survey to better understand the strengths of its workforce and communicate back to individuals about specific career development opportunities. Yum! is an excellent example of a Kenexa client that is leveraging the breadth of our integrated solutions.”

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Kenexa and General Information Services Join Forces to Provide Full-Service Background Screening, Ongoing Monitoring…from Kenexa

January 11, 2011

 

Integration of Screening Services Enables Improved Productivity, Cost Savings

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced that General Information Services, Inc. (GIS), a leading provider of background screening services, will begin providing full-service background screenings for Kenexa’s Integrated Talent Management (ITM) solutions.

GIS is one of Kenexa’s preferred background screening partners, and the two companies have seamlessly incorporated its solutions and industry-leading employment screening management technology into Kenexa 2x BrassRing™ andKenexa 2x Recruit™. Using a single login, Kenexa users can now access a system that creates increased productivity, greater cost savings and an improved candidate experience.

Derek Bluestone, vice president product marketing, Kenexa, commented, “Our partnership with GIS streamlines the talent management process by providing a single source access to candidate background information. Employment background checks are an integral part of a robust talent management strategy that ensures that the highest quality team is in place. Incorporating GIS’ background check solution into our 2x Integrated Talent Management solution helps Kenexa’s customers improve productivity, quality and customer satisfaction by identifying the best individuals for each job.”

David Bartley, executive vice president, GIS, added, “We pride ourselves on our deep industry expertise and our ability to forge the relationships necessary to stay abreast of legislative changes that impact hiring and recruitment programs across all industries. We are pleased to partner with Kenexa to develop a solution that will adapt to companies’ day-to-day recruitment screening and hiring needs.” 

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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Kenexa and Sterling Infosystems, Inc. Strengthen Relationship with Innovative End-to-End Recruitment & Background Screening Solution…from Kenexa

December 7, 2010

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Kenexa (NASDAQ: KNXA), a global leader in providing business solutions for human resources, today announced its newly enhanced integration with Sterling Infosystems, Inc., one of the premier providers of employment screening and occupational health services solutions. The partnership gives human resources professionals and global organizations the benefits of having more efficient integrated talent management and employment screening capabilities.

Sterling is one of Kenexa’s preferred background screening partners, and the two companies have seamlessly incorporated Sterling’s solutions and industry-leading employment screening management technology into Kenexa 2x BrassRing™ and Kenexa 2x Recruit™. Using a single login, Kenexa users can now access a system that creates increased productivity, greater cost savings and an improved candidate experience.

Derek Bluestone, vice president, product marketing, Kenexa, commented, “Our continued partnership with Sterling streamlines the talent management process by providing a single source access to candidate background information. Employment background checks are an integral part of a robust talent management strategy to ensure that the highest quality team is in place. Incorporating Sterling’s background check solution into our 2x Integrated Talent Management solution helps Kenexa’s customers improve productivity, quality and customer satisfaction by identifying the best individuals for each job.”

Human resources professionals will experience greater day-to-day efficiency with this integration. Features include the auto-population of data between the Kenexa and Sterling systems, eliminating data entry and potential for human error. Customers will have access to customized “Pass/Fail” adjudication management and completed background screening results within the Kenexa 2x Integrated Talent Management solution. Additionally, Sterling’s patented CourtDirect technology allows direct retrieval of primary source data in jurisdictions across the United States to ensure criminal background check results in record time.

Unique benefits from Sterling and Kenexa’s partnership include Sterling’s Electronic Wet Signature technology that allows candidates to use a computer mouse to provide an unique digital signature. Talent Management professionals also benefit from Sterling’s exceptional reporting capabilities.

“We are excited to extend our partnership with Kenexa by integrating to its newest platform,” said Richard Seldon, President of Sterling Infosystems. “We are pleased to work with a company that shares our commitment to continuous improvement of technology, systems and processes for our clients.”

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

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