IBM Completed Databand.ai Acquisition

IBM announced it has acquired Databand.ai. This should further strengthen IBM's software portfolio across data, AI, and automation. Databand.ai is IBM's fifth acquisition in 2022. The tech giant has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.

Databand.ai's open and extendable approach allows data engineering teams to easily integrate and gain observability into their data infrastructure. This acquisition will unlock more resources for Databand.ai to expand its observability capabilities for broader integrations across more of the open-source and commercial solutions that power the modern data stack. Enterprises will also have full flexibility in how to run Databand.ai, whether as-a-Service (SaaS) or a self-hosted software subscription.

"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 at 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.

"You can't protect what you can't see, and when the data