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IBM Acquires Software AG's StreamSets and WebMethods for €2.13B

The acquisition, expected to close in Q2 2024, enhances IBM's AI and hybrid cloud strategy.

Overview

  • IBM is acquiring Software AG's StreamSets and webMethods platforms for €2.13 billion ($2.3 billion) in cash.
  • The acquisition is part of IBM's broader strategy to bolster its AI and hybrid cloud offerings.
  • StreamSets and webMethods are part of Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms.
  • The deal is expected to be completed in the second quarter of 2024, subject to regulatory approvals.
  • Software AG is majority owned by private equity firm Silver Lake, which currently owns 93.3% of shares in the German software company.