IBM has confirmed its acquisition of Software AG’s enterprise technology portfolio for a cash amount totaling $2.3 billion.
In Brief
In an official announcement, IBM stated that it has entered into a definitive agreement to purchase Software AG’s iPaaS (Integration Platform as a Service) technology platforms for $2.3 billion in cash.
IBM The tech giant has revealed plans to acquire Software AG, a German software firm, for its iPaaS platforms including StreamSets and webMethods, valuing the deal at $2.3 billion (€2.13 billion) in cash.
IBM states that the inclusion of StreamSets will enhance its AI and data platform's data ingestion capabilities, while webMethods will provide clients and partners with improved integration and API management tools suited for multi-cloud environments. Watsonx This acquisition fits seamlessly into IBM’s strategy of bolstering its position in the rapidly advancing tech landscape.
Rob Thomas, IBM’s senior vice president of software and chief commercial officer, noted, “Integrating StreamSets and webMethods with IBM’s watsonx AI and data platform, along with its application modernization, data fabric, and IT automation tools, will empower clients to maximize their applications and data. This collaboration is crucial for innovation, especially in the context of AI deployment, regardless of data or application locations.” landscape of AI and hybrid cloud solutions, it added.
Thomas further stated, “This acquisition will provide IBM’s clients and partners with one of the most advanced and all-encompassing platforms for application and data integration available in the market today.”
IBM clarified its key offerings, which encompass:
StreamSets, a cloud-native DataOps and data ingestion platform that supports businesses in consistently accessing and delivering data from various sources and types. It also enables the creation of intelligent data pipelines and the ingestion of both real-time and batch data.
- webMethods, an integration and API management platform operational in both cloud and on-premise environments, which facilitates B2B integration, managed file transfers, and features a contemporary API gateway for managing, monitoring, and monetizing APIs.
- Sanjay Brahmawar, CEO of Software AG stated, “With IBM's expansive reach and dedication to hybrid cloud and AI, our teams are presented with an incredible opportunity to develop the Super iPaaS initiative alongside them. The talented individuals staying with our company will continue to innovate for the benefit of our customers, employees, and all stakeholders involved.”
Data Integration and AI Deployment in the Digital Age
In today’s business climate, companies are stepping up their commitment to modernizing applications and integrating artificial intelligence more fluidly in their operations. This necessitates robust integration solutions to ensure the efficacy of their application modernization strategies.
In the fast-paced landscape of digital transformation IBM pointed out that this is exactly where StreamSets and webMethods come into play, essential not just for application integration, but also for API and data management.
Christian Lucas, Chairman of Software AG’s Supervisory Board and a Managing Partner at Silver Lake remarked, “The chance to unite the StreamSets and webMethods teams with IBM creates a unique opportunity for innovation in building the future of hybrid cloud solutions and next-gen AI services for enterprises. Our investment in Software AG was driven by a vision to partner with exemplary management teams and technology leaders to create exceptional value for clients, employees, and stakeholders.”
The finalization of the acquisition is contingent upon standard closing conditions, including regulatory approvals, with completion anticipated in the second quarter of 2024, as indicated in the announcement.
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