IBM to buy StreamSets and webMethods from Software AG
NEW YORK, UNITED STATES – International Business Machines Corporation (IBM) is slated to purchase integration platforms StreamSets and webMethods for $2.3 billion from tech firm Software AG.
IBM’s purchase of the two integration platforms aims to meet the demand for a hybrid cloud system which could be more beneficial for security and its low-latency features.
The challenge with a hybrid cloud system is managing the data stored in different applications and multiple private or public clouds. StreamSets and webMethods, which specialize in data integration and API management, will help address these hybrid cloud management issues for IBM.
“The opportunity to bring the StreamSets and webMethods teams together with IBM to innovate in building the future of hybrid cloud and next-generation AI solutions for the enterprise is uniquely compelling,” said Christian Lucas, Chairman of the Supervisory Board of Software AG and Managing Partner of Silver Lake.
The purchase is expected to enhance the synergy with IBM’s current portfolio, including watsonx, Red Hat, and IBM Consulting. StreamSets and webMethods are also expected to gain from IBM’s global scale, operating in more than 175 markets.
Software AG purchased webMethods in 2007 for more than $500 million and StreamSets for over $660 million in February 2022. Meanwhile, the tech firm was acquired by equity firm Silver Lake this year.
Related news
- Accenture to power Riyadh Air’s digital infra for 2025 launch · 20 Dec
- TCS updates SIX’s post-trade platform for Swiss market · 19 Dec
- Startek upgrades Aussie energy firm’s call center services · 19 Dec
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
