Software AG acquires StreamSets in €524+ million deal

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Darnstadt-based process management, data management, and consulting services provider Software AG has acquired dataops platform StreamSets for €524 million, plus a customary retention package awarded to the latter’s senior management team.

The transaction is expected to close before H1 of this year.

As the first stop on Software AG’s M&A strategy to strengthen its position in a €61 billion total addressable market, the acquisition of StreamSets now gives the company entry to the cloud data integration sector.

A sector that is seeing an annual growth rate of 26 percent, and is projected to reach $3.5 billion within the next three years.

As a demonstration of just how strong a feather this now represents in Software AG’s cap, StreamSets has seen revenues grow at a four-year CAGR of over 70 percent through 2021.

Read more on Tech Gist Africa:

Valoreo Approaches Unicorn status with a $80M Series B

Medication Intelligence Platform Synapse Medicine Raises €25M

Payhawk adds an additional $100M to an already impressive $115M Series B round

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This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy. StreamSetsu00a0for u20ac524 million, plus a customary retention package awarded to the latteru2019s senior management team.rnrnThe transaction is expected to close before H1 of this year.rnrnAs the first stop on Software AGu2019s M&A strategy to strengthen its position in a u20ac61 billion total addressable market, the acquisition of StreamSets now gives the company entry to the cloud data integration sector.rnrnA sector that is seeing an annual growth rate of 26 percent, and is projected to reach $3.5 billion within the next three years.rnrnAs a demonstration of just how strong a feather this now represents in Software AGu2019s cap, StreamSets has seen revenues grow at a four-year CAGR of over 70 percent through 2021.rnrn rnrnRead more on Tech Gist Africa:rnrnValoreo Approaches Unicorn status with a $80M Series Brnrn Medication Intelligence Platform Synapse Medicine Raises u20ac25Mrnrn Payhawk adds an additional $100M to an already impressive $115M Series B round”,”author”:{“@type”:”Person”,”name”:”Femi Thomas”,”url”:”https://www.techgistafrica.com/author/femithomas/”},”articleSection”:[“Europe”],”image”:{“@type”:”ImageObject”,”url”:”https://www.techgistafrica.com/wp-content/uploads/2022/03/StreamSets-.jpg”,”width”:964,”height”:544},”publisher”:{“@type”:”Organization”,”name”:””,”url”:”https://www.techgistafrica.com”,”logo”:{“@type”:”ImageObject”,”url”:””},”sameAs”:[“https://www.facebook.com/techgistafrica/”,”https://twitter.com/techgist_africa”,”https://www.instagram.com/techgistafrica/”,”https://www.linkedin.com/company/techgist-africa”]}}]]>

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