Owners
StreamSets is a software developer of DataOps tools used to manage data pipelines and data integration tasks, including data collection, consolidation, and movement in hybrid environments.
History
2022: Software AG bought StreamSets for 524 million euros
On March 1, 2022, Software AG announced an agreement to acquire a data integration provider for StreamSets analytics for €524 million. The acquisition will be funded by cash and existing Software AG credit lines and should be closed, following regulatory approval, in the first half of 2022.
The Software AG product portfolio encompasses application, API and microservice integration, integration IoT and analytics, ON and tools and services for IT and business transformation. The company also sells its database ADABAS and programming tools. Natural Software AG is transforming itself and its strategic direction within the framework of the multi-year Helix initiative in order to achieve sustainable, profitable growth and achieve annual income of €1 billion by 2023.
StreamSets, a technology partner of Snowflake and Databricks, has raised $76.2 million in four rounds of venture capital funding since its launch in 2014. The company recorded a four-year annual revenue growth of 70% until 2021, Software AG reported, without disclosing actual revenue figures. Software AG plans to benefit from the StreamSets software by offering its customer base already joint solutions, starting with iPaaS, using the product portfolios of both companies, as well as using the operational scale of Software AG to accelerate StreamSets growth.
 | This acquisition is a milestone for Software AG. We are acquiring a fast-growing business in the cloud market, which is growing by 26%. Its technology and team further differentiate our hybrid integration offering for customers and will fully complement our strategy for sustained profitable growth. The StreamSets base in California is also expanding our presence in North America, and I am incredibly excited about the prospect of working together to develop our business, said Software AG CEO Sanjay Brahmawar. |  |
This combination of businesses enables organizations to better disclose and derive value from data as it moves between local applications, data streams, SaaS applications, legacy data warehouses, and cloud-based data platforms such as Amazon RedShift, Databricks, and Snowflake. The combined hybrid platform iPaaS will provide consolidated, consistent, continuous data for intelligent applications and a connected enterprise, the company said in a press release.
The StreamSets DataOps Platform platform complements Software AG's digital business portfolio, which integrates transactional data passing through hybrid application landscapes, Software AG said. According to the company's representatives, the acquisition of StreamSets will also provide Software AG with access to cloud data integration within the broader data integration market, the segment of which grows by 26% per year and is expected to reach $3.5 billion by 2025.[1]
Notes
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