Previous close | 37.10 |
Open | 36.74 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's range | 36.68 - 37.50 |
52-week range | 19.02 - 39.22 |
Volume | |
Avg. volume | 26,184 |
Market cap | 2.771B |
Beta (5Y monthly) | 0.78 |
PE ratio (TTM) | 161.30 |
EPS (TTM) | 0.23 |
Earnings date | 25 Apr 2024 - 29 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 29.90 |
Germany's Software AG has invited competitors and investors to submit bids for two software platforms and is looking at options for a third one, the Handelsblatt daily reported on Wednesday, citing sources familiar with the talks. Software AG, which is majority-owned by private equity firm Silver Lake, is looking for interested parties for its Trend Miner and Cumulocity platforms, according to Handelsblatt. Software AG was not immediately available for comment.
IBM said on Monday that it would buy Software AG's enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software AG's StreamSets and webMethods platforms with available cash on hand, it said. The two units formed Software AG's so-called "Super Ipaas" business, which was launched in October.
IBM (NYSE: IBM) today announced that it has entered into a definitive agreement with Software AG (FRA: SOW), a company majority owned by Silver Lake, to purchase StreamSets and webMethods, Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms, for €2.13 billion in cash.