IBM has announced its acquisition of Software AG’s enterprise integration platforms, StreamSets and webMethods, in a monumental deal valued at €2.13 billion. This strategic move aims to fortify IBM’s prowess in artificial intelligence (AI) and hybrid cloud offerings, aligning with the evolving demands of modern enterprises.
StreamSets and webMethods, integral components of Software AG’s Super Ipaas business, offer robust capabilities in application integration, API management, and data integration. Launched in October, these platforms have quickly garnered attention for their comprehensive suite of features catering to diverse enterprise needs.
Silver Lake, a prominent private equity firm, holds a commanding 93.3% stake in Software AG, positioning the acquisition as a significant development in the technology landscape.
Christian Lucas, Head of the Supervisory Board of Software AG, expressed enthusiasm about the 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 completion of this transformative transaction is contingent upon regulatory approvals and is anticipated to finalize in the second quarter of 2024. This acquisition underscores IBM’s commitment to advancing its AI and hybrid cloud capabilities, propelling the tech giant into a leading position in the competitive enterprise tech landscape.
Source: Reuters