IBM announced Monday that it will purchase US data management company Confluent for $11 billion, seeking to expand its footprint into the increasingly important field of real-time data for AI.
The acquisition will combine IBM’s AI and cloud computing capabilities with Confluent’s real-time data streaming platform, which helps businesses connect and process data across different systems.
“IBM and Confluent together will enable enterprises to deploy generative and agentic AI better and faster,” IBM chief Arvind Krishna said in a statement.
Confluent, based in Mountain View, California, has more than 6,500 clients, including over 40 percent of Fortune 500 companies.
Under the deal, IBM will pay $31 per share in cash for all outstanding Confluent stock, the companies said in a joint statement.