IBM is all set to acquire data integration platforms, webMethods and StreamSets for $2.3 billion as a vision to expand its AI capabilities.
IBM announced that they have entered into an agreement with Software, a German-based enterprise software company to purchase webMethods and StreamSets, which are Software AG’s Super iPaaS (integration platform-as-a-service) enterprise technology platforms for $2.3 billion.
Rob Thomas, SVP, Software and Chief Commercial Officer, IBM, said, “Together with IBM’s watsonx AI and data platform, as well as its application modernization, data fabric, and IT automation products, StreamSets and webMethods will help clients unlock the full potential of their applications and data. This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside.”
According to Sanjay Brahmawar, Chief Executive Officer of Software AG, IBM is the ideal home for SteamSets and webMethods. Both companies align with IBM’s Super iPaaS vision, and the global scale of IBM will only enhance the capabilities of these platforms.
Brahmawar says that he is excited about the opportunity for StreamSets and webMethods to develop while working with IBM and help enterprises around the globe get the most out of their data and applications.
Christian Lucas, Chairman of the Supervisory Board of Software AG and Managing Partner of Silver Lake, said, “We believe that there is no business more iconic or better suited than IBM to continue investing in and growing these great platforms”.
IBM has been focusing on building its AI portfolio and capabilities. It recently announced its commitment to train two million learners in AI by the end of 2026. The acquisition of StreamSets and webMethods will expand its AI capabilities The acquisition deal is set to happen with the available cash on hand. The deal is subject to the customary closing conditions, including regulatory approvals, and is expected to be completed by the second quarter of 2024.
