Kenexa Releases the Industry’s first Social LMS, an Integral Part of Its Learning Suite…from Kenexa

September 5, 2012

 

Kenexa Learning Suite 3.0 provides social networking, collaboration and knowledge sharing capabilities as part of its new Social LMS

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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!

 

The Learning space is reinventing itself as formal training for the workforce moves toward collaborative, social-learning based solutions, according to a recent Bersin & Associates research report. Kenexa (NYSE: KNXA), a global provider of business solutions for human resources, today released the first and only Learning Suite that incorporates an enterprise-grade Social Learning Management System (LMS).

The LMS’s social features include complete networking, collaboration and knowledge sharing capabilities, as well as interactive elements that allow users to rate learning content and share their experiences with other users. Other components of the suite include a Learning Content Management System (LCMS) and Mobile Learning capabilities.

“Social Learning has been touted as contributing to as much as 80 percent of learning that takes place within an organization. Until now, organizations have not been able to initiate, leverage or participate in this component of learning,” said, Rudy Karsan, CEO and co-founder of Kenexa. “Our new Kenexa Learning Suite with a Social LMS fuses social capabilities with the formal learning process, adding networking, collaboration and knowledge sharing to the online formal learning process. This fusion helps employees perform better in their roles, and provides greater job satisfaction as well as better overall performance for the company.”

Kenexa LMS’s Social capabilities enhance the company’s overall Learning Suite, which was ranked as the best in the market by industry analyst Brandon Hall in December 2011. Brandon Hall conducted an unbiased evaluation of all the major Learning Suites on the market, ranking each on 57 unique criteria. Kenexa’s Learning Suite received the overall top score.

The Kenexa Learning Suite, with a Social LMS, includes several new features, including:

  • A student User Interface (UI) that manages all curriculum needs, both formal and informal.
  • A home page that provides a quick view of all courses, assignments, groups, workspaces and transcripts for the student and a search box for easy access to all learning content.
  • A Learn and Schedule page that provide access to all formal learning with a more detailed view of assignments, Instructor Lead Training (ILT), curricula, quick links to transcripts and access to course catalogues.
  • An Ask an Expert feature that allows users to ask questions and then automatically routes these to subject matter experts.
  • An Explore tab to provide access to all documents, files, expertise exchanges, postings, courses and training videos for both formal and informal learning content.
  • A Managers Only function that allows managers to get feedback and access to HR systems, and will automatically connect to other Kenexa-based solutions.

 

“Having looked at the way our employees learn on a daily basis—referring to existing materials and job-aids; relying on colleagues for answers; searching for a document online; providing feedback through discussions or email; and collaborating with peers,” said David Stachura, manager of global sales enablement at AMD, “we see a real advantage to the Kenexa Learning Suite 3.0. The new social features of the LMS will contribute to the overall learning process of our organization. It will allow our employees to benefit from both their formal learning experiences as well as the social aspect of networking, sharing knowledge and collaborating. This fusion of formal and social learning will benefit our organization by making answers more readily available to employees, allowing them to collaborate in a way that has become very familiar to them and allowing them to share knowledge, and have that knowledge captured for future learning. These advantages will help our teams leverage our shared organization knowledge and expertise to increase our overall productivity and enable us to be more responsive to our customers and partners.”

As an enterprise-grade solution, Kenexa’s Learning Suite 3.0 can now be used by organizations that are Fortune 1,000-sized companies (at least 10,000 employees).  With this solution, organizations can fully customize their learning solutions, set up multiple levels of review and approvals, support virtual classrooms through Adobe Connect Integration, enhance curriculum that is capable of including “super curriculums,” which are courses within curriculums, and improve access to various reports. This allows organizations to quickly educate their workforce in a cost-effective way that reduces time of delivery and time of completion.

“Today’s corporate learning organization is no longer just the source of training for the organization,” said David Mallon, vice president of research at Bersin & Associates. “It is also facilitator and enabler, connecting employees to the best content, expert or even peer to meet the learning need. Forward-thinking learning organizations, therefore, are rethinking their entire perspectives, processes and approaches to best support the natural flow of organizational knowledge—and they are looking for technology solutions that support a holistic approach to learning. Unfortunately, so far, most buyers have struggled to find what they need.  There remains significant skepticism as to whether the LMS, often unpopular for its typically learner-unfriendly experience with traditional learning, is the right answer.  And, while most LMS providers realize that their continued relevancy demands support for management of both formal and informal learning in all of their forms, few have delivered on the promise of true continuous learning support.”

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

 

To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) and Talent Management Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 15 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

 
Matt Lafata, HRchitect

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IBM to Acquire Kenexa To Bolster Social Business Initiatives…from IBM

August 27, 2012

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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!

 

IBM (NYSE: IBM) and Kenexa Corporation (NYSE: KNXA) today announced they have entered into a definitive agreement for IBM to acquire Kenexa, a publicly held company headquartered in Wayne, Pa., in a cash transaction at a price of $46 per share, or at a net price of approximately $1.3 billion.

 

The acquisition bolsters IBM’s leadership in helping clients embrace social business capabilities while gaining actionable insights from the enormous streams of information generated from social networks every day.

Kenexa, a leading provider of recruiting and talent management solutions, brings a unique combination of Cloud-based technology and consulting services that integrates both people and processes, providing solutions to engage a smarter, more effective workforce across their most critical business functions.

Kenexa complements IBM’s strategy of bringing relevant data and expertise into the hands of business leaders within every functional department, from sales and marketing to product development and human resources. As a result of this synergy, clients will be able to attract and develop the right skills to build the right teams, for the right projects, the first time.

