"IBM announced on Monday it is acquiring Confluent for $11 billion, sending shares of the data streaming platform up about 29% in morning trading. By midday trading, at the time of this writing, Confluent (CFLT) stock was holding steady, up 29%. International Business Machines Corporation (IBM) stock was up about 1.5%. Confluent provides a leading open-source enterprise data streaming platform that connects, processes, and governs reusable and reliable data and events in real time, foundational for the deployment of AI."
""Data is at the heart of what companies need to do to harness AI, modernize their operations, and build the next generation of applications; and Confluent is at the heart of what companies need to harness their data," Confluent CEO Jay Kreps said in a statement. "IBM sees the same future we do: one in which enterprises run on continuous, event-driven intelligence, with data moving freely and reliably across every part of the business.""
IBM is acquiring Confluent for $11 billion in an all-cash deal at $31 per share, with Confluent set to remain a distinct brand and business within IBM pending regulatory approval. Confluent delivers an open-source enterprise data streaming platform that connects, processes, and governs reusable, reliable data and events in real time, positioning data as foundational for AI deployment. IBM positions the acquisition as a strategic move to enhance enterprise capabilities for generative and agentic AI by ensuring trusted communication and data flow across environments, applications, and APIs. Confluent shares rose sharply on the announcement while IBM stock saw modest gains.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]