Software AG Explores Sale of Key Platforms and Considers Strategic Options
Germany’s Software AG is actively seeking bids from competitors and investors for two of its software platforms, with a potential consideration for a third, as reported by Handelsblatt. The company, primarily owned by private equity firm Silver Lake, is exploring options for its Trend Miner and Cumulocity platforms, both utilized for data analysis in different industries, and its Alfabet software, which aids in visualizing company architecture.
The Trend Miner platform focuses on data analysis for industrial applications, while Cumulocity is dedicated to ‘Internet of Things’ (IoT) software. Alfabet, on the other hand, supports the visualization of company architecture. Software AG is currently open to proposals and invites interested parties to participate in the bidding process.
This move comes shortly after recent announcement of the sale of its StreamSets and webMethods platforms to IBM. Additionally, Silver Lake has proposed a delisting offer for Software AG at 32 euros ($35.34) per share, marking the next anticipated step following its takeover earlier this year.
Software AG has not provided an immediate comment on the matter. The company’s strategic decisions and divestitures underscore the dynamic landscape of the software industry and its response to emerging market trends.
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