Software AG is majority owned by private equity firm Silver Lake, which owns 93.3% of shares following a takeover pursuit that valued the entire business at 2.6 billion euros ($2.84 billion). The transaction is subject to regulatory approvals and is expected to be completed in the second quarter of 2024. The acquisition is seen as a unique opportunity to innovate in building the future of hybrid cloud and next-generation AI solutions for enterprises.
Key takeaways:
- IBM announced plans to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for 2.13 billion euros ($2.33 billion).
- The acquisition is part of IBM's strategy to strengthen its artificial intelligence and hybrid cloud offerings.
- Software AG is majority owned by private equity firm Silver Lake, which owns 93.3% of shares in the German software company.
- The transaction is subject to regulatory approvals and is expected to be completed in the second quarter of 2024.