IBM to Acquire Software AG: IBM announced on Monday its plans to acquire Software AG’s enterprise integration platforms for 2.13 billion euros ($2.33 billion), aiming to strengthen its artificial intelligence and hybrid cloud offerings. The acquisition will encompass Software AG’s StreamSets and webMethods platforms, which are part of the “Super Ipaas” business launched by Software AG in October. These platforms play a crucial role in application integration, API management, and data integration, among other functions.
The move comes as IBM seeks to enhance its capabilities in the rapidly evolving landscape of hybrid cloud solutions and next-generation AI applications. The acquisition will be funded using IBM’s available cash reserves. Software AG is primarily owned by private equity firm Silver Lake, holding a 93.3% stake in the German software company following a months-long takeover pursuit. The earlier takeover valued Software AG at 2.6 billion euros ($2.84 billion).
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Christian Lucas, Chairman of the Supervisory Board of Software AG, expressed optimism about the collaboration, stating, “The opportunity to bring the StreamSets and webMethods teams together with IBM to innovate in building the future of hybrid cloud and next-generation AI solutions for the enterprise is uniquely compelling.” The transaction is contingent on regulatory approvals and is anticipated to conclude in the second quarter of 2024.
Concurrently, Silver Lake announced its delisting offer for Software AG at 32 euros ($34.96) per share, marking the expected next step in the takeover process initiated earlier this year.
Our Reader’s Queries
Who bought Software AG?
In June, Silver Lake, a private equity firm, acquired a majority stake in Software AG for a whopping 2.6 billion euros ($2.84 billion). As per Reuters, the company is currently in the process of delisting Software AG for 32 euros ($34.96) a share.
Is Software AG a SaaS company?
Software AG customers have the added benefit of utilizing their products as part of SaaS offerings. The Professional Services (PS) business line offers consulting and implementation services that expedite the deployment of Software AG products for customers.
How many companies has IBM acquired?
IBM has acquired 181 companies in various sectors including Enterprise Tech – US, Enterprise Software, and SaaS. The total amount spent on these acquisitions is over $76.6B.
Is Software AG public?
On April 26, 1999, Software AG made its debut as a public company.