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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.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
