IBM is set to acquire Software AG’s two cutting-edge enterprise integration platforms for a hefty €2.13 billion. This transformative acquisition targets Software AG’s StreamSets and webMethods platforms, integral components of the newly introduced Super Ipaas business.
Software AG’s Super Ipaas business, launched in October, encompasses these two platforms renowned for their prowess in application integration, application programming interface (API) management, and data integration, among other functionalities, as per Reuters reports.
Silver Lake, a prominent private equity firm, currently holds a dominating 93.3% stake in Software AG, the German software company at the center of this acquisition.
Christian Lucas, head of the supervisory board of Software AG, expressed enthusiasm about the prospect, 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 deal is contingent on regulatory approvals and is anticipated to reach completion in the second quarter of 2024, signaling a significant stride in IBM’s quest to fortify its position in the evolving landscape of AI and hybrid cloud solutions.
Source: Reuters
