Software AG eyes sale of further platforms after IBM deal -Handelsblatt

Software AG

27/12/2023 09:36

BERLIN, Dec 27 (Reuters) - Germany's Software AG
 SOWGn.DE  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.
    In addition, options are being examined for its Alfabet
software, the report said.
    Trend Miner is used for data analysis for industry,
Cumulocity is a software used for the 'Internet of Things' and
Alfabet helps with the visualisation of company architecture.
    Software AG was not immediately available for comment.
    The German software firm earlier this month said that it had
agreed to sell its StreamSets and webMethods platforms to IBM.
    Silver Lake had simultaneously announced its delisting offer
for Software AG at 32 euros ($35.34) per share, the expected
next step following its takeover this year.
  


($1 = 0.9054 euros)

 (Reporting by Elke Ahlswede
Writing by Miranda Murray
Editing by Rachel More)
 ((elke.ahlswede@thomsonreuters.com))