Salary.com (SLRY) Acquires InfoBasis Limited
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Salary.com, Inc. (Nasdaq: SLRY) has acquired InfoBasis Limited - a leading competency-based, learning and development software company located in the United Kingdom for approximately $5 million.
The acquisition is expected to be neutral to Salary.com's non-GAAP net income during fiscal 2009 and add approximately $1.6 to $2.0 million to Salary.com's fiscal year 2009 revenues. The company will update its overall fiscal year 2009 guidance at the time of its second quarter earnings release. InfoBasis will operate as a subsidiary of Salary.com.
Salary.com is a leading provider of on-demand compensation and talent management solutions helping businesses and individuals manage pay and performance.[SM]
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