CHINAZ.com (chinaz.com) December 19 news:International Business Machinery Company (IBM) local time announced on Monday,It will acquire Software AG's enterprise integrated platform for 2.13 billion euros (about 2.33 billion U.S. dollars) to enhance its artificial intelligence and cloud computing capabilitiesEssence
IBM will acquire Software Ag's StreamSets and WebMethods platforms. These platforms constitute their "Super iPaas" business and currently have 1,500 customers around the world.The full cash transaction is expected to be completed in the second quarter of 2024.
IBM said that the transaction is one of the focus of its artificial intelligence and hybrid cloud products through strategic mergers and acquisitions, which will enhance its WatsonX data intake capabilitiesEssenceIBM quotes IDC's research prediction that the global integrated software market will exceed $ 18 billion by 2027, with a compound annual growth rate of 16%.
Rob THOMAS, senior vice president of IBM, said: "This powerful combination helps to promote innovation, and at the same time prepare AI for business, where the application or data is located."
Software Ag is currently holding 93.3%of the private equity company Silver Lake, which has been pursued for several months, and at the same time announced that Software AG's offer 32 euros ($ 34.96) per share.