IBM Corporation announced the signing of an agreement to acquire the StreamSets and webMethods platforms from the German company Software AG. The amount of the agreement is 2.13 billion Euros in cash. The asset transfer will be completed in Phase II of 2024 after obtaining the necessary permissions from the regulatory authorities. It is planned to be completed in the quarter.

StreamSets is a cloud-based DataOps system that provides coordinated access and distribution of various types of data from a wide variety of sources. Additionally, this platform makes it easier to design smart data pipelines and obtain information in real time. WebMethods is a solution for API integration and management. The platform can be deployed on-premises or in the cloud. System B2B integration, managed file transfer, etc. provides.

In general, both purchased products belong to the Super iPaaS (Integration Platform as a Service) category: this is a set of services that connect different applications and processes in cloud and local environments. IBM says the deal is part of a strategy aimed at advancing artificial intelligence and hybrid cloud. Specifically, StreamSets will allow IBM to expand the functionality of watsonx, a platform that simplifies the application of artificial intelligence in various fields. webMethods will provide customers and partners with additional API integration and management tools for hybrid multi-cloud environments.

It is claimed that in this way IBM customers can unlock the full potential of their applications and data. IDC predicts that the global market for integration software will exceed $18 billion by 2027, with a CAGR (compound annual growth rate) of 16.1% for this segment. It is noteworthy that StreamSeats was acquired by Software AG less than two years ago.