MARKET MOVEMENT
Confluent announces intent to acquire Immerok
Jay Kreps , Co-Founder and CEO , Confluent
Confluent , a data streaming pioneer , has announced that it has signed a definitive agreement to acquire Immerok .
Immerok is a leading contributor to Apache Flink , a powerful technology for building stream processing applications and one of the most popular Apache open-source projects . Immerok has developed a cloud-native , fully managed Flink service for customers looking to process data streams at a large scale and deliver real-time analytical insight .
Immerok leadership includes multiple Flink Project Management Committee members and Committers for the open-source technology and would add extensive stream processing expertise to the Confluent team upon the closing of the transaction .
Immerok ’ s investors have included Cusp Capital , 468 Capital and Cortical Ventures .
With Immerok , Confluent plans to accelerate the launch of a fully managed Flink offering that is compatible with its market-leading managed Kafka service , Confluent Cloud . Thanks to Flink , Kafka Streams and ksqlDB , offerings available natively on Confluent , customers are expected to soon have access to the three leading stream processing tools designed specifically to process and enrich data in real-time .
Jay Kreps , Co-Founder and CEO of Confluent , said : “ Our planned acquisition of Immerok will accelerate our ability to bring one of the most popular and powerful stream processing engines directly into Confluent .”
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AVEVA confirms completion of its acquisition by Schneider Electric
AVEVA , a global leader in industrial software , has completed its acquisition by Schneider Electric , a leading global industrial company specialising in digital automation and energy management .
AVEVA ’ s strategic focus is on becoming the number one SaaS provider of software and industrial information and evolving to a subscription-only business model . The acquisition will accelerate that transition .
While AVEVA will now be wholly owned and part of Schneider Electric , intentions have been set out to preserve AVEVA ’ s business autonomy , future R & D investment and enhancing the potential benefits for customers and meeting their needs faster with a stronger portfolio of solutions .
Peter Herweck , CEO of AVEVA , said : “ The needs of the industrial world are becoming ever more complex . But the opportunities to create competitive advantage , value and sustainability through
Digital Transformation have never been more compelling .”
Since its foundation , AVEVA has grown from a niche design software developer to a leading global industrial software company with a value of more than £ 10 billion .
Philip Aiken , Chairman of AVEVA , said : “ I ’ d like to thank the board , our employees , customers , partners and investors for their contributions and support and to wish AVEVA continued success as part of Schneider Electric .”
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