webMethods

Today, December 19, has turned out to be an important day for artificial intelligence, especially for India. The government has announced that it has commenced the process of formulating regulations on AI to foster development, protection, and innovation in this space. In other news, IBM has revealed its plans to acquire StreamSets and webMethods platforms of Software AG for a total of 2.3 billion dollars in a bid to improve its own AI offerings. This and more in today's AI roundup. Let us take a closer look.Indian…

The $2.3 billion deal is expected to close in the second quarter of 2024. IBM continues to invest in AI and hybrid cloud with the Dec. 18 announcement of a definitive agreement with Software AG to acquire StreamSets and webMethods, two integration platform-as-a-service enterprise technology platforms. The deal is expected to close in Q2 2024 for $2.3 billion in cash. Jump to: What are the iPaaS platforms StreamSets and webMethods? StreamSets is a DataOps and data ingestion application. It is cloud…

IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG bought for more than $500 million back in 2007. It’s worth noting that Software AG itself was acquired by Silver Lake earlier this year, with the private equity giant initially…