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New Deal


Announced

Completed

IBM completed the acquisition of StepZen.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Software

software development

GraphQL server

United States

Private

Single Bidder

Acquisition

Domestic

Friendly

Synopsis

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IBM, an American multinational technology corporation, completed the acquisition of StepZen, a distinct GraphQL server. Financial terms were not disclosed. The rising adoption of hybrid cloud has resulted in data stored everywhere – in different types of data stores likes data warehouses, lakes, and lakehouses as well as across different clouds and on-premises environments. APIs serve as the essential connector between different data sources and applications, which means that businesses are relying on and creating more APIs than ever before to get the data they need to power their applications and experiences.

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