IBM to buy Software AG's platforms for $2.3 billion

05:20:00 PM, Monday 18th of December 2023 | in miscellaneous

IBM is set to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for a whopping $2.33 billion, reported Reuters. The two units formed Software AG's so-called "Super Ipaas" business, which was launched in October. This move aims to boost IBM's artificial intelligence and hybrid cloud offerings. The platforms provide application integration, API management, and data integration services.