Top Stocks For 2/24/2013-10

Company: Salary.com, SLRY

Price: 4.10

Change: 43.36%

Volume: 227,745

Sept 1 (CRWENewswire) – Kenexa Corp (KNXA.O), which provides software for managing human resources, said it will acquire Salary.com Inc (SLRY.O) for about $80 million in cash to expand its presence into compensation management.

Kenexa will pay $4.07 a share, a premium of about 42 percent to Salary.com’s closing price on Tuesday.

Salary.com, which has not posted an annual profit since it went public in February 2007, provides on-demand software that helps businesses manage compensation and performance. Last year, its revenue totaled about $46 million.

Salary.com, Inc. provides on-demand compensation, payroll, human resource management, performance management, and competency management solutions in the human capital software-as-a-service (SaaS) market primarily in the United States. Its software applications, content, and consulting services help executives, line managers, and compensation professionals automate, streamline, and optimize critical talent management processes, such as market pricing, compensation planning, performance management, competency management, and succession planning. The company offers compensation management applications for enterprise customers that helps companies determine how much to pay new and existing employees and manage overall compensation programs; and performance management applications to assist customers in establishing and tracking performance goals, and link each employee’s pay to performance against these goals, as well as planning for talent needs and future succession.

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