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IBM to acquire StreamSets and WebMethods from Software AG for $2.3B | TechCrunch

Dec 18, 2023 - techcrunch.com
IBM is set to acquire data integration assets StreamSets and WebMethods from Software AG for €2.13 billion ($2.3 billion). The purchase is part of IBM's broader strategy to embrace the hybrid cloud, following its $34 billion acquisition of Red Hat in 2018 and its $4.6 billion deal for Apptio in June. StreamSets and WebMethods will help IBM manage and process data across various applications and cloud environments, a growing need as companies move towards a more hybrid approach to avoid vendor lock-in.

The acquisition will also bolster IBM's AI capabilities, with data being a key component of AI. The company recently introduced a new data science platform, Watsonx, which provides tools for building and deploying AI and managing all data sources. IBM's senior VP for software and chief commercial officer, Rob Thomas, said the acquisitions will help clients unlock the full potential of their applications and data.

Key takeaways:

  • IBM is acquiring data integration assets StreamSets and WebMethods from Software AG for €2.13 billion ($2.3 billion).
  • These acquisitions fit into IBM's broader strategy of embracing the hybrid cloud and will help in managing and processing data across different applications and clouds.
  • StreamSets and WebMethods technologies span various layers of application and data integration, including API management.
  • These acquisitions will also be used in conjunction with IBM's Watsonx AI and data platform to help clients unlock the full potential of their applications and data.
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