IBM is all set to buy data platforms from Software AG as an initiative to help clients unlock the full potential of their applications and data.
IBM has agreed to acquire two data management and integration platforms from Software AG for EUR 2.13 billion in cash. StreamSets is a cloud-native DataOps and data ingestion platform, while webMethods focuses on data integration and API management.
Rob Thomas (pictured), SVP Software and Chief Commercial Officer at IBM says, ‘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. Today’s news will give IBM clients and partners one of the industry’s most modern and comprehensive application and data integration platforms.
Software AG CEO Sanjay Brahmawar said, “IBM is the ideal home for webMethods and StreamSets combined with IBM’s global scale and focus on hybrid cloud and AI, our people will have a fantastic opportunity to develop while helping enterprises everywhere get the most out of their applications and data.”
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2024.
