Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of talent management software maker Taleo (Nasdaq: TLEO) have soared by 17% after Oracle (Nasdaq: ORCL) agreed to acquire the company for $1.9 billion.

So what: The deal comes out to about $46 per share, a roughly 18% premium over yesterday's close. The move is notable because Taleo follows in rival SAP's (NYSE: SAP) footsteps when it similarly acquired SuccessFactors (NYSE: SFSF) a couple of months ago for $3.4 billion.

Now what: The SuccessFactors deal carried a heftier 52% premium. Oracle exec Thomas Kurian said, "Human-capital management has become a strategic initiative for organizations. Taleo's industry-leading talent-management cloud is an important addition to the Oracle Public Cloud." With the recent streak of Goliaths swallowing Davids, don't be surprised if consolidation within the cloud software sector continues.

Interested in more info on Taleo? Add it to your watchlist by clicking here.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.