Software AG (as succeeded by Mosel Bidco AG), sold its webMethods and StreamSets business, an AI-enabled integration platform, bringing together APIs, application, data, B2B, and events integration capability, enabling innovation and driving agility, productivity and governance across the modern hybrid enterprise (“Target”) to IBM for €2.13 billion. Paksoy acted as local counsel to Software AG, along with Simpson Thacher & Bartlett London acting as global counsel for the multijurisdictional transaction.
The Target is a technology leader in application integration, API management, and data integration, serving more than 1,500 clients across the globe.
Paksoy is pleased to announce that a team led by partner Nazlı Bezirci and senior associate Melisa Sevinç Atılganer, acted as Turkish counsel to Software AG on this transaction.
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