Salary.com (NASDAQ: [[ticker:SLRY]]), a Needham, MA-based maker of on-demand software for managing employee pay and performance, will be acquired by Wayne, PA-based Kenexa (NASDAQ: [[ticker:KNXA]]) for $4.07 per share in cash, for a total of roughly $80 million, the companies announced today. Kenexa, a human resources software, services, and consulting firm, said it expects the deal to complete fourth quarter of 2010, subject to customary closing conditions.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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