IBM is set to acquire Software AG's StreamSets and webMethods platforms for $2.3 billion in cash, aiming to enhance its artificial intelligence (AI) and hybrid cloud offerings. The acquisition will enable IBM to add data ingestion capabilities to its AI platform, Watson, through StreamSets, while webMethods will provide integration and application programming interface (API) tools for clients' hybrid multi-cloud environments. The deal is expected to be completed in the second quarter of 2024.
Software AG has sold its data platform to IBM for €2.1bn in a move to focus on its core business of integration and IoT. The acquisition will enable IBM to enhance its hybrid cloud and AI capabilities, while Software AG plans to use the proceeds to strengthen its balance sheet and invest in strategic growth areas.
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.
IBM is acquiring data integration assets StreamSets and WebMethods from Software AG for $2.3 billion. The deal aligns with IBM's focus on hybrid cloud solutions and its aim to provide customers with the ability to manage and process data across different applications stored in various cloud environments. The acquisitions will complement IBM's AI initiatives and data science platform, Watsonx, enabling clients to unlock the full potential of their applications and data.
IBM has announced its plans to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for €2.13 billion ($2.33 billion) in cash. The acquisition aims to strengthen IBM's artificial intelligence and hybrid cloud offerings. Software AG's platforms provide application integration, API management, and data integration services. The deal is subject to regulatory approvals and is expected to be completed in Q2 2024.