The adoption of social business technology is supporting the growth of big data and the need for analytics in the enterprise. A recent global IBM study revealed that 57 percent of CEOs identified social business as a top priority and more than 73 percent are making significant investments to draw insights into available data.

The survey also reveals that 70 percent cite human capital as the single biggest contributor to sustained economic value. The combined strengths of IBM and Kenexa are key differentiators at a time when organizations of all sizes are looking to increase workforce efficiencies and gain more insight from their business information.

Social media has pervaded the lives of consumers, helping them connect with each other in new ways. However, a shift is occurring in the enterprise as business leaders look for ways to generate real value through the use of social technologies to evolve their front-line business operations. According to Forrester Research, the market opportunity for social enterprise apps is expected to grow at a rate of 61 percent through 2016.*

“Every company, across every business operation, is looking to tap into the power of social networking to transform the way they work, collaborate and out innovate their competitors,” said Alistair Rennie, general manager, social business, IBM. “IBM is uniquely positioned to help clients generate real returns from their social business investments, while helping them gain intelligence into the data being generated in these networks to be more competitive in their markets.”

“The customer is the big winner in all this because the combination of our two organizations will deliver more business outcomes than ever before,” said Rudy Karsan, chief executive officer, Kenexa. “Together, Kenexa and IBM will be unmatched in the industry, offering solutions that extend from strategy to the technology platform to the delivery of services for clients.”

Today, Kenexa supports more than 8,900 customers across a variety of industries, including financial services, pharmaceuticals, retail and consumer, including more than half of the Fortune 500.

With Kenexa’s world-class front-office process solutions, IBM will be able to offer strategic consulting, a social technology platform, and expertise on a global scale to help clients enable a smarter workforce and gain a competitive advantage in any market. By creating a smarter workforce, employees can resolve problems before they arise to improve customer service, drive innovation to bring products and services to market faster, and increase sales by building new skills — linking the right experts to the right clients.

The Kenexa acquisition will complement IBM’s social business and HR business servicesleadership. More than 60 percent of Fortune 100 companies have licensed IBM’s solutions for social business. Through its combination of social software, analytics, content management, and deep industry expertise, IBM is uniquely positioned to help organizations capture information, create insights and generate interactions that translate into real business value.

With operations in 21 countries worldwide, Kenexa has approximately 2,800 employees. Consistent with its strategy, IBM plans to continue to support Kenexa clients and enhance Kenexa technologies while allowing these organizations to take advantage of the broader IBM portfolio.

IBM expects the transaction to close in the fourth quarter of 2012, subject to Kenexa shareholder and regulatory approvals and the satisfaction of other customary closing conditions.

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

 

To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) and Talent Management Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 15 years in business working on over 2000 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

 
Matt Lafata, HRchitect

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Kenexa Announces Financial Results for First Quarter 2012…from Kenexa

May 1, 2012

 

  • Signed three new Fortune 50 customers to multi-product deals
  • 2012 revenue and non-GAAP profitability guidance increased

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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 (NYSE: KNXA), a global provider of business solutions for human resources, today announced operating results for the first quarter, ended March 31, 2012.

For the first quarter of 2012, Kenexa reported total GAAP revenue of $77.8 million. Non-GAAP revenue, which eliminates the GAAP adjustment to deferred revenue resulting from certain acquisitions, was $80.1 million for the first quarter of 2012, an increase of 27% compared to $63.0 million for the first quarter of 2011. Within total non-GAAP revenue, subscription revenue was $57.6 million for the first quarter of 2012, an increase of 17% compared with $49.2 million in the first quarter of 2011. Professional services and other revenue was $22.5 million for the first quarter of 2012, an increase of 63% compared to$13.8 million for the first quarter of 2011.

“We started 2012 on a strong note with both revenue and non-GAAP profitability exceeding our guidance. In addition to signing a multi-million dollar agreement with the UK’s Ministry of Defense, we added three new Fortune 50 customers during the first quarter. These wins further reinforce that Kenexa has the best-in-class, SaaS recruiting platform for large, global organizations, and they follow Kenexa winning the three largest talent management deal opportunities during 2011 that we are aware of,” said Rudy Karsan, Chief Executive Officer of Kenexa.

Karsan added, “We are optimistic about our outlook for the balance of 2012 and believe that Kenexa is well positioned to realize continued market share gains. We increasingly see HR organizations seeking a holistic solution to address their challenges, and Kenexa’s highly differentiated product offerings and unparalleled content and domain expertise are resonating in the market.”

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles, the purchase accounting impact of deferred revenue, and acquisition related fees, was $6.8 million for the three months ended March 31, 2012. This represented an 8.5% non-GAAP operating margin and an increase of 36% compared to non-GAAP income from operations of $5.0 million for the three months ended March 31, 2011.

Non-GAAP net income available to common shareholders, which excludes the items listed above and includes a tax adjustment on the non-GAAP items, was $5.4 million for the three months ended March 31, 2012, compared to $3.7 million for the three months endedMarch 31, 2011. Non-GAAP net income available to common shareholders was $0.19 per diluted share for the first quarter of 2012, above the Company’s guidance of $0.15 to $0.17and based on 28.1 million weighted average shares outstanding. Non-GAAP net income available to common shareholders was $0.15 per diluted share for the first quarter of 2011, based on 24.1 million weighted average shares outstanding.

Kenexa’s loss from operations for the three months ended March 31, 2012, determined in accordance with GAAP, was $3.0 million, compared to a loss from operations of $2.8 million for the same period of 2011. GAAP net loss allocable to common shareholders was approximately $2.5 million, or ($0.09) per basic and diluted shares for the three months ended March 31, 2012, compared to net loss of $3.2 million, or ($0.14) per basic and diluted share, in the same period of 2011.

