IBM has agreed to acquire StreamSets and webMethods, cloud-based integration platforms, from Software AG, a company majority owned by Silver Lake, for 2.13 billion euros ($2.34 billion). The transaction, announced Dec. 18, is expected to close in the second quarter of 2024. Germany-based Software AG was advised by Hengeler Mueller and a Simpson Thacher & Bartlett team including partners Elizabeth Cooper, James Howe, Christopher Vallance, Mark Viera and Ben Schaye. The Hengeler Mueller team was led by partners Maximilian Schiessl and Martin Ulbrich. Counsel information for IBM, based in New York, was not immediately available.
Technology
December 19, 2023, 11:03 AM