IBM to acquire Confluent for $11B
Digest more
IBM Cloud Sync supports AWS' Route 53 DNS service. Future releases will add support for Microsoft Azure, Google Cloud, Cloudflare, and other DNS services.
IBM is in advanced talks to acquire Confluent for about $11 billion, aiming to enhance its cloud services capabilities. The acquisition aligns with IBM's strategy to focus on software, capitalizing on rising demand for data infrastructure driven by generative AI developments.
In a significant development within the tech industry, IBM is reportedly in advanced discussions to acquire Confluent, a leading data-infrastructure company, for approximately $11 billion. This strategic move, aimed at bolstering IBM's cloud capabilities, reflects the growing demand for cloud services in today's data-driven environment.
As a result, it will be significantly easier to integrate and manage all of an organization's on-and-off premise resources, and will allow a task that once took several months to be done in a few days. “As a user of IBM WebSphere Cast Iron, we have been ...
(Note: After an award-winning career in the media business covering the tech industry, Bob Evans was VP of Strategic Communications at SAP in 2011, and Chief Communications Officer at Oracle from 2012 to 2016. He now runs his own firm, Evans Strategic ...
IBM's third quarter revenue missed expectations as its cognitive solutions and technology services and cloud platforms units saw declines from a year ago. Big Blue reported earnings of $2.94 a share on revenue of $18.8 billion, down 2 percent from a year ago.
The IBM SmartCloud for Education is a set of cloud services and offerings designed to help education systems leverage predictive analytics to get real-time insights on student and institutional performance, enhance researcher effectiveness, and alleviate ...