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 $83.0 million at March 31, 2012, compared to $129.0 million at the end of the prior quarter. The decrease in cash was primarily the result of the $41.1 million paid for the acquisition of OutStart. The Company generated $1.7 million in cash from operations for the first quarter and used $7.1 million associated with capital expenditures and capitalized investments. Deferred revenue was$96.6 million at March 31, 2012, an increase of 18% from March 31, 2011.

Other First Quarter and Recent Highlights

Kenexa, in collaboration with Capita plc, signed a contract to work in partnership to deliver the Recruitment Partnering Project (RPP) for the United Kingdom’s Ministry of Defense. Kenexa is providing the recruitment technology and assessment solutions to Capita in delivery of this project, which is responsible for the entire process of attracting and recruiting soldiers and officers to the Regular and Territorial British Army.

More than 70 “preferred partner” customers were added during the first quarter (defined as customers that spend more than $50,000 annually), an increase from the over 50 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 $1.8 million in the first quarter of 2012, an increase from the over $1.4 million level in the first quarter of 2011.

Kenexa announced a partnership with Daesign, a specialist provider of games-based simulated environments and Autonomous Virtual Actors to develop talent attraction, assessment, development and engagement solutions for the marketplace.

Kenexa was chosen as a Top Recruitment Technology Provider, being honored at the Pentagon by the Military Spouse Corporate Career Network (MSCCN) for its partnership to provide a recruitment technology platform that helps veterans, their spouses and family members identify and obtain new employment.

Business Outlook

Based on information as of today, May 1, 2012, the Company is issuing financial guidance as follows:

Second Quarter 2012*: The Company expects GAAP revenue to be $84 million to $86 million. Excluding the GAAP adjustment to deferred revenue resulting from certain acquisitions, the Company expects non-GAAP revenue to be $86 million to $88 million, and non-GAAP operating income to be $8.3 million to $8.7 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.3 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.22 to $0.23.

Full Year 2012*: The Company expects GAAP revenue to be $348 million to $358 million. Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $355 million to $365 million, and non-GAAP operating income to be $37 million to $41 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.6 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.98 to $1.09.

The above 2012 guidance represents an increase from our prior guidance of non-GAAP revenue of $352 million to $362 million, non-GAAP operating income of $36 million to $40 million, and non-GAAP net income per diluted share of $0.95 to $1.07.

* Kenexa’s non-GAAP guidance excludes stock-based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s and OutStart’s revenue, and accretion associated with a variable interest entity.

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

To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HR systems strategic consulting.  As the premier Human Capital Management (HCM) and Talent Management Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 15 years in business working on over 1800 successful engagements for more than 800 clients across the globe, HRchitect is a name you can trust as your one-stop shop for all your HR technology consulting needs.

 

Matt Lafata, HRchitect

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2012 Kenexa World Conference Goes More Global with the Addition of Events on Two Different Continents…from Kenexa

April 10, 2012

 

HR Professionals and Senior Business Executives in Europe and Asia Will Gather to Learn About the Latest Workplace Issues and Trends

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

 

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 15 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 (NYSE:KNXA), a global provider of business solutions for human resources, today announced the expansion of its 2012 World Conference to include events in Europe and Asia to go along with its annual Kenexa World Conference held in North America.

Senior business executives and human resources professionals from around the world will gather in the United Kingdom on May 17 for Kenexa World Conference London. Then in the fall, Kenexa World Conference Shanghai will take on Sept. 20 in China. Kenexa World Conference Orlando will be held Oct. 17-18 at Disney’s Contemporary Resort in Lake Buena Vista, Fla.

“More and more, business is done on a global level, so taking the Kenexa World Conference to London and Shanghai allows more HR professionals an opportunity to discover new ways to enrich the lives of their employees,” said Rudy Karsan, chief executive officer of Kenexa. “Our desire is that everyone who attends our World Conferences regardless of location will come away with a memorable experience and to make connections with peers from around the world.”

Registration for Kenexa World Conference London is now open, and spots are filling fast. The conference will be held at the Grand Connaught Rooms, a premier meeting venue located in central London near Covent Garden.

Dame Kelly Holmes – a two-time Olympic gold medalist in the 800- and 1,500-meter run from Great Britain and founder of On Camp with Kelly, a mentoring and education initiative for junior runners – will deliver the keynote address at Kenexa World Conference London. Holmes will offer insight about what it takes to compete against the best.

Attendees of Kenexa World Conference London will be using Kenexa’s latest social and mobile software to power the conference’s online social network and provide real-time feedback and evaluations. Kenexa Participate is the latest social business software that will provide networking capabilities for all conference users. Conference organizers will use Kenexa Hot Lava Mobile to develop and deliver post-event evaluations to all attendees, and analyze results in real-time.

To register for Kenexa World Conference London, or to learn more about it, go to http://www.kenexaworldconference.com/. Details of Kenexa World Conference Shanghai and Kenexa World Conference Orlando will be posted on the Kenexa World Conference homepage as they are made available.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Kenexa Partners with Daesign to Enhance Business Solutions for Human Resources with Leading-Edge Video Gaming Technology…from Kenexa

March 21, 2012

 

Kenexa To Enhance Its Combination of Software, Content and Services with Daesign’s real-time 3D technology solutions to Improve Customer Business Results

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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 (NYSE: KNXA), a global provider of business solutions for human resources, recently announced a partnership with Daesign, a specialist provider of games-based simulated environments and Autonomous Virtual Actors (AVA©) to develop deeply engaging talent attraction, assessment, development and engagement solutions for the marketplace.

