Software AG plans to sell additional platforms following IBM’s deal

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Software AG plans to sell additional platforms following IBM's deal
Software AG plans to sell additional platforms following IBM's deal

Software AG is evaluating options for a third software platform and has invited competitors and investors to submit bids for two of them.

Germany’s Software AG has asked rivals and investors to submit bids for two software platforms and is considering alternatives for a third, it was reported on Wednesday.

According to a source, Software AG, which is mostly owned by the private equity firm Silver Lake, is seeking interested parties for its Cumulocity and Trend Miner platforms.

Furthermore, possibilities for its Alfabet software are being investigated, according to the report.

Alfabet aids in the visualization of corporate architecture; Cumulocity is a program for the “Internet of Things,” and Trend Miner is used for industrial data analysis.

Earlier this month, the German software company announced that it had reached an agreement to sell IBM’s platforms, webMethods, and StreamSets.

Simultaneously, Silver Lake declared its intention to delist Software AG at a price of 32 euros ($35.34) per share, which was anticipated as the next step after its acquisition this year.

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