SWDAF - IBM Boosts AI And Cloud Portfolio With €2.13B Buyout: Here's Details | Benzinga
International Business Machines Corp (NYSE: IBM) penned a definitive deal with Software AG (OTC: SWDAF) to acquire StreamSets and webMethods for €2.13 billion (~$2.3 billion) in cash.
StreamSets and webMethods are Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms.
The buyout is projected to enhance IBM's focus and investment in AI and hybrid cloud by adding data ingestion capabilities to watsonx (IBM's AI and data platform).
IBM is acquiring the companies with available cash on hand, and the ...