Daesign is at the forefront of developing interactive “serious games” for use by corporations, including the world’s largest serious games-based learning and development program for the global sales force at automobile manufacturer Renault, sales force assessment and development solutions for insurance giant AXA, management development solutions for energy industry leader Total, and employer branding and attraction solutions for Alcatel-Lucent.

Using a unique and proprietary AVA technology platform coupled with 3D animation production capability, Daesign’s solutions create visually rich and differentiating simulations of the workplace environment. This technology ensures engaging and immersive experiences for candidates and employees, from initial attraction through application, assessment and selection, development and succession. This in turn provides organizations with real competitive advantages in today’s highly competitive marketplace for talent.

Kenexa will combine its unique combination of software, content and services with Daesign’s innovative gaming technology to improve its customers’ performance. Kenexa helps organizations identify the right individuals and create the right environments to enhance the workplace experience for employees and employers.

“Bringing together our expertise in the field of human capital and Daesign’s award-winning solutions will result in business solutions that will enhance our customers’ business and enrich the lives of their employees,” said Rudy Karsan, CEO of Kenexa.

“Daesign’s video-gaming, artificial intelligence, graphical production capability and unique track-record, coupled with Kenexa’s broad range of HR expertise results in truly immersive and engaging user-experiences and unique differentiation for our customers,” said Damian Nolan, Daesign CEO.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 

Matt Lafata, HRchitect

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Kenexa to Support Recruitment into the Armed Forces…from Kenexa

March 18, 2012

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

 

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 15 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, in collaboration with Capita plc, announces today that it has signed a contract to work in partnership with the armed forces to deliver the Recruiting Partnering Project (RPP). The contract, valued at around £50m a year for 10 years, is expected to deliver benefits in excess of £300m to the armed forces and will release military recruiters back to the front line.

The project represents a major investment in the transformation of military recruiting.  While the Army retains ownership of recruitment policy, entry criteria and assessment standards, RPP will deliver the entire process for the attraction and recruitment of soldiers and officers to the Regular and Territorial Army. It will also provide a tri-service information and communications technology (ICT) platform to underpin recruitment for the Royal Navy, Army and Royal Air Force.

In one of the largest contracts of its kind in the industry, Kenexa will bring its commercially proven capabilities in assessment and recruitment technology to help attract and retain the highest quality recruits into the armed forces. Kenexa will design and deliver a new suite of psychometric, skills and situational judgment selection tests to better predict success in training across the wide range of jobs in the armed forces.  Kenexa will also provide the enabling technology to maximize the benefits of automated recruitment and selection technology and provide the necessary data to monitor and drive high performance.

Andrew Jackson, Managing Director of Kenexa, Government Solutions said: “With a choice of more than 220 different jobs in the Army alone, finding the right job is crucial. Our proven assessments will help the RPP to better predict success in training and throughout the chosen term careers of the Army’s future officers and soldiers. In addition, Kenexa’s applicant tracking technology will help Capita bring improved automation to the recruitment and selection processes of the Royal Navy, Army and Royal Air Force. Our company is thrilled to be part of a partnership that brings together the best of military and commercial expertise and will set new standards in the attraction, recruitment and selection of top quality servicemen and women.”

Rudy Karsan, Chairman and CEO of Kenexa, said:  “I am immensely proud that Kenexa has been selected to support Capita’s delivery of assessment and recruitment services to the UK Armed Forces.  It is the most important contract Kenexa has won to support the work of the government in the UK and further enhances Kenexa’s reputation in the Human Capital field.”

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 

Matt Lafata, HRchitect

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Kenexa Chosen by MSCCN as Top Recruitment Technology Provider…from Kenexa

February 29, 2012

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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 (NYSE: KNXA), a global provider of business solutions for human resources, was honored at the Pentagon by the Military Spouse Corporate Career Network (MSCCN) for its partnership to provide a recruitment technology platform that helps veterans, their spouses and family members identify and obtain new employment.

Since 2006, Kenexa has been supporting the MSCCN and the Direct Employers Association to provide military spouses access to more than 750,000 jobs per month from more than 600 Fortune 1000 corporations. MSCCN is a nonprofit organization focused on the provision of no-cost employment readiness, job training and placement assistance for military spouses, transitioning military, veterans, war wounded and caregivers of war wounded. MSCCN is the only nonprofit organization that works as an employment partner to the Armed Forces through Memoranda of Understanding (MOUs) from the Army, Navy, Marine Corps, Air Force, Coast Guard and military family centers on military installations throughout the world.

Kenexa donated its 2xBrassRing® applicant tracking system to MSCCN. This revolutionized military-affiliated employment by providing Kenexa’s superior technology to MSCCN. The MSCCN is the first organization to create and maintain a military employment infrastructure that includes a high-touch and personal career management program offered to military-affiliated applicants, at no cost, through programs designed to meet the needs of military job seekers.

“We are honored to receive this recognition for what is, in our view, a most honorable and worthwhile cause and one that Kenexa feels privileged to be associated with,” said Rudy Karsan, chief executive officer at Kenexa. “Giving back to the community is a significant aspect of Kenexa’s values and it is very gratifying to be able to provide assistance to an organization that helps military spouses, returning veterans and their family members find meaningful employment. We are proud that Kenexa was chosen as the top corporate sponsor to MSCCN and will continue to help the U.S. National Guard and MSCCN meet its mission in 2012.”

Kenexa recently signed an MOU with the National Guard to support its “Helping Our Heroes at Home” program. The goal is to improve the ability of serving members of the National Guard to find employment when they return from overseas deployments. The MOU was signed on behalf of Maj. Gen. Raymond W. Carpenter, commanding general of the National Guard Bureau, by Brig. Gen. William L. Stoppel, chief of staff of the Bureau, and Andrew Jackson, who represents Kenexa on MSCCN’s board of directors.

