IBM has announced the acquisition of Software AG’s enterprise integration platforms for a substantial €2.13 billion. This significant acquisition encompasses Software AG’s StreamSets and webMethods platforms, integral components of the recently unveiled Super Ipaas business.
Software AG’s StreamSets and webMethods platforms are renowned for their prowess in application integration, application programming interface (API) management, and data integration. The integration of these capabilities aligns seamlessly with IBM’s commitment to advancing hybrid cloud offerings and AI solutions.
The majority ownership of Software AG, to the tune of 93.3%, rests in the hands of private equity firm Silver Lake. Christian Lucas, Head of the Supervisory Board of Software AG, expressed enthusiasm about the potential collaboration, stating, “The opportunity to bring the StreamSets and webMethods teams together with IBM to innovate in creating the future of hybrid cloud and artificial intelligence solutions for enterprises is unique.”
The acquisition is poised to elevate IBM’s standing in the competitive landscape of AI-driven enterprise solutions. However, the transaction is contingent on regulatory approvals and is anticipated to conclude in the second quarter of 2024.
Source: Reuters
