IBM to buy Software AG’s enterprise integration platforms for €2.13

IBM said on Monday that it would buy Software AG's enterprise integration platforms for €2.13 billion ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings.IBM will acquire Software AG's StreamSets and webMethods platforms with available cash on hand, it said. The two units formed Software AG's so-called "Super Ipaas" business, which was launched in October.The platforms provide application integration, application programming interface (API) management, and data integration among other uses.Software AG is majority-owned by private equity firm Silver Lake, which currently owns 93.3 per cent of shares in the German software company, following a takeover pursuit spanning several months. That deal valued the whole business at €2.6 billion ($2.84 billion)."The opportunity to bring the StreamSets and webMethods teams together with IBM to innovate in building the future of hybrid cloud and next-generation AI solutions for the enterprise is uniquely compelling," Christian Lucas, chairman of the supervisory board of Software AG said in a statement.The transaction is subject to regulatory approvals and is expected to be completed in the second quarter of 2024.Silver Lake simultaneously announced its delisting offer for Software AG at €32 ($34.96) per share, the expected next step following its takeover this year.

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IBM to buy Software AG’s enterprise integration platforms for €2.13

The platforms provide application integration, application programming interface (API) management, and data integration among other uses.

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