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Tech Giants Mega-Merger: SoftTech Acquires CloudWorks for $12 Billion

Summary

SoftTech announced today it is acquiring CloudWorks in a $12 billion deal, marking one of the largest mergers in the tech sector this year. The acquisition, expected to close by Q3

SoftTech announced today it is acquiring CloudWorks in a $12 billion deal, marking one of the largest mergers in the tech sector this year. The acquisition, expected to close by Q3 2026, will combine SoftTech’s software solutions with CloudWorks’ cloud infrastructure services. Bloomberg reports that the merger aims to enhance cloud capabilities and expand SoftTech’s market share globally. Analysts predict the deal will reshape competition in cloud computing, challenging leaders like Amazon Web Services and Microsoft Azure. Shareholders of both companies have approved the transaction, signaling strong confidence in the merger’s strategic benefits.
Feb 17Verified by Sobiya
Tech Giants Mega-Merger: SoftTech Acquires CloudWorks for $12 Billion

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