Adm. James Winnefeld, vice chairman of the Department of Defense Joint Chiefs of Staff; Maj. Gen. Kelly McKeague, assistant to the chairman of the Joint Chiefs of Staff for National Guard matters; Deb Kloeppel, president and founder of the MSCCN; and Stacy Bayton, executive director of MSCCN, were among those who attended the ceremony at the Pentagon.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Kenexa Announces Financial Results for Fourth Quarter and Full Year 2011…from Kenexa

February 8, 2012

 

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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 (NYSE: KNXA), a global provider of business solutions for human resources, this week announced operating results for the fourth quarter and for the year, ended December 31, 2011.

For the fourth quarter of 2011, Kenexa reported total GAAP revenue of $78.2 million. Non-GAAP revenue, which eliminates the GAAP adjustment to deferred revenue resulting from the October 2010 acquisition of Salary.com, Inc., was $79.6 million for the fourth quarter of 2011, an increase of 24% compared to $64.1 million for the fourth quarter of 2010. Within total non-GAAP revenue, subscription revenue was $56.0 million for the fourth quarter of 2011, an increase of 15% compared with $48.6 million in the fourth quarter of 2010. Professional services and other revenue was $23.5 million for the fourth quarter of 2011, an increase of 52% compared to $15.5 million for the fourth quarter of 2010.

“Our fourth quarter results were above our expectations and represented a strong finish to a record year for Kenexa. The company’s market share gains are being driven by our end-to-end business model, which enables HR organizations to serve as a strategic function that drives business value,” said Rudy Karsan, Chief Executive Officer of Kenexa. “Uncertainty regarding the global economy remains at a very high level, however, we have continued to experience solid global demand for our solutions. As we look ahead, we are cautiously optimistic regarding Kenexa’s outlook for 2012. We expect our differentiated offering to drive continued market share gains, and we are targeting modest non-GAAP operating margin expansion as we continue to invest in proven growth strategies.”

Karsan added, “Our acquisition of OutStart, announced separately today, provides Kenexa with a next generation e-learning solution. We believe that Kenexa is the only vendor capable of meeting growing demand for an end-to-end, integrated talent management solution that includes e-learning along with recruiting, performance management, compensation management, proprietary content and services expertise to help implement best practices.”

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles, the purchase accounting impact to Salary.com’s deferred revenue, acquisition related fees, and a gain related to an asset sale, was $9.9 million for the three months ended December 31, 2011. This represented a 12.4% non-GAAP operating margin and an increase of 35% compared to non-GAAP income from operations of $7.4 million for the three months ended December 31, 2010.

Non-GAAP net income available to common shareholders, which excludes the items listed above and accretion associated with a variable interest entity and a non-GAAP tax adjustment was $7.5 million for the three months ended December 31, 2011, compared to $5.4 million for the three months ended December 30, 2010. Non-GAAP net income available to common shareholders was $0.27 per diluted share for the fourth quarter of 2011, above the Company’s guidance of $0.25 to $0.26 and based on 27.9 million weighted average shares outstanding. Non-GAAP net income available to common shareholders was $0.23 per diluted share for the fourth quarter of 2010, based on 23.7 million weighted average shares outstanding.

Kenexa’s income from operations for the three months ended December 31, 2011, determined in accordance with GAAP, was $2.9 million, compared to a loss from operations of $3.6 million for the same period of 2010. GAAP net income available to common shareholders was approximately $0.6 million, or $0.02 per diluted shares for the three months ended December 31, 2011, compared to net loss of $6.9 million, or ($0.30) 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 $129.0 million at December 31, 2011, an increase from $124.9 million at the end of the prior quarter. The Company generated $23.9 million in cash from operations for the fourth quarter, which was partially offset primarily by $11.0 million used for acquisitions and $5.5 million associated with capital expenditures and capitalized investments.

Deferred revenue was $88.8 million at December 31, 2011, an increase of 17% from December 31, 2010.

Other Fourth Quarter and Recent Highlights

  • This week announced and closed the acquisition OutStart, a leading innovator in the learning management industry. The company delivers a portfolio of inter-related mobile, social and learning knowledge solutions and has been recognized as a visionary in Gartner’s Magic Quadrant for the last 7 years, in addition to winning a wide range of awards for having the top learning portal in the industry. Using cash on hand, Kenexa paid $38.9 million, subject to working capital and other adjustments described in the Merger Agreement.
  • More than 70 “preferred partner” customers were added during the fourth quarter (defined as customers that spend more than $50,000 annually), an increase from the over 50 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 $1.6 million in the fourth quarter of 2011, an increase from the over $1.2 million level in the fourth quarter of 2010.
  • During the fourth quarter, announced the acquisition of Batrus Hollweg (BHI). BHI’s wealth of research and content regarding talent best practice, as well as their assessment solutions, are recognized as some of the top notch content and solutions in our industry today. The combination of Kenexa and BHI provides the most researched and proven talent solutions content, particularly in the hospitality industry.
  • Announced details of its alliance with LinkedIn, including integrations with LinkedIn to support candidates throughout the job application process and enable recruiters to work faster, smarter and more effectively in managing these candidates. Kenexa is committed to accelerating the benefits of social recruiting for our global clients, and the new tools for LinkedIn are being incorporated into future product releases from Kenexa.
  • Transferred the listing of its common stock to the New York Stock Exchange (“NYSE”) effective November 9, 2011. Kenexa continues to trade under the “KNXA” ticker symbol.

