September 1, 2012
IBM (NYSE: IBM ) is moving into new territory after acquiring Kenexa (NYSE: KNXA ) in a $1.3 billion cash deal. Traditionally, IBM has focused on infrastructure as opposed to software systems, so we now see the company expanding beyond its strategic three-pronged business model, which not only will help add to its already high annual profit growth of 19% but also affirm its position as a powerhouse in the tech arena.
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