IBM to Acquire Two Software AG Units for $2.3 Billion to Boost AI and Hybrid Cloud Capabilities
- IBM paying $2.3 billion to acquire two units of German software company Software AG
- Aiming to boost IBM's AI and hybrid cloud offerings
- Acquiring StreamSets for data ingestion capabilities
- Acquiring webMethods for integration and API management
- Deal expected to close in Q2 2023, financed with cash on hand