IBM acquires Software AG’s data integration platform for 2.3 billion euros

IBM acquires Software AG’s data integration platform business to develop its activities in the field of artificial intelligence and hybrid cloud. SoftwareAG therefore sells its StreamSets and webMethods tools.

The agreement provides for the acquisition of a stake in Software AG from its majority shareholder, the private equity firm Silver Lake. The acquisition is valued at 2.33 billion euros, entirely in cash.

IBM wants to increase the performance of its generative AI platform, WatsonX

IBM plans to use this acquisition to increase the performance of its generative AI platform, WatsonX, and expand its customer support, in particular by facilitating and securing data entry.

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  Streamset is a cloud-based DevOps and data collection platform. It helps organizations gain consistent access to data, across a wide range of data sources and data types. It also simplifies the design of data pipelines and the collection of real-time and batch data (batch).
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  webMethods, acquired in 2007 by Sorftware AG, is a unified API management platform. Deployed both on-premises and in the cloud, the unified platform offers B2B integration, managed file transfer and a modern API gateway to manage, monitor and monetize APIs.

IBM specifies that the transaction is subject to regulatory approval and that it should be finalized in the second quarter of 2024.

“This announcement marks the beginning of providing our customers and partners with one of the most modern and comprehensive application and data integration platforms,” said Rob Thomas, senior vice president and chief commercial officer, SW, IBM. “IBM’s products, including the Watson AI and Data Platform, as well as StreamSet and webMethods, help customers realize the full potential of their applications and data. This combination will allow them to transform their activities thanks to AI, regardless of where their applications or data reside.”

In its latest Magic Quadrant dedicated to iPaaS offers, Gartner
recognizes that it is becoming difficult to distinguish between the
data integration tools, RPA platforms or even the
API management services. And for good reason: all these offers don
sometimes only one.

Source: “ZDNet Korea”