IBM to pay $2.3 billion to acquire Software AG’s enterprise tech division

IBM said on Monday that it will enhance its artificial intelligence and hybrid cloud solutions by purchasing Software AG's corporate technology platforms for $2.33 billion.

With cash in hand, IBM plans to purchase Software AG's StreamSets and webMethods platforms, the company announced.

Among its many uses are data integration, application integration, and application programming interface (API) administration.

Silver Lake, a private equity firm, is the main owner of Software AG.

Christian Lucas, chairman of Software AG's supervisory board, said in a statement, "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."

(Sources: investing.com, reuters.com)