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Kenexa announces acquisition

Kenexa announces acquisition of Centre for High Performance Development
Kenexa a leading provider of business solutions for human resources, today announced the acquisition of The Centre for High Performance Development (Holdings) Limited (CHPD). CHPDs extensive research on leadership development and training will add to Kenexas existing research and content portfolio. 
Founded in 1996 and with offices in London and New York, CHPD specialises in leadership development and management training. Kenexas acquisition of CHPD further expands the companys leadership development expertise by joining some of the most experienced consultants and researchers in the world and is expected to create one of the strongest leadership development, management training, diversity and inclusion, and executive coaching teams in the industry. Rudy Karsan, Kenexas Chief Executive Officer, said: Were delighted to welcome CHPD and its clients to the Kenexa family. CHPDs leadership model has been used by more than 100 organisations around the world and its database of more than 10,000 leadership profiles is recognised as one of the foremost benchmarking tools available today. The combination of Kenexa and CHPD will provide the most researched and proven leadership development content in the industry. CHPD is a valuable addition to the Kenexa family and our clients will benefit from its depth of offerings.
CHPDs clients will also benefit from Kenexas 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 CHPD and our clients, said Chris Parry, Chairman and Co-Founder of CHPD. Kenexas business solutions approach to human resources fits perfectly with CHPDs research-based solutions in leadership development, diversity & inclusion and executive coaching. The strength of our combined company broadens significantly the services we can offer to our clients. 
Financial details of the transaction were not disclosed. Kenexa does not expect the transaction to have a material impact on the companys non-GAAP net income. The company will provide guidance for the third quarter and full year 2010, which includes the anticipated contribution from CHPD, when it issues its financial results for the second quarter 2010.


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