
Confluent is a data streaming platform owned by IBM (NYSE: IBM), which completed its $11 billion acquisition of Confluent, Inc. on March 17, 2026. Founded in 2014 by Apache Kafka creators Jay Kreps, Neha Narkhede, and Jun Rao, Confluent commercializes Kafka as a cloud service for more than 6,500 enterprises. It traded on NASDAQ as CFLT until the IBM acquisition.
Parent Company
Acquired
2026
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Confluent | International Business Machines Corporation | Wholly owned |
Jay Kreps, Neha Narkhede, and Jun Rao built Apache Kafka inside LinkedIn around 2010 to move the flood of activity data that LinkedIn's monolithic systems could not handle. They open-sourced Kafka in 2011, and it quickly became a standard for event streaming.
The three left LinkedIn in 2014 to found Confluent, betting that enterprises would pay for Kafka as a managed platform rather than run it themselves. Early revenue came from support subscriptions and enterprise features around open-source Kafka.
Confluent Cloud, the fully managed service launched in 2017, changed the trajectory. The company went public on NASDAQ in June 2021 under the ticker CFLT at a valuation near $9 billion, riding the market's enthusiasm for cloud infrastructure.
The public years mixed strong cloud growth with persistent GAAP losses. Confluent expanded beyond Kafka into stream processing with Apache Flink, data governance, and Tableflow for feeding lakehouse tables. Revenue grew from $388 million in FY2021 to $1.167 billion in FY2025, with subscription revenue of $1.12 billion and cloud revenue of $624 million.
In October 2025 reports surfaced that Confluent was exploring a sale. IBM emerged as the buyer, announcing the $11 billion agreement on December 8, 2025 and closing March 17, 2026. Co-founder and CEO Jay Kreps joined IBM to continue leading the Confluent business.
What does IBM own?
IBM's primary brands include IBM (corporate and enterprise technology), Red Hat (enterprise Linux and OpenShift hybrid cloud platform, acquired in 2019 for $34 billion), watsonx (enterprise AI platform launched in 2023), and IBM Z (mainframe computing systems). The company also operates IBM Consulting, IBM Research, and IBM Cloud. IBM spun off Kyndryl (managed infrastructure services) as an independent company in 2021.
Is IBM publicly traded?
Yes. IBM is listed on the New York Stock Exchange (NYSE: IBM) and has been publicly traded since 1915. The company has a standard single-class share structure with one vote per share. Major institutional shareholders include Vanguard Group (approximately 9-10%), BlackRock (approximately 8-9%), and State Street Corporation (approximately 6-7%). No single shareholder holds a controlling stake.
Who founded IBM?
IBM was founded on June 16, 1911, by Charles Ranlett Flint as the Computing-Tabulating-Recording Company (CTR) through the merger of four companies. Thomas J. Watson Sr. joined in 1914 and transformed the company, renaming it International Business Machines Corporation in 1924. Watson established the corporate culture, sales practices, and focus on tabulating machines that defined IBM for decades.
Where is IBM headquartered?
IBM is headquartered in Armonk, New York, USA, in Westchester County approximately 40 miles north of Manhattan. The company's corporate campus has been in Armonk since 1964. IBM operates major offices and research laboratories worldwide, including locations in Austin, Texas; Raleigh, North Carolina (Red Hat headquarters); San Francisco, California; Zurich, Switzerland; and Bangalore, India.
How many brands does IBM own?
IBM owns 4 major brands: IBM (corporate and enterprise technology), Red Hat (enterprise Linux and OpenShift), watsonx (enterprise AI platform), and IBM Z (mainframe computing). The company also operates IBM Consulting, IBM Research, IBM Cloud, and IBM Power Systems as product lines under the IBM brand. Kyndryl, formerly part of IBM, was spun off as an independent company (NYSE: KD) in 2021.
Who owns IBM?
IBM is publicly traded on the NYSE with no controlling shareholder. Major institutional shareholders include Vanguard Group (approximately 9-10% of shares), BlackRock (approximately 8-9%), State Street Corporation (approximately 6-7%), and various other institutional investors. The company has a standard single-class share structure with one vote per share. Arvind Krishna serves as Chairman and CEO.
What is IBM's revenue?
IBM reported FY2025 revenue of $67.5 billion, up 8% year over year. Software revenue was approximately $28.0 billion (up 11%), Consulting revenue approximately $22.0 billion (up 2%), and Infrastructure revenue approximately $17.5 billion (up 12%). The company's generative AI book of business exceeded $12.5 billion. FY2025 free cash flow was $14.7 billion, up 16% year over year. Q4 2025 revenue was $19.7 billion, up 12% year over year.
What is watsonx?
watsonx is IBM's enterprise AI platform, launched in 2023. It includes watsonx.ai (for building and training AI models), watsonx.data (for data preparation and governance), and watsonx.governance (for AI compliance and oversight). watsonx is differentiated from consumer AI platforms by its focus on enterprise requirements including AI governance, data sovereignty, regulatory compliance, and integration with existing enterprise systems. The watsonx brand replaced the earlier Watson brand, which had been associated with mixed commercial results.
No direct competitors found in the same category. This could be because Confluentoperates in a unique market segment or we're still building our competitor database.
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