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IBM Exclusive: Inside $2.3bn Acquisition Deal in Software AG

International technology company IBM has announced its acquisition of StreamSets and WebMethods, two data-integration platforms, from German software firm Software AG.

IBM strengthens its AI and cloud services capabilities with the acquisition of StreamSets and WebMethods. PHOTO: Shutterstock/ALP
IBM strengthens its AI and cloud services capabilities with the acquisition of StreamSets and WebMethods. PHOTO: Shutterstock/ALP

This strategic move aims to enhance IBM’s capabilities in artificial intelligence (AI) and cloud services. The deal, valued at €2.13 billion ($2.3 billion) in cash, is expected to be completed in the second quarter of 2024, subject to regulatory approval.

IBM’s decision to acquire StreamSets and WebMethods comes as the demand for AI-focused

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