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Kenexa (KNXA:NSQ), the global provider of business solutions for human resources, has announced the acquisition of The Ashbourne Group, the supplier of HR and occupational psychology services to businesses in the U.K. and Ireland.
The Ashbourne Group focuses on the U.K. public sector and has designed and delivered a wide range of behavioural assessment, learning and development products based on government competencies and performance standards.
Currently, The Ashbourne Group holds contracts with the Central Government Procurement Service for the design and delivery of assessment, recruitment, learning, organisational development and leadership interventions.
The U.K. public sector is experiencing unprecedented pressure for change as it tackles the challenge of continuing to deliver improving public services while under significant pressure to reduce public expenditure in line with the governments' deficit reduction programme.
Andrew Jackson, Head of Kenexa, commented "the pressure on the public sector to improve efficiencies in a cost effective manner is leading to a centralised procurement model. Global vendors such as Kenexa add greater value under this model as we have the bench strength and full range of technology, content and services needed to compete and execute effectively. We believe the combination of The Ashbourne Group's offerings and public sector reputation with our innovation and proven solutions will offer new solutions for the public sector and help further solidify Kenexa as a preferred supplier to the U.K. government."
"Ashbourne has a strong track record within the public sector and is already accredited by the Government Procurement Service to supply its services across the public sector. The Cabinet Office, Ministry of Justice and HMRC are examples of their central government clients. Together, Kenexa and The Ashbourne Group look forward to helping public sector organisations rise to the significant challenges they currently face."
The Ashbourne Group's company Founder, Trevor Pons, said "we're delighted to become part of the Kenexa organisation as the company has an excellent reputation as an industry leader. We're confident that our customers will benefit from the combined synergies of our companies."
Deal metrics were not made available.
At the end of play in New York yesterday, Kenexa's shares were down by -6.98% to US$24.18