The StreamSets technology perfectly complements the Software AG’s hybrid integration collection. This acquisition helps Software AG in its aim to speed up and enhance its hybrid data integration capabilities.
Software AG announced that it closed a successful acquisition of StreamSets, following regulatory approval. The existing terms of the agreement remain unchanged. The Software AG has now included a thriving SaaS, subscription business, and enterprise-class data integration platform.
What to look forward to
This combination allows organisations to unlock and retain value from their data as it transitions between on-premise applications, legacy data stores, SaaS applications, data streams, and cloud platforms for data storage like Snowflake, Amazon RedShift, and Databricks.
The corporate-level data integration platform, StreamSets, enables the clients to shift data securely and seamlessly between any areas of their online medium, which is manufactured by Software AG’s Digital Business products across the multi-cloud and hybrid environment.
Furthermore, the joint amalgam iPaas platform delivers consolidated and conformed data towards smart apps and connected enterprises.
Words from the CEOs
Sanjay Brahmawar, CEO of Software AG said:
“This acquisition has proved to be extremely beneficial move focused on creating long-term value for our employees, customers, partners, and shareholders. We are welcoming our outstanding colleagues with a track record of innovation and success to start changing the future of data-driven business.”
Girish Pancha, CEO of StreamSets, said:
“We’re delighted to be joining the Software AG family and working with Sanjay and team on this next phase of our growth journey. Our products are made for each other, and we see tremendous opportunity in the convergence of application integration and data integration to deliver smart applications.”
Software AG is also expected to add this acquisition to its organic growth in 2024. With the addition of StreamSets to the organic business, the Group expects total revenue to be successfully ahead of its €1 billion goal.
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