IBM to Acquire Confluent
3 days ago
- #FedRAMP
- #IBM-Acquisition
- #Data-Streaming
- Confluent has signed an agreement to be acquired by IBM for $31.00 per share in an all-cash deal.
- Confluent will continue to operate as a distinct brand and business within IBM post-acquisition.
- The acquisition aims to provide a unified platform for enterprises, accelerating AI adoption and real-time data processing.
- IBM's history with open-source acquisitions (Red Hat, HashiCorp) aligns with Confluent's values and technical leadership.
- Confluent's mission remains unchanged, with the acquisition expected to amplify its impact and scalability.
- The deal is expected to close by mid-2026, pending regulatory approvals and customary closing conditions.
- Confluent's CEO, Jay Kreps, emphasizes the company's culture, products, and team as key strengths moving forward.
- Confluent achieves FedRAMP Ready status for Confluent Cloud for Government, enhancing secure data streaming for government agencies.