IBM announced that they have reached an agreement to acquire StreamSets and WebMethods, which are iPaaS (integration platform-as-a-service) platforms from Software AG, the parent company. This deal is valued at a total of 2.13 billion euros.
StreamSets is a cloud-based data integration platform used by organizations to create data pipelines, while WebMethods is a platform that integrates and manages APIs, supporting both on-premise and multi-cloud environments.
IBM states that this deal is an investment by the company to further enhance their focus on AI and hybrid cloud. StreamSets will collaborate with IBM’s data and AI platform, WatsonX, while webMethods will serve as a tool for customers to manage data in multi-cloud environments.
Currently, StreamSets and WebMethods have over 1,500 organizational customers worldwide.
TLDR: IBM has announced its acquisition of StreamSets and WebMethods from Software AG. The deal, valued at 2.13 billion euros, aims to strengthen IBM’s focus on AI and hybrid cloud. StreamSets is a cloud-based data integration platform, while WebMethods helps manage APIs in multi-cloud environments. This acquisition expands IBM’s offerings and enhances their capabilities in the data integration space.
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