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IBM Expands AI and Cloud Capabilities with $2.3 Billion Acquisitions

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Source: WRAL TechWire
IBM Expands AI and Cloud Capabilities with $2.3 Billion Acquisitions
Photo: WRAL TechWire
TL;DR Summary

IBM is investing over $2 billion to enhance its artificial intelligence (AI) and cloud computing capabilities by acquiring an integration platform as a service suite from Software AG. The deal includes Software AG's StreamSets and webMethods offerings, which will boost IBM's data ingestion capabilities and hybrid cloud offerings. This acquisition is part of IBM's ongoing strategy under CEO Arvind Krishna to expand its AI-related portfolio. The deal is expected to close in the second quarter of 2024.

Topics:business#acquisition#artificial-intelligence#cloud-computing#ibm#software-ag#technology
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  1. IBM makes $2B+ deal to add more AI, cloud computing solutions  WRAL TechWire
  2. IBM to buy Software AG's enterprise integration platforms for $2.3 bln  Reuters
  3. IBM Strengthens Hybrid Cloud and AI Platforms With $2.3 Billion Acquisition  Yahoo Finance
  4. IBM to Acquire StreamSets and webMethods Platforms from Software AG  PR Newswire

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