IBM sees Kenexa as a way to bolster its social business offerings, technologies for connecting workers across their organizations. IBM also views the acquisition as feeding into its massive business analytics push.
Kenexa is also the latest in a string of companies snapped up by tech heavyweights eager to boost their cloud credentials. Earlier this year, for example, SAP (SAP) announced a $4.3 billion deal for Ariba (ARBA), which followed its $3.4 billion purchase of SuccessFactors last year.
Elsewhere, Oracle (ORCL) grabbed cloud-based HR solutions provider Taleo in February, while IBM acquired DemandTec late in 2011.> > Bull or Bear? Vote in Our Poll IBM, as part of its five-year roadmap announced in 2010, has said it plans to spend $20 billion on acquisitions by 2015. Over the past three years, the company has made 25 purchases, and it has closed eight acquisitions this year. Shares of IBM closed the week down 1.48% at 194.85.
Apple (AAPL) also grabbed its share of headlines this week as Wall Street digested the company's victory in its patent battle against Samsung. The iPhone maker, however, may be prepared to bury the hatchet in a separate patent dispute with Google (GOOG), according to a media report. Reuters reported on Thursday that Apple CEO Tim Cook and his Google counterpart Larry Page have been in talks discussing the intellectual property issues between the companies. Citing people familiar with the matter, Reuters reported that talks were held last week. One source told Reuters that the executives agreed to continue talking. Rumors about an iPad Mini continued to swirl this week. AU Optronics (AU) and LG Display are making the touchscreens for the device, according to Chinese Web site Donews, by way of BrightWire. Apple shares ended the week up 0.3% at $665.24. Google's stock closed up 0.95% at $685.09.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV