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 HR software specialist Kenexa
So what: Big Blue is scooping up the company, adding to its large stable of software application acquisitions made over the years. Kenexa has been putting up strong growth, with revenue jumping 24% to $88.2 million last quarter, although it remains unprofitable. The company has roughly 9,000 customers.
Now what: The move mirrors one Oracle
Interested in more info on Kenexa? Add it to your Watchlist.
Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Motley Fool newsletter services have recommended creating a synthetic long position in IBM.
We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.