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Kenexa, the provider of business solutions for human resources, has announced the acquisition of The Centre for High Performance Development (Holdings) Limited (CHPD). CHPD's extensive research on leadership development and training will add to Kenexa's existing research and content portfolio.
Founded in 1996 and with offices in London and New York, CHPD specialises in leadership development and management training. Kenexa's acquisition of CHPD further expands the company's leadership development expertise.
Rudy Karsan, Kenexa's Chief Executive Officer, said, "We're delighted to welcome CHPD and its clients to the Kenexa family. CHPD's leadership model has been used by more than 100 organizations around the world and its database of more than 10,000 leadership profiles is recognized 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."
CHPD's clients will also benefit from Kenexa's technology offerings and comprehensive solutions for employment branding, recruitment technology, employee assessment, recruitment process outsourcing, performance management, employee surveys and HR analytics.
Financial details of the transaction were not disclosed. Kenexa does not expect the transaction to have a material impact on the company's 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.