SOURCE: Kenexa

Kenexa

June 12, 2009 16:23 ET

Kenexa Notified of Purported Class Action Lawsuit

WAYNE, PA--(Marketwire - June 12, 2009) - Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today announced that it has been notified that a purported class action complaint had been filed in the United States District Court for the Eastern District of Pennsylvania against the Company, its chief executive officer and its chief financial officer. The complaint alleges that between May 8, 2007 and November 7, 2007 the Company failed to disclose certain facts about the Company's business, and on that basis the complaint asserts violations of federal securities laws. Under the provisions of the Private Securities Litigation Reform Act, it is possible that additional complaints containing similar allegations may be filed.

The Company stated that it believes that the allegations made in the complaint are without merit and that it intends to vigorously defend against the complaint.

About Kenexa

Kenexa® provides business solutions for human resources. We help global organizations multiply business success by identifying the best individuals for every job and fostering optimal work environments for every organization. For more than 20 years, Kenexa has studied human behavior and team dynamics in the workplace, and has developed the software solutions, business processes and expert consulting that help organizations impact positive business outcomes through HR. Kenexa is the only company that offers a comprehensive suite of unified products and services that support the entire employee lifecycle from pre-hire to exit. Additional information about Kenexa and its global products and services can be accessed at www.kenexa.com.

Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 in which Kenexa discusses its belief that the purported securities class action lawsuit referred to above is without merit and that it intends to defend this suit vigorously. Forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. These statements may contain, among other things, guidance as to future revenue and earnings, operations, expected benefits from acquisitions, prospects of the business generally, intellectual property and the development of products. These statements are based on Kenexa's current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under the caption "Risk Factors" in Kenexa's most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission and as revised or supplemented by Kenexa's quarterly reports on Form 10-Q. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors, Kenexa's ability to implement business and acquisition strategies or to complete or integrate acquisitions, and developments in the litigation. Kenexa does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.