IBM acquired Software AG's cloud computing and artificial intelligence assets for US$2.33 billion. This move will significantly enhance IBM's strength in the fields of artificial intelligence and cloud computing. The transaction is expected to be completed in the second quarter of 2024. The move comes as the global integrated software market is booming, expected to exceed $18 billion by 2027. The acquisition heralds continued growth in investment by tech giants in artificial intelligence and cloud computing, as well as fierce competition for market share. IBM's move will undoubtedly have a profound impact on its future strategic layout and market competitiveness.
IBM announced the acquisition of Software AG's cloud computing and artificial intelligence assets for US$2.33 billion, a move that will enhance IBM's artificial intelligence and cloud computing capabilities. The transaction is expected to close in the second quarter of 2024. The global integration software market is expected to exceed $18 billion by 2027.
This acquisition reflects the importance of artificial intelligence and cloud computing technology in today's technology field, as well as IBM's active layout for future market development. The successful completion of this transaction will have a positive impact on IBM's long-term development and market competitiveness, and deserves the industry's continued attention to its subsequent development.