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What Remains of Software AG? A Guide to Its Portfolio Sales

Software AG’s former portfolio was sold in stages. IBM acquired webMethods and StreamSets; Software GmbH named ARIS and Adabas & Natural as continuing standalone businesses.
From TheFinanceBase Team2 min to read
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Most businesses associated with Software AG’s former portfolio were sold or divested in 2024 and early 2025. The businesses Software GmbH named as continuing were ARIS and Adabas & Natural, which it said would operate independently. Software AG did not simply disappear: Cumulocity described the name as a trademark of Software GmbH.

What happened to Software AG’s businesses?

The changes came in stages rather than as one sale. In July 2024, IBM completed its acquisition of webMethods and StreamSets. By January 7, 2025, Software GmbH said it had also closed sales of Alfabet and Cumulocity, following earlier divestments of TrendMiner, webMethods, and StreamSets. The announcement identified ARIS and Adabas & Natural as the businesses that would continue under Software GmbH.

In the IBM filing for the quarter ended June 30, 2024, IBM reported consideration of approximately $2.3 billion (€2.13 billion) for webMethods and StreamSets. IBM said the acquisition closed on July 1, 2024, after regulatory approvals. IBM’s completion announcement confirms the date; the amount is stated in its quarterly SEC filing.

Who acquired each business?

Business What the available announcements establish
webMethods and StreamSets IBM completed their acquisition on July 1, 2024. IBM reported approximately $2.3 billion (€2.13 billion) in cash for the two businesses in its filing for the quarter ended June 30, 2024.
TrendMiner Software GmbH’s January 7, 2025 announcement identifies it as one of the July 2024 divestments; the announcement does not establish the buyer or consideration.
Alfabet Software GmbH said the sale had closed by January 7, 2025; that announcement does not establish the buyer or consideration.
Cumulocity Software GmbH said its sale had closed by January 7, 2025. On January 20, 2025, Cumulocity announced that its management team had acquired the business, backed by Avedon, Schroders Capital, and Verso Capital.

The dates and continuing-business description come from Software GmbH’s January 7, 2025 announcement. Cumulocity’s later announcement provides the management-buyout detail and says Software AG is now a trademark of Software GmbH: Cumulocity’s January 20, 2025 announcement.

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What remained under Software GmbH?

Software GmbH named two businesses for its standalone strategy: ARIS and Adabas & Natural (A&N), each to have its own management team. The company’s statement was: “This change is part of the group’s strategy to operate Adabas & Natural (A&N) and ARIS as standalone businesses, each led by its own management team.” That describes the named continuing portfolio, but does not establish that no other assets or central functions remained.

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What this means for customers

A change in ownership does not, by itself, answer whether a customer’s contract, support arrangement, product roadmap, or migration options changed. The transaction announcements establish portfolio ownership moves, not current customer terms. Customers should check the relevant business’s current official documentation and contact their account representative about contract continuity, support responsibilities, roadmap commitments, and any integration or migration choices.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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