Kenexa Portrays HCM Market as 'Main Artery of Business' Analysts Estimate Human Capital Management Market to Reach $10 Billion by 2003

Apr 16, 2001, 01:00 ET from Kenexa Corporation

    WAYNE, Pa., April 16 /PRNewswire/ -- According to a recent report from the
 Boston-based Aberdeen Group, a leading market analysis and positioning
 services firm, the Human Capital Management (HCM) market will grow from
 $120 million this year to reach $10 billion by 2003.  The HCM marketplace
 includes employment-related functions such as recruiting, compensation,
 training and retention.
     The recent shift in economic markets has accentuated the need for HR
 managers to protect and enhance their workforces because it is this corporate
 asset that most directly influences an enterprise's overall success.  In fact,
 nearly three-quarters of a company's expenditures are devoted to its people.
 This is the major reason why businesses such as Kenexa Corporation, a provider
 of consulting services and HCM solutions, are experiencing phenomenal growth.
     "The HCM space is the main artery of business.  All actions and
 productivity flow from the successful process of managing human capital:
 Hiring, training and retaining the best people," said Rudy Karsan, CEO of
 Kenexa.  "Kenexa has raised more than $64 million over the past 18 months
 because our investors have also realized the great demand for streamlining the
 way businesses manage their people."
     The Aberdeen report, titled, "Human Capital Management:  A Guide to the
 Market and Software Solutions," also describes the real, economic value of
 "people assets," stating that efficiently managed employees can increase a
 company's value by up to 30 percent.  It further encourages businesses to
 implement HCM solutions, specifically to hire, train and retain talent.
     However, according to the report, it is not only the HCM product solutions
 that help to drive efficiencies.
     "It also takes a dedicated team of skilled professionals to understand and
 integrate these solutions within an enterprise," said Karsan.  "This is the
 founding reason behind Kenexa's commitment to providing a complete offering of
 both products and services."
     Kenexa Corporation integrates HCM consulting expertise with a portfolio of
 proprietary software and technology ingenuity to deliver a full compliment of
 proven business solutions to mid- and large-sized companies.
     Kenexa's Human Capital Group provides powerful, Web-enabled HCM offerings,
 including talent acquisition services, training consulting and design &
 analysis of employee surveys.  Its Technology Solutions Group provides
 integrated technology solutions and maintains strategic alliances with
 companies such as Oracle(R) Corporation, Microsoft(R) Corp. and Siebel
 Systems, Inc.
 
     About Kenexa
     Kenexa is a leading provider of human capital management and technology
 solutions.  Kenexa offers a fully integrated, end-to-end solution for hiring,
 training, and retaining the best corporate talent.  The Kenexa Portfolio
 Software products address all phases of the employment of corporate
 professionals.  Kenexa Portfolio Software products, combined with Kenexa
 services, provide companies with solutions for finding then maximizing the
 performance of and retention of the best employees.
     The Kenexa Technology Solutions Group is a team of management consulting
 and technology professionals devoted to helping its customers use technology
 to achieve its business objectives.  Kenexa's technology experts provide the
 complete set of tools and knowledge to maximize the productivity and
 performance of your business.  As an authorized business partner of Oracle
 Corporation, Kenexa provides comprehensive, reliable solutions that seamlessly
 integrate existing software platforms and products from Oracle and other
 leading Internet technology providers.
     Headquartered in Wayne, Pa., Kenexa has more than 600 employees at more
 than 15 locations worldwide.  For more information about Kenexa, please visit
 www.kenexa.com .
 
     Oracle(R) Corporation, Microsoft(R) Corp. and Siebel Systems, Inc. are
 registered trademarks.  All other trademarks are the property of their
 respective owners.
 
 

SOURCE Kenexa Corporation
    WAYNE, Pa., April 16 /PRNewswire/ -- According to a recent report from the
 Boston-based Aberdeen Group, a leading market analysis and positioning
 services firm, the Human Capital Management (HCM) market will grow from
 $120 million this year to reach $10 billion by 2003.  The HCM marketplace
 includes employment-related functions such as recruiting, compensation,
 training and retention.
     The recent shift in economic markets has accentuated the need for HR
 managers to protect and enhance their workforces because it is this corporate
 asset that most directly influences an enterprise's overall success.  In fact,
 nearly three-quarters of a company's expenditures are devoted to its people.
 This is the major reason why businesses such as Kenexa Corporation, a provider
 of consulting services and HCM solutions, are experiencing phenomenal growth.
     "The HCM space is the main artery of business.  All actions and
 productivity flow from the successful process of managing human capital:
 Hiring, training and retaining the best people," said Rudy Karsan, CEO of
 Kenexa.  "Kenexa has raised more than $64 million over the past 18 months
 because our investors have also realized the great demand for streamlining the
 way businesses manage their people."
     The Aberdeen report, titled, "Human Capital Management:  A Guide to the
 Market and Software Solutions," also describes the real, economic value of
 "people assets," stating that efficiently managed employees can increase a
 company's value by up to 30 percent.  It further encourages businesses to
 implement HCM solutions, specifically to hire, train and retain talent.
     However, according to the report, it is not only the HCM product solutions
 that help to drive efficiencies.
     "It also takes a dedicated team of skilled professionals to understand and
 integrate these solutions within an enterprise," said Karsan.  "This is the
 founding reason behind Kenexa's commitment to providing a complete offering of
 both products and services."
     Kenexa Corporation integrates HCM consulting expertise with a portfolio of
 proprietary software and technology ingenuity to deliver a full compliment of
 proven business solutions to mid- and large-sized companies.
     Kenexa's Human Capital Group provides powerful, Web-enabled HCM offerings,
 including talent acquisition services, training consulting and design &
 analysis of employee surveys.  Its Technology Solutions Group provides
 integrated technology solutions and maintains strategic alliances with
 companies such as Oracle(R) Corporation, Microsoft(R) Corp. and Siebel
 Systems, Inc.
 
     About Kenexa
     Kenexa is a leading provider of human capital management and technology
 solutions.  Kenexa offers a fully integrated, end-to-end solution for hiring,
 training, and retaining the best corporate talent.  The Kenexa Portfolio
 Software products address all phases of the employment of corporate
 professionals.  Kenexa Portfolio Software products, combined with Kenexa
 services, provide companies with solutions for finding then maximizing the
 performance of and retention of the best employees.
     The Kenexa Technology Solutions Group is a team of management consulting
 and technology professionals devoted to helping its customers use technology
 to achieve its business objectives.  Kenexa's technology experts provide the
 complete set of tools and knowledge to maximize the productivity and
 performance of your business.  As an authorized business partner of Oracle
 Corporation, Kenexa provides comprehensive, reliable solutions that seamlessly
 integrate existing software platforms and products from Oracle and other
 leading Internet technology providers.
     Headquartered in Wayne, Pa., Kenexa has more than 600 employees at more
 than 15 locations worldwide.  For more information about Kenexa, please visit
 www.kenexa.com .
 
     Oracle(R) Corporation, Microsoft(R) Corp. and Siebel Systems, Inc. are
 registered trademarks.  All other trademarks are the property of their
 respective owners.
 
 SOURCE  Kenexa Corporation