IBM Talent Acquisition Platform (i.e. Kenexa) sold
IBM Talent Acquisition Platform (i.e. Kenexa) sold
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Tom Paine
Rockville, MD-based Infinite Computer Solutions says it has acquired IBM’s Talent Acquisition Suite SaaS Products, including BrassRing. The product group contains most of what appears to have been Kenexa, the Wayne-based company founded by Rudy Karsan that was acquired by IBM in 2012 for $1.3 billion. Terms of the deal were not disclosed.
“BrassRing supports more than 20 languages and provides candidate lifecycle management and employee onboarding for more than 240 customers, many of whom appear on the Fortune 500.”, according to an ICS press release.
“As part of the transaction, Infinite will work closely with IBM to transition identified employees”.
Karsan is now managing partner, Karlani Capital, a Wayne investment firm. Its portfolio includes Phenom People, and it had a past stake in FanDuel. Here’s an interview he gave to the Inquirer in 2016.
BrassRing has been considered a best-in-breed SaaS recruiting product. But I have little knowledge of how its progressed under IBM, which in its past often chewed up and spit out software acquisitions. Kenexa was married with the Watson AI brand at one point.
From the Washington Business Journal:
A spokesperson for Infinite confirmed in an email the company would onboard “200 employees who are subject matter experts in talent acquisition, client success managers and engineers who are technically competent in cloud and [software-as-a-service] product engineering and operations,” following the closure of the acquisition, which is expected to occur within the next 90 days.
AuthorphillytechnewsPosted onApril 27, 2021Edit"IBM Talent Acquisition Platform (i.e. Kenexa) sold"