RESEARCH TRIANGLE PARK – IBM continues its aggressive acquisition strategy under Chair and CEO Arvind Krishna, acquiring an Israel-based data firm that utilizes artificial intelligence to “fix issues” with data such as errors and other problems.
Databand.ai is the fifth buy Big Blue has made this year. The tech giant has acquired more than 25 firms under Krishan’s direction over the past two years.
Financial terms were not disclosed. The deal closed on June 27.
“Our clients are data-driven enterprises who rely on high-quality, trustworthy data to power their mission-critical processes. When they don’t have access to the data they need in any given moment, their business can grind to a halt,” said Daniel Hernandez, General Manager for Data and AI, IBM. “With the addition of Databand.ai, IBM offers the most comprehensive set of observability capabilities for IT across applications, data and machine learning, and is continuing to provide our clients and partners with the technology they need to deliver trustworthy data and AI at scale.”
For more details about the deal and the newest IBM addition, read details online.
IBM continues to expand its footprint in artificial intelligence and the cloud.
The owner of Raleigh-based Red Hat operates one of its largest corporate campuses in RTP and employs thousands of people across North Carolina.
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