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Big Law

IBM Aims to Boost AI Offerings With $2.3 Billion Deal to Buy Two Software AG Platforms

IBM announced on Monday its plans to buy Software AG’s StreamSets and webMethods platforms for $2.3 billion cash in a move aimed at bolstering the tech giant’s artificial intelligence and hybrid cloud offerings.

The two platforms together make up Software AG’s Super integration platform-as-a-service (iPaas) enterprise tech platform, which serves more than 1,500 clients globally.

IBM will use StreamSets to add data ingestion capabilities to its AI platform watsonx, and webMethods will allow IBM to provide further integration and application programming interface (API) tools to clients for their hybrid multi-cloud environments, the company said in a press release.

Read the source article at Fox Business

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