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

 

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