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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.
Matt Ward, who was head of US communications & corporate media relations at HSBC, has joined FTI Consulting’s PR operation unit in New York.
C Street Advisory Group is providing strategic communications services to STG Logistics as the Columbus-based trucking company files for Chapter 11.
Dollar Tree has named Daniel Delrosario senior VP-investor relations & treasurer.
C Street Advisory Group and Publicis' Groupe's Kekst CNC unit work the Chapter 11 filing of Saks Global Holdings as the luxury retailer evaluates its "operational footprint."
Nashville’s Wortman Works is handling Old Glory Bank, which bills itself as the online bank for freedom-loving Americans, as it goes public via a $250M SPAC deal with Digital Asset Acquisition Corp.
