Software AG have announced that they have acquired Built.io, an iPaaS (Integration Platform as a Service) company to boost their Internet of Things offerings. With this acquisition, Software AG will be expanding in developer communities as well as SMB markets to provide a wide range of iPaaS products.
According to Software AG, their webMethods Integration platform allows customers to rapidly integrate systems, services, devices and processes by leveraging the Internet of Things to reach business goals faster. However, the current reach of this platform is limited to only a certain segment of enterprise customers and IT communities since their platform restricts the scope for enterprise-wide participation.
By acquiring Built.Io, Software AG will be opening up webMethods’ integration abilities to any Node.js developer as well as its application and B2B capabilities to developer communities. They also say that this deal will also allow them to expand into the SMB segment and offer a wide range of iPaaS products.
Nishant Patel, CEO, Built.io, commented:
Built.io Flow uses a modern architecture to democratize integration and embed it into any product or SaaS service.
With our leadership in cloud integration and Software AG’s leadership in digital transformation through enterprise integration, we are jointly able to offer customers the world’s most advanced hybrid integration platform.
Software AG are excited to add Built.io’s iPaas offering to their product portfolio. Wolfram Jost, CTO at Software AG, commented:
This is an extremely significant acquisition for Software AG to expand its position in the growing iPaaS market. Cloud integration is at the heart of digital transformation, with 80% of the work in IoT projects related to integration.
In a world of decentralised IT architectures based on microservices, APIs and events, integration is the core capability enabling end-to-end processes and improving customer experiences.
In closing, Software AG said that with Built.io they can offer an embedded cloud-based integration that can be merged into any SaaS application. It will be interesting to see the turn of events after in the IoT (Internet of Things) industry after this deal as well as Fortinet’s launch of IoT security products.