Kenexa/Taleo IP litigation settled

Talent management SaaS vendor Kenexa of Wayne has settled litigation resulting out of its 2007 intellectual property lawsuit against competitor Taleo, the company announced in an SEC filing
yesterday.

Kenexa's suit centered on a patent for enabling the entering of resume information into a structured database.

The settlement includes the cross licensing of certain intellectual property between the two firms, and a cash payment of $3 million from Taleo to Kenexa.



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