Full Year 2011 Financial Results

For the full year 2011, Kenexa reported total GAAP revenue of $282.9 million, with non-GAAP revenue of $291.1 million, an increase of 46% compared to non-GAAP revenue of $199.4 million for the full year 2010. Non-GAAP subscription revenue was $212.4 million and professional services revenue was $78.7 million for the full year 2011, compared to $157.8 million and $41.7 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, a benefit related to a legal settlement, the deferred revenue write-down related to the Salary.com acquisition, a gain related to an asset sale and non-recurring litigation charges was $29.6 million for the year ended December 31, 2011, representing a 10.2% non-GAAP operating margin and an increase of 68% compared to $17.6 million in the year ended December 31, 2010. Non-GAAP net income available to common shareholders, which excludes the items listed above and accretion associated with a variable interest entity and a non-GAAP tax adjustment, was $22.2 million, or $0.84 per diluted share, for the year ended December 31, 2011, an increase of 35% compared to $0.62 in the year ago period.

Kenexa’s income from operations for the full year 2011, determined in accordance with GAAP, was $1.9 million, compared with a loss from operations of $0.3 million for 2010. GAAP net loss allocable to common shareholders’ was $7.3 million or loss of ($0.28) per diluted and basic share for the full year 2011, compared to a net loss allocable to common shareholders’ of $5.8 million or a loss of ($0.25) per diluted and basic share for the full year 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.”

Business Outlook

Based on information as of today, February 6, 2012, the Company is issuing financial guidance as follows:

First Quarter 2012*: The Company expects GAAP revenue to be $75.8 million to $76.8 million. Excluding the GAAP adjustment to deferred revenue, resulting from the Salary.com and OutStart acquisitions, the Company expects non-GAAP revenue to be $78 million to $79 million, and non-GAAP operating income to be $6.1 million to $6.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.15 to $0.17.

First quarter guidance assumes that the OutStart acquisition contributes approximately $1 million to GAAP revenue, $2 million to non-GAAP revenue and has no material impact on non-GAAP operating income.

Full Year 2012*: The Company expects GAAP revenue to be $344 million to $354 million. Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $352 million to $362 million, and non-GAAP operating income to be $36 million to $40 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.6 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.95 to $1.07.

Full year 2012 guidance assumes that the OutStart acquisition contributes approximately $13.5 million to GAAP revenue, $17 million to non-GAAP revenue and $1.5 million to $2.0 million to non-GAAP operating income.

* Kenexa’s non-GAAP guidance excludes stock-based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s and OutStart’s revenue, and accretion associated with a variable interest entity.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Kenexa Expands Leadership Team with the Appointment of Goldschmidt to Chief Customer Officer…from Kenexa

February 4, 2012

 

New Role Strengthens Kenexa as a Leader in Customer Service Excellence

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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 15 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 (NYSE: KNXA), a global provider of business solutions for human resources, today announced that Andrew Goldschmidt has been named chief customer officer. By promoting Goldschmidt to CCO, Kenexa solidifies its commitment to providing outstanding customer service to its clients.

In his new role, Goldschmidt will oversee customer experience, retention and overall satisfaction for Kenexa’s roster of clients, which includes many Fortune 500 companies.

Since 2008, Goldschmidt has led Client Services for Kenexa’s Recruitment Process Outsourcing business unit. He was responsible for managing customer satisfaction, cross-selling services, account growth and renewals.

“Andrew has proven to be a true leader who focuses his talents on helping clients improve their businesses,” said Rudy Karsan, chief executive officer at Kenexa. “Since Andrew has been a part of the RPO leadership team, the division has grown in size, expanded its range of scope and services and, most significantly, grown in stature within our industry.”

Goldschmidt joined Kenexa in 1996 and worked with the organization’s insurance and financial services sector. He also served as a program director for Kenexa’s earliest RPO clients, including Corning, Pfizer and Rohm & Haas.

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

To learn more about HRchitect’s expertise in HR technology strategy, selection and implementation services, and how HRchitect can help your organization, please visit www.HRchitect.com

 
Matt Lafata, HRchitect

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Kenexa Announces Partnership with Eli Lilly and Company to Enhance Global Recruitment Services…from Kenexa

November 16, 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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 (NYSE: KNXA), a global provider of business solutions for human resources, today announced that Eli Lilly and Company (NYSE:LLY), the 10th largest pharmaceutical company in the world, will be using Kenexa’s global recruitment process outsourcing (RPO) services in some of the major markets where Lilly conducts business globally. The five year engagement represents Kenexa’s largest global RPO partnership, and also includes Kenexa’s award-winning onboarding, recruiting, assessment, and survey solutions and employment branding.

In making its decision, Lilly sought to consolidate many of its global recruitment processes with an experienced pharmaceutical expert such as Kenexa, in order to increase efficiencies in the end-to-end recruiting process. Lilly and Kenexa share a strong presence in several global growth markets which further established synergies between the companies.

Rudy Karsan, CEO of Kenexa, commented, “Improving outcomes, enriching lives is the mantra of Kenexa’s relationship with Lilly. Kenexa is proud to be an integral part of Lilly’s global recruiting program.”

“Our selection process was rigorous and Kenexa met our expectations by showcasing their global RPO services capabilities and providing access to their centers of excellence in Asia, Europe, and the Americas,” said Nancy Lange, senior director for Global Recruiting and Staffing for Lilly.  “The company demonstrated their strengths in integrating services, technology, and relevant content.”

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

 
Matt Lafata, HRchitect

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Kenexa Announces Acquisition of Batrus Hollweg…from Kenexa

November 14, 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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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® (NYSE: KNXA), a leading provider of business solutions for human resources, today announced the acquisition of Batrus Hollweg (BHI). BHI’s talent management solutions, particularly in the hospitality sector, along with their extensive research on talent management best practices, will add to the company’s existing research and content portfolio.

