IBM has closed a $2.33 billion deal to acquire StreamSets and webMethods platforms

The deal is anticipated to close in the second quarter of 2024

IBM announced on Monday that it would strengthen its artificial intelligence and hybrid cloud solutions by purchasing Software AG's corporate integration platforms for 2.13 billion euros ($2.33 billion). With cash in hand, IBM plans to purchase Software AG's StreamSets and webMethods platforms, the company announced. The October debut of Software AG's "Super Ipaas" business was made possible by the combined efforts of the two companies. Among its various uses are application integration, application programming interface (API), and administration data integration. After an extended takeover attempt that lasted several months, private equity firm Silver Lake now has 93.3% of the German software company's shares. The total firm valuation in that deal was 2.6 billion euros, or $2.84 billion.

According to a statement from Christian Lucas, chairman of Software AG's supervisory board, there is a unique and compelling 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 enterprises. The deal is anticipated to close in the second quarter of 2024, pending regulatory approvals. Simultaneously, Silver Lake revealed its offer to delist Software AG at a price of 32 euros ($34.96) per share, which is anticipated to happen after its acquisition this year.