IBM to Buy Business Units From Software AG for $2.32 Billion

Updated Dec. 18, 2023 3:30 am ET

IBM said it will buy German software company Software AG’s webMethods and StreamSets divisions for 2.13 billion euros ($2.32 billion).

The acquisition comes as the U.S. technology giant continues to focus on and invest in hybrid cloud and artificial intelligence technology, the companies said on Monday.

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