The German enterprise integration and technology firm has reached out to competitors and investors, inviting bids for the two software platforms Trend Miner and Cumulocity, and additionally, is exploring options for a third platform
Software AG is a German enterprise integration and technology firm. (Credit: Snipermatze/Wikimedia Commons)
Software AG is reportedly exploring the sale of additional platforms following its recent €2.13bn worth deal to divest StreamSets and webMethods to IBM.
The German enterprise integration and technology firm has reached out to competitors and investors, inviting bids for two software platforms. Additionally, the company is exploring options for a third platform, reported German-language business newspaper Handelsblatt, citing sources familiar with the discussions.
Software AG, which is majority owned by private equity firm Silver Lake, is seeking potential suitors for its Trend Miner and Cumulocity platforms. The German tech company is also exploring alternatives for its Alfabet software.
Trend Miner specialises in data analysis for industry, Cumulocity is a software designed for the Internet of Things (IoT), while Alfabet aids in the visualisation of company architecture.
WebMethods and StreamSets, which are part of the deal with IBM are Software AG’s Super integration platform-as-a-service (iPaaS) business.
Super iPaaS stands as an integration platform powered by artificial intelligence (AI), designed to seamlessly merge capabilities in application programming interfaces (APIs), data integration, application integration, business-to-business (B2B) integration, and event integration.
In contrast, StreamSets operates as a cloud-native DataOps and data ingestion platform, facilitating enterprises in ensuring consistent access and delivery of data across various sources and types. On the other hand, webMethods serves as an integration and API management platform.
Recently, Silver Lake revealed its delisting proposal for Software AG at a rate of €32 per share. This move is anticipated as the logical progression following the German tech company’s takeover earlier this year.