IBM on Monday mentioned it’s paying 2.1 billion ($2.3 billion) to purchase two items of a German software program firm to spice up its synthetic intelligence and hybrid cloud choices.
The all-cash deal has IBM shopping for Software AG’s StreamSets and webMethods from private-equity group Silver Lake.
IBM mentioned StreamSets will add information ingestion capabilities whereas webMethods will present extra integration and API administration instruments for his or her hybrid multi-cloud environments.
IBM mentioned the deal is predicted to shut within the second quarter of 2024 and might be financed with money available.
IBM shares
IBM,
closed decrease on Friday however have gained 15% this 12 months.
Source web site: www.marketwatch.com
