Through the acquisition of StreamSets, IBM aims to add data ingestion capabilities to its AI and data platform watsonx, and with webMethods, the tech major intends to provide clients and partners with additional integration and API management tools for their hybrid multi-cloud environments
Software AG's StreamSets and webMethods platforms to be acquired by IBM. (Credit: Mark Ahsmann/Wikimedia Commons)
IBM has agreed to acquire Software AG’s Super integration platform-as-a-service (iPaaS) enterprise technology platforms StreamSets and webMethods in an all-cash deal worth €2.13bn.
Based in Germany, Software AG is an enterprise integration and technology company which is majority owned by Silver Lake.
The company’s Super iPaaS is an artificial intelligence (AI)-driven integration platform that combines application programming interfaces (APIs), data, application, business-to business (B2B), and events integration capability.
StreamSets is a cloud-native DataOps and data ingestion platform while webMethods is an integration and API management platform. The former enables enterprises to ensure consistent access and delivery of data across a broad range of data sources and types.
Besides, StreamSets supports the creation of smart data pipelines and the ingestion of both real-time and batch data.
Deployed in both on-premises and in the cloud environments, webMethods offers B2B integration, managed file transfer, and delivers a modern API gateway for the management, monitoring, and monetisation of APIs.
Software AG CEO Sanjay Brahmawar said: “IBM is the ideal home for webMethods and StreamSets, the products at the heart of our Super iPaaS vision.
“Combined with IBM’s global scale and focus on hybrid cloud and AI, our people will have a fantastic opportunity to develop while helping enterprises everywhere get the most out of their applications and data.”
Through the acquisition of StreamSets, IBM aims to add data ingestion capabilities to watsonx, the company’s AI and data platform.
IBM also intends to provide clients and partners with more integration and API management tools for their hybrid multi-cloud environments with webMethods.
IBM chief commercial officer software senior vice president Rob Thomas said: “Together with IBM’s watsonx AI and data platform, as well as its application modernisation, data fabric and IT automation products, StreamSets and webMethods will help clients unlock the full potential of their applications and data.
“This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside.”
The proposed deal follows a more than 20-year relationship between IBM and Software AG.
Subject to customary conditions, including regulatory approvals, the deal is anticipated to close in Q2 2024.