IBM to Buy Two Software AG Data Platforms for €2.13 Billion
- Deal will strengthen IBM’s AI and cloud capabilities
- Software AG backer Silver Lake also made deslisting offer
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International Business Machines Corp. has agreed to buy data-integration platforms StreamSets and WebMethods from Software AG for €2.13 billion ($2.3 billion) in cash in an effort to strengthen its AI and cloud capabilities.
The deal is expected to complete in the second quarter of 2024, subject to regulatory approvals, Armonk, New York-based IBM said in a statement on Monday.