International Business Machines Corp. (NYSE: IBM) has agreed to buy data-integration platforms StreamSets and WebMethods from Software AG, which is majority owned by Silver Lake Management, for €2.13 billion (about $2.3 billion) in cash in an effort to strengthen its AI and cloud capabilities.

The investment comes as demand increases for cloud services tailored to AI applications, IBM said, according to Bloomberg News. StreamSets allows companies to ingest vast amounts of data for training AI systems, while WebMethods helps companies better manage application planning interfaces — software gateways that allow different systems to interact with each other.