New acquisitions in the US technology industry. IBM is in advanced negotiations to acquire the data infrastructure company Confluent for $11 billion, according to advances The Wall Street Journal. The agreement could be announced this Monday. With this movement, the services of cloud due to the increase in demand.
Shares of Confluent, which at Friday’s close had a market capitalization of more than $8 billion, have soared 31% in the pre-opening of the Nasdaq. IBM, which capitalizes almost 300,000 million, falls 0.2%.
Within its operations, Confluent has created an open source platform used to process massive streams of data in real time, from banking transactions to clicks on websites.
Investors have been wary of IBM, which last October admitted to slower growth in its core cloud software business, raising concerns about the company’s ability to maintain momentum. The blue giant’s shares have risen nearly 40% since the beginning of the year, although in the last month they have fallen slightly.
Analysts believe IBM will need higher software performance to maintain overall growth.
In this sense, its acquisition strategy continues to be highly reviewed by the market in order to meet investor expectations. In 2024, IBM purchased HashiCorp for $6.4 billion, expanding its offering in cloud to capture the growing demand driven by artificial intelligence.
Under Arvind Krishna, IBM has focused on software, aiming to capitalize on increased investment in cloud services.
The bid for Confluent once again highlights interest in data infrastructure companies, driven by the corporate race to develop generative AI. an agreement to acquire software maker Informatica for $8 billion, with the goal of .
