The integration Platform as a Service market has seen three major acquisitions in the first quarter of 2026, signaling rapid consolidation in a sector that has become critical infrastructure for modern enterprises. Total M&A value exceeded $12 billion.
Salesforce acquired Workato for $5.2 billion, strengthening its integration and automation capabilities. ServiceNow purchased Celigo for $3.8 billion to enhance its workflow automation platform. SAP closed its acquisition of Boomi for $3.2 billion, reuniting with its former integration platform.
The acquisitions reflect the strategic importance of integration in an era where the average enterprise uses over 400 SaaS applications. iPaaS platforms serve as the connective tissue linking these disparate systems, making them acquisition targets for major platform vendors.
Independent iPaaS providers like Tray.io, Make (formerly Integromat), and Zapier face an uncertain future as major vendors build or acquire integration capabilities. However, the total addressable market continues to grow, providing opportunity for focused innovators.
Enterprise buyers should evaluate the impact of these acquisitions on their existing integration strategies. Vendor lock-in concerns may increase as iPaaS capabilities become embedded within larger platform ecosystems.
