Summary
CFLT stock price: IBM deal to buy Confluent for $11 billion shows investors still think AI is popping
IBM announced on Monday it is acquiring Confluent for $11 billion, sending shares of the data streaming platform up about 29% in morning trading.
Why Shares of AI Data Software Company Confluent Are Soaring on Monday
Shares of Confluent (CFLT) surged Monday morning after IBM (IBM) announced a deal to acquire the software maker for $31 per share, valuing Confluent at $11 billion.
Confluent Stock Surges on Multi-Billion IBM Acquisition
After a few months of takeover rumors , it finally happened.
Confluent, Inc. (CFLT) FAQ
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Confluent, Inc. Profile
| Transportation Infrastructure Industry | Industrials Sector | Edward Kreps CEO | NASDAQ (NGS) Exchange | 20717M103 CUSIP |
| US Country | 3,060 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Confluent, Inc. is a leading provider of data streaming platforms, catering to a global clientele. The company specializes in enabling the seamless connection of applications, systems, and data layers through its sophisticated platforms. Confluent offers two primary solutions: Confluent Cloud, a cloud-native, managed software-as-a-service, and Confluent Platform, a self-managed, enterprise-grade software. Initially known as Infinitem, Inc., the organization rebranded to Confluent, Inc. in September 2014. Founded within the same year, it has established its headquarters in Mountain View, California. Confluent's innovative services are designed to support a diverse range of industries including banking, financial services, retail, e-commerce, manufacturing, automotive, communication, gaming, public sector, insurance, and technology.
Products and Services
- Confluent Cloud: This managed cloud-native software-as-a-service offers a highly scalable and reliable solution for data streaming, catering to businesses looking to leverage the cloud for data operations without the complexities of managing the infrastructure.
- Confluent Platform: An enterprise-grade, self-managed software that provides companies with comprehensive tools to connect, process, and analyze data in real time, facilitating the creation of dynamic, data-driven applications.
- Connectors: Confluent offers connectors to streamline the integration of existing applications, IT, and cloud infrastructure, ensuring efficient data flow across various platforms and systems.
- Apache Flink services: This service enables teams to build reusable data streams that can be delivered in real-time, enhancing the capacity for real-time analytics and data processing.
- ksqlDB: A data-in-motion database utilizing SQL statements to facilitate the building of data-in-motion applications, enabling users to execute complex data processing tasks efficiently.
- Stream Governance: A suite tailored for streaming data governance, designed to help teams accelerate their data streaming initiatives while maintaining compliance with risk management and regulatory requirements.
- Stream Designer: This tool allows for the visual building of streaming data pipelines, simplifying the design process and enabling more efficient development of data-infrastructure.
- Professional Services: Confluent offers packaged and residency services, providing expert guidance and support for businesses to optimize their data streaming platforms.
- Education Offerings: The company provides both instructor-led and self-paced training, alongside certification guidance. This includes technical resources and access to hands-on training, enabling individuals and teams to develop their skills in data streaming.
- Certification Programs: Confluent’s certification programs are designed to formalize the expertise of professionals in data streaming, ensuring they meet the high standards required for effective data management and analysis.
Contact Information
