IBM to acquire $ 11B as it seeks to offer data

IBM is to buy a data infrastructure company for $11 billion in a bid to disrupt data and automation products as more companies move ABA operations and deploy AI technology.

The tech giant said it would offer $31 for each of its shares, which is about 50% more than the smaller company’s shares on Friday, before news of the deal.

Confluent offers a platform that helps companies manage data in real-time, exploding use cases using AI, which require significant data processing for inforcing.

IBM says it complements its data and automation products, as well as expanding its existing offerings in AI, automation, data, and consulting. The company expects the transaction to be accretive to EBITDA and free cash flow in the two years after the deal closes.

This is the latest in a string of deals IBM has now sought to find capital for AI $ 11 billion, confluent will be the largest purchase of the year, after the acquisition Hashicorp in 2024.

IBM in October entered into a transaction with AI Lab Anthropic To deploy a large Claude language model to several products; Already mainnered With AMD to develop a new computing architecture that integrates quantum systems with ai chips; and that’s it acquired Personal Data Data Seeking AI in June.