Key Takeaways <\/p>\n
International Business Machines Corp. (IBM) said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to strengthen its artificial intelligence and cloud computing capabilities. <\/p>\n
IBM will acquire Software AG's StreamSets and webMethods platforms, which make up its \"Super Ipaas\" business, used by 1,500 customers around the world. The all-cash deal is expected to be completed by the second quarter of 2024. <\/p>\n
IBM said the deal was part of a focus to enhance its AI and hybrid cloud offerings through strategic M&A deals, and that it will add to the data ingesting capabilities of watsonx. IBM cited research from IDC that predicts the worldwide integration software market will exceed$18.0 billionin 2027 at a compound annual growth rate of 16%. <\/p>\n
\"This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside,\" saidRob Thomas, Senior Vice President at IBM. <\/p>\n
Software AG is 93.3% owned by private equity firm Silver Lake, which has been involved in a months-long takeover pursuit and announced a simultaneous delisting offer for Software AG at 32 euros ($34.96) per share. <\/p>\n
IBM shares were slightly lower on Monday morning but are up nearly 15% year-to-date. <\/p>\n
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IBM to Buy Software AG's Cloud Computing and AI Assets for $2.3BN - Investopedia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Key Takeaways International Business Machines Corp. (IBM) said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to strengthen its artificial intelligence and cloud computing capabilities. IBM will acquire Software AG's StreamSets and webMethods platforms, which make up its \"Super Ipaas\" business, used by 1,500 customers around the world Continue reading