Software AG, the second largest Germany-based provider of business software after SAP, has agreed to sell its StreamSets and webMethods businesses to IBM for €2.13 billion ($2.3 billion). The firm, which was sold to private equity group Silver Lake in October for €2.6 billion, retains its legacy database business ADABAS Natural, plus its fast growing IoT and analytics divisions, Apama, Cumulocity IoT, and TrendMiner. IBM will integrate the businesses with its hybrid cloud and AI offers, as part of its watsonx AI and data platform. The transaction is seen as a “significant validation of its vision for AI-enabled enterprise integration platforms”.
