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Announced

Completed

IBM completed the acquisition of Databand.ai.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Completed

Friendly

it consulting

Domestic

it services

Majority

Single Bidder

IT Services: Other

Israel

Synopsis

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IBM, a hybrid cloud and AI, and business services provider, completed the acquisition of Databand.ai, a provider of data observability software. Financial terms were not disclosed. "You can't protect what you can't see, and when the data platform is ineffective, everyone is impacted –including customers. hat's why global brands such as FanDuel, Agoda and Trax Retail already rely on Databand.ai to remove bad data surprises by detecting and resolving them before they create costly business impacts. Joining IBM will help us scale our software and significantly accelerate our ability to meet the evolving needs of enterprise clients," Josh Benamram, Databand.ai Co-Founder and CEO.

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