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IBM announces acquisition of two data platforms from Software AG for 2.13 billion euros

2024-05-23 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com, December 18, IBM announced that it will acquire Software AG's Super iPaaS (integrated platform as a service) enterprise technology platform StreamSets and WebMethods for 2.13 billion euros (CTOnews.com Note: about RMB 16.571 billion) in cash. Its core products include:

StreamSets: a cloud native DataOps and data ingest platform that helps enterprises achieve unified access and delivery to a variety of data sources and types, and facilitates the design of intelligent data pipelines and the ingestion of real-time and batch data.

WebMethods: an integrated and API management platform. The integration platform can be deployed either locally or in the cloud, providing B2B integration, managed file transfer, and a modern API gateway to help customers manage, monitor and profit from API.

The deal is expected to be completed in the second quarter of 2024 and is still awaiting regulatory approval, the companies said. IBM said the deal will further strengthen the company's position as demand for customized cloud services for AI applications increases.

With the accelerating digital transformation of major enterprises and organizations, application and data integration solutions have become the key elements of application modernization and even the effective deployment of AI throughout the enterprise. IDC predicts that by 2027, the global integrated software market will exceed $18 billion, with a CAGR of 16.1%.

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