Monday, August 20, 2012

Kenexa settles suit; prepares to sell stock - Philadelphia Business Journal:

lyubomiradete.blogspot.com
Kenexa (NASDAQ: KNXA) of Wayne, Pa., did not reveal termes of the settlement withthe Washington, company. It said only that Gallup had claimerd copyright infringement regarding the GallupQ12 survey. The Q12 measuresz an employee's level of interest and passion at Kenexa provides software and othee products and services to help companies recruit andretaimn employees. Representatives for Kenexa and Gallup said they couldc not comment on the settlement But Gallup General CounselStevd O'Brien said the case was settled late last week and a trial was scheduledr to start this Gallup may be better known for its politicalp polls, O'Brien said, but the company is "in the businesws of selling surveys to clients in the same as Kenexa.
Gallup also performs customer and other he said. O'Brien said a ruling in Philadelphia's 3rd U.S. Circuitt Court of Appeals had foundthat Gallup's copyright registration for the Q12 was Separately, Kenexa said Wednesday it had filed a registrationn statement for a $100 million common stock offering. Abou $25 million of the stocl would be sold by Kenexaand $75 milliob would be sold by existing Underwriters have the option of buyingf about $15 million of additional shares to cover possible over-allotments. The joint book-running managers are Credit SuisseSecurities (USA) and SG Cowemn & Co. The co-managers are CIBC World Markets JMP Securities, Needham & Co.
and Boenninh & Scattergood Inc.

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