IBM to acquire Confluent for $11B as it seeks to bolster its data offerings

IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.

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mlive

IBM to expand artificial intelligence services after $11 billion deal

IBM acquired cloud software maker HashiCorp for $6.4 billion in 2024 and Apptio in a deal worth $4.6 billion in 2023. IBM says the deal builds on those investments. Shares of Confluent soared 29% while IBM stock climbed about 1% upon the news, according to CNBC.
The Business Times

IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms

Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models Read more at The Business Times.
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