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Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
The acquisition is consistent with Big Blue’s hybrid cloud and AI strategy.
IBM expects dramatic growth for data and applications by 2028. It expects global data will more than double and more than one billion new apps will emerge.
The addition of Confluent will complement IBM’s data and automation portfolio.
“IBM and Confluent together will enable enterprises to deploy generative and agent AI better and faster by providing trusted communications and data flow between environments, apps and API,” said IBM CEO Arvind Krishna.
Confluent has more than 6,500 clients including Citibank, Walmart, Domino’s, Whirlpool, BWG Group, Dick's Sporting Goods and Goldman Sachs.
Joele Frank, Wilkinson Brimmer Katcher partners Joe Sala and Jed Repko, and managing directors Fouad Boutros and Haley Salas, represent Confluent.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
