Tech giant IBM has recently completed the acquisition of StreamSets and webMethods from Software AG as part of its expansion strategy to enhance its software portfolio. This move comes in response to the increasing demand for seamless integration of applications, APIs, and data across hybrid cloud environments as businesses turn to AI-based solutions.
The acquisition, valued at €2.13 billion, was first announced in December 2023 and is a result of the longstanding relationship between IBM and Software AG. StreamSets offers advanced data ingestion capabilities that will be integrated into IBM’s Watson artificial intelligence and data platform. This integration will allow for real-time data ingestion from multiple sources, a key feature for organizations utilizing data for AI applications.
On the other hand, webMethods brings its Integration Platform as a Service (iPaaS) technology to IBM’s automation solutions. This technology enables flexible deployment of integrations to address the complexities of modern business environments and data sovereignty requirements. With the integration software market projected to exceed $18 billion by 2027 according to IDC, IBM is positioning itself to capture a significant share of this growing market with the acquisition of StreamSets and webMethods, which currently serve over 1,500 companies globally.
By incorporating these technologies into its portfolio, IBM aims to provide its clients and partners with one of the most comprehensive application and data integration platforms in the industry. This will help organizations better manage the increasing complexity of their IT environments and prepare for the widespread adoption of AI technologies. With IDC forecasting the creation of one billion new applications by 2028, efficient data management and integration are becoming more crucial than ever.
In conclusion, IBM’s acquisition of StreamSets and webMethods enhances its AI and automation capabilities, positioning the company to meet the rising demand for seamless data integration in the era of AI-driven applications. By expanding its software portfolio with these advanced technologies, IBM aims to provide its clients with the tools necessary to navigate the complexities of modern business environments and leverage data effectively for AI applications.
Article Source
https://technologymagazine.com/articles/ibm-closes-software-ag-enterprise-tech-business-acquisition