Founded in 1969 in Frisco, Texas, BHI specializes in talent management solutions that help organizations maximize success through their people. The acquisition of BHI further expands Kenexa’s talent management expertise by adding some of the most experienced consultants and researchers in the category, creating one of the strongest talent solutions teams in the industry.

Rudy Karsan, Kenexa’s Chief Executive Officer, said, “We’re delighted to welcome BHI and their clients to the Kenexa family. BHI’s wealth of research and content regarding talent best practice, as well as their assessment solutions, are recognized as some of the top notch content and solutions in our industry today. The combination of Kenexa and BHI will provide the most researched and proven talent solutions content, particularly in the hospitality industry. BHI is a valuable addition to the Kenexa family and our clients will benefit from the strength of its offerings.”

BHI’s clients will also benefit from Kenexa’s award-winning technology offerings and comprehensive solutions for employment branding, recruitment technology, employee assessment, recruitment process outsourcing, performance management, employee surveys and HR analytics.

“Joining with Kenexa is an exciting opportunity for BHI and our clients,” said Lewis Hollweg, President, Chief Executive Officer and Chairman of BHI. “Kenexa’s business solutions approach to human resources fits perfectly with BHI’s consulting and assessment offering. The strength of our combined company broadens significantly the services we can offer to our clients.”

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

 
Matt Lafata, HRchitect

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Kenexa Announces Financial Results for Third Quarter 2011…from Kenexa

November 1, 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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 operating results for the third quarter, ended September 30, 2011.

For the third quarter of 2011, Kenexa reported total GAAP revenue of $75.7 million, with non-GAAP revenue of $77.2 million after eliminating the $1.5 million GAAP adjustment to deferred revenue resulting from the October 2010 acquisition of Salary.com, Inc.  Non-GAAP revenue was $50.8 million for the third quarter of 2010.  Within total non-GAAP revenue, subscription revenue was $55.0 million for the third quarter of 2011, an increase of 38% compared with $39.8 million in the third quarter of 2010.  Professional services and other revenue was $22.2 million for the third quarter of 2011, an increase of 102% compared to $11.0 million for the third quarter of 2010.

“Our third quarter financial results were above our expectations and reflect the building momentum of Kenexa’s unique value proposition in the market place.  The combination of our software and content continue to drive the majority of our revenue, while our RPO business experienced a record quarterly performance and included the two largest customer wins in the history of our company,” said Rudy Karsan, Chief Executive Officer of Kenexa.  “While we continue to watch the global economy carefully, our confidence regarding Kenexa’s long-term market position has never been greater and we are increasing our 2011 outlook based on our strong third quarter performance and continued market share gains.”

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles and the purchase accounting impact to Salary.com’s deferred revenue, was $8.3 million for the three months ended September 30, 2011.  This was above the Company’s guidance of $7.1 million to $7.5 million and represented an increase of 98% compared to non-GAAP income from operations of $4.2 million for the three months ended September 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 $6.3 million for the three months ended September 30, 2011, compared to $3.7 million for the three months ended September 30, 2010.  Non-GAAP net income available to common shareholders was $0.23 per diluted share for the quarter ended September 30, 2011, up 44% compared to $0.16 per diluted share in the third quarter of 2010.  Non-GAAP net income per diluted share for the third quarter of 2011 was $0.03 above the high-end of the Company’s guidance of $0.19 to $0.20.

Kenexa’s income from operations for the three months ended September 30, 2011, determined in accordance with GAAP, was $1.3 million, compared to income from operations of $1.5 million for the same period of 2010. GAAP net loss available to common shareholders was approximately $3.1 million, or a loss of $0.12 per basic and diluted shares for the three months ended September 30, 2011, compared to net income of $0.2 million, or $0.01 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 $124.9 million at September 30, 2011, compared to $127.5 million at the end of the prior quarter.  The decrease in cash was primarily related to $4.2 million used to pay down long-term debt and $1.8 million used to settle legacy shareholder lawsuits for Salary.com.  The Company also generated $10.9 million in cash from operations for the third quarter.

Deferred revenue was $87.3 million at September 30, 2011, an increase of 49% from September 30, 2010 and up from $84.9 million at the end of the second quarter of 2011.

Other Third Quarter and Recent Highlights

• More than 60 “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually), an increase from the over 40 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 $1.6 million, an increase from the over $1.2 million level in the third quarter of 2010.
• Announced the launch of Kenexa 2x Perform™, which offers integrated, enterprise-class performance management, succession and compensation planning tools to drive organizational alignment and ensure top performers are retained and engaged.
• Announced an alliance with SkillSoft, a leading SaaS provider of e-learning content, technology and services, to integrate and market Kenexa’s Global Talent Management solutions with SkillSoft’s learning content and platform technology.

Business Outlook

Based on information as of today, November 1, 2011, the Company is issuing financial guidance as follows:

Fourth Quarter 2011*: The Company expects GAAP revenue to be $74.7 million to $76.7 million.  Excluding the GAAP adjustment to deferred revenue, resulting from the Salary.com acquisition, the Company expects non-GAAP revenue to be $76.0 million to $78.0 million, and non-GAAP operating income to be $9.2 million to $9.6 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 $0.25 to $0.26.

Full Year 2011*: The Company expects GAAP revenue to be $279.4 million to $281.4 million.  Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $287.4 million to $289.4 million, and non-GAAP operating income to be $28.9 million to $29.3 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 $0.81 to $0.82.

