IBM has announced plans to buy Software AG’s Super integration platform-as-a-service (PaaS) enterprise technology platforms, StreamSets and webMethods, in a deal worth €2.13 billion ($2.33 billion) in cash.
The agreement will enable IBM to leverage Software AG’s existing technologies, identified as leaders in application integration, API control and knowledge integration, for its own synthetic intelligence and hybrid cloud offerings.
Californian tech investor Silver Lake is currently the primary owner of Software AG, accounting for 93.3% of its shares.
The deal includes IBM’s acquisition of StreamSets, a cloud-native DataOps and data ingestion platform, and webMethods, an integration and API management platform. Together, IBM said that the sale represents its “deep focus” and investment in artificial intelligence and hybrid cloud.
Rob Thomas, IBM’s senior vice president of software and chief advertising officer, said, “With IBM’s Watsonx AI and knowledge platform, as well as its application modernization, knowledge fabric and IT automation products, StreamSets and webMethods will enable consumers to unlock the full possibilities of their programs and insights.
In its announcement, IBM added that it has worked with Software AG, based in Darmstadt, Germany, for more than two decades. For Software AG’s products, IBM’s ownership will allow them to further grow in popularity as they succeed in the company’s 175 businesses. countries of operation.
Sanjay Brahmawar, CEO of Software AG, said: “Combined with IBM’s global scale and focusing on hybrid cloud and AI, our people will have the opportunity to grow while helping businesses around the world get the most out of their programs and data.
Completion of the deal is subject to customary closing conditions and regulatory approvals, but assuming a positive outcome, IBM hopes to have acquired StreamSets and webMethods by the end of Q2 2024.
With several years of freelance experience in the technology and automotive circles, Craig’s expressed interests lie in technologies designed for our lives, adding artificial intelligence and machine learning, productivity aids and smart fitness. He is also passionate about the automotive industry and the decarbonization of non-industrial sectors. -Public transport. As an avid bargain hunter, he can be sure that any deal Craig discovers will be excellent value for money.
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