By Reuters | Updated: 27 December 2023
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)