* Kenexa’s non-GAAP results  exclude 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 to Transfer to the New York Stock Exchange…from Kenexa

October 30, 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 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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 it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on November 9, 2011, under its current ticker symbol “KNXA”. The company will continue to trade on the NASDAQ until the transfer is completed.

Rudy Karsan, CEO of Kenexa, commented, “Many of our clients are NYSE-listed multinational organizations. With our move to the New York Stock Exchange, we’re proud to take a position among them.”

“We welcome Kenexa’s decision to join NYSE Euronext’s growing community of listed companies,” said Scott Cutler, EVP and Head of Listings, Americas, NYSE Euronext. “Kenexa is a leader and innovator in enabling organizations to optimize their workforces through integrated talent acquisition and talent management solutions, and we look forward to being a valued partner in the company’s future growth by providing the highest quality markets and services.”

In celebration of the transfer, representatives from Kenexa will ring the NYSE Opening Bell at 9:30 a.m. ET on November 9, 2011.

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

 
Matt Lafata, HRchitect

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HireVue and Kenexa Team to Offer Integrated Recruiting and Interview Management…from HireVue

October 10, 2011

 

Details Available during This Week’s Kenexa World Conference

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!

 

HireVue, providers of an amazing new way to interview – on demand, today announced that they have partnered with Kenexa, a global provider of business solutions for human resources, to provide mutual customers with a pre-integrated interview and recruiting management solution.

Under the new partnership, HireVue’s Digital Interview Platform™ and On Demand Digital Interviews™ will be pre-integrated with Kenexa 2x BrassRing™ to provide recruiters with single sign-on access to both platforms. Scheduled for release this November, the solutions will directly synchronize to streamline processes and reduce administration. For example, candidate information added to one platform will automatically populate to other portions of the combined solution. Recruiters will also be able to order HireVue’s breakthrough On Demand Digital Interviews directly from Kenexa 2x BrassRing and, once completed, a link to the interview will be stored to the candidate’s profile.

“Our customers are always seeking ways to gain a competitive edge when recruiting. HireVue’s On Demand Digital Interviews save recruiters countless hours and dollars previously spent interviewing candidates that are not the right fit for an organization,” noted Rudy Karsan, CEO of Kenexa. “We’re thrilled to add value to our customers’ investments by integrating with HireVue’s Digital Interview Platform. Regardless of the interview method, recruiters will have strategic control over the entire interview process – from scheduling screenings to making hiring decisions.”

Mark Newman, CEO of HireVue, added, “Kenexa shares our mission to change the way companies find, identify and interact with candidates. Its industry-leading solution delivers a unified talent record across the employment lifecycle, linking recruitment, outsourcing, performance management and mobility on one technology platform. Now hiring companies can combine the power of HireVue and have the insight provided by Kenexa 2x BrassRing at their fingertips.”

“Recruiting is as challenging today as it ever has been.  What has changed is how much more we leverage technology to find the best-fit candidates,” said Mike Grennier, senior director, Corporate Recruiting, Walmart. “I’m excited that HireVue and Kenexa’s platforms will be talking to each other to help us source and evaluate candidates more effectively.”

Attendees of this week’s 2011 Kenexa World Conference can learn more about the partnership and integration, or test drive HireVue’s Digital Interview Platform, by visiting with HireVue during the conference.  “The Conference of Grown-up Dreams” will take place Tuesday, October 11 and Wednesday, October 12 at Walt Disney’s Yacht and Beach Club Resort in Lake Buena Vista, Fla.

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

 

 

Matt Lafata, HRchitect

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C&S Wholesale Grocers Partners With Kenexa to Improve Recruiting Processes…from Kenexa

September 16, 2011

Company Cites Innovative, Interactive Solution as Primary Reason for Selection

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 C&S Wholesale Grocers, Inc., the largest food wholesaler in the U.S. with approximately 17,000 employees, has selected Kenexa Simulations to engage candidates through interactive web-based job simulations.

Serving approximately 4,600 stores from more than 60 warehouses in 11 states, C&S is responsible for distributing food to supermarkets, retail stores and military bases across the country. The company will utilize Kenexa Simulations during the recruitment process to identify the candidates who are most likely to be successful within C&S and in a specific role. The interactive solution will integrate with C&S’s existing Applicant Tracking System to create a seamless candidate experience.

“Many of our candidates have grown up in the era of Smartphones, iPads and video games, and they expect a certain level of interactivity during the recruitment process. The Kenexa Simulation offers a unique virtual experience that is not only easy to use and engaging but will also provide a realistic job preview,” commented John Leech, Senior Director, Field Talent Management, C&S. “When we were looking for a partner to create this one-of-a-kind solution to help us attract and retain the best talent, we looked to Kenexa because of their industry recognition and know how.”

“Kenexa administers about 21 million assessments each year in multiple languages and countries, which demonstrates our ability to deliver on the science of predicting individual performance and potential. For example, our assessments have enabled clients to experience dramatic improvements in absenteeism and turnover rates, as well as increases in productivity, customer satisfaction and profitability. We are pleased that C&S chose us as a partner, and we look forward to helping them select and retain top performers for their warehouse positions,” stated Rudy Karsan, Kenexa’s Chief Executive Officer.

Kenexa Simulations deliver accurate job previews and ensure candidates thoroughly understand the demands of a particular role, leading to a better candidate fit. As a result, companies are able to drive high performance within the organization while reducing the overall cost of hire. The simulations engage candidates in a virtual environment that can help identify the most talented employees.

C&S will deliver a presentation with Kenexa about the value of simulations as recruiting tools at Kenexa’s upcoming 2011 World Conference, which will be held at the Walt Disney World Resort in Orlando, Fla., on October 11 and 12, 2011.

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

Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , | Permalink
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