IBM has agreed to buy data-integration platforms StreamSets and webMethods from Software AG for €2.13 billion.
The company said StreamSets and webMethods are among the technology leaders in application integration, API management, and data integration.
It pointed out that market intelligence firm IDC predicts the worldwide integration software market will exceed $18.0 billion in 2027 at a compound annual growth rate of 16.1%.
In a statement, IBM said the acquisition is further evidence of its deep focus and investment in AI and hybrid cloud.
StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform, while webMethods will give clients and partners additional integration and API management tools for their hybrid multi-cloud environments, it explained.
“This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside," said Rob Thomas, senior vice president, software and chief commercial officer.