Salary.com Acquired by Kenexa

Erin Kutz9/1/10

Salary.com (NASDAQ: 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: 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.

Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700, or follow her on Twitter at @erkutz.