IBM reportedly in talks to acquire data infrastructure company Confluent for $11 billion

IBM is all set to acquire Confluent. According to a report by the Wall Street Journal, IBM is in advanced negotiations to acquire data infrastructure company Confluent. The deal is said to be estimated at $11 billion. The potential acquisition underscores IBM’s push to strengthen its position in cloud computing and data management, areas that have become increasingly critical as enterprises accelerate digital transformation. While the report has not yet been independently verified, it suggests that IBM is prepared to make one of its largest deals in recent years.

Confluent was founded by the creators of Apache Kafka and the company specialises in real-time data streaming platforms. Confluent helps the companies to manage and process data flows across applications.