International Business Machines Corp. (IBM) said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to strengthen its 澳洲幸运5官方开奖结果体彩网:artificial intelligence and 澳洲幸运5官方开奖结果体彩网:cloud computing capabilities.

IBM will acquire Software AG's StreamSets and webMethods platforms, which make up its "Super Ipaas" business, used by 1,500 customers around the world. The 澳洲幸运5官方开奖结果体彩网:all-cash deal is 🎀expected to be completed by the second quarter of 2024.

IBM said the deal was part of a focus to enhance its AI and hybrid cloud offerings through strategic 澳洲幸运5官方开奖结果体彩网:M&A deals, and that it will add to the data ingesting capabilities of watsonx. IBM cited research from IDC that predicts the worldwide integration software market will exceed $18.0 billion in 2027 at a 澳洲幸运5官方开奖结果体彩网:compound annual growth rate of 16%.

"This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside," said Rob Thomas, Senior Vice President at IBM. 

Software AG is 93.3% owned by private equity firm Silver Lake, which has been involved in a months-long takeover pursuit and announced a simultaneous delisting offer for Software AG at 32 euros ($34.96) per share.

IBM shares were slightly lower on Monday morning but are up nearly 15% year-to-date.