tldrdailynews.com logo

IBM Expands AI Portfolio with $2.3B Acquisition and Platform Enhancements

1 min read
Source: Fox Business
IBM Expands AI Portfolio with $2.3B Acquisition and Platform Enhancements
Photo: Fox Business
TL;DR

IBM is set to acquire Software AG's StreamSets and webMethods platforms for $2.3 billion in cash, aiming to enhance its artificial intelligence (AI) and hybrid cloud offerings. The acquisition will enable IBM to add data ingestion capabilities to its AI platform, Watson, through StreamSets, while webMethods will provide integration and application programming interface (API) tools for clients' hybrid multi-cloud environments. The deal is expected to be completed in the second quarter of 2024.

Topics:businesstechnology#acquisition#artificial-intelligence#hybrid-cloud#ibm#software-ag#technology
Share this article
  1. IBM aims to boost AI offerings with $2.3B acquisition  Fox Business
  2. IBM to Acquire StreamSets and webMethods Platforms from Software AG  PR Newswire
  3. IBM to Buy Business Units From Software AG for $2.32 Billion  The Wall Street Journal
  4. IBM to Bulk Up AI Platform With $2.33 Billion Deal. Data Are Key.  Barron's
  5. IBM buys 50-year-old Software AG's enterprise tech units for €2.13B in cash  The Register

Want the full story? Read the original reporting

Read on Fox Business