IBM to buy Software AG's integration platforms for $2.3b

FRANKFURT Dec 18 (Reuters): IBM said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings.
IBM will acquire Software AG's StreamSets and webMethods platforms with available cash on hand, it said. The two units formed Software AG's so-called "Super Ipaas" business, which was launched in October.
The platforms provide application integration, application programming interface (API) management, and data integration among other uses.
Software AG is majority owned by private equity firm Silver Lake, which currently owns 93.3 per cent of shares in the German software company, following a takeover pursuit spanning several months.