TechTaffy

tech:

taffy

IBM acquires StreamSets and webMethods for $2.30B

By TechTaffy Desk

IBM announced a definitive agreement to purchase StreamSets and webMethods, enterprise technology platforms from Software AG, for €2.13 billion in cash (approximately $2.30 billion).

StreamSets, a DataOps and data ingestion platform, offers access and delivery of data across various sources and types. The platform supports the design of data pipelines and the ingestion of real-time and batch data.

WebMethods, on the other hand, is an integration and API management platform, providing solutions for B2B integration, managed file transfer, and API gateway management.

The transaction is subject to customary closing conditions and regulatory approvals. It is expected to be completed in the second quarter of 2024, following a 20-year relationship between IBM and Software AG.

StreamSets and webMethods currently serve over 1,500 clients globally and are considered integral to IBM’s focus on hybrid cloud and AI solutions.

[Image courtesy: Software AG]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.