Big Blue Rumored to buy PeopleSoft | AccountingWEB

Big Blue Rumored to buy PeopleSoft

Rumors can be good or bad depending on the truth, speculation and, of course, end result.

Shares of PeopleSoft recently rose 18 percent when it was heard that IBM might be purchasing the popular provider of enterprise and business solutions.

PeopleSoft has been in the news quite a bit lately for mishaps in installations at some well-known companies, as well as for acquisition speculation. The company has tried to increase revenue in the face of corporate delays in software purchases.

Experts predict that an IBM-acquisition of PeopleSoft makes sense because it would add value to IBM's software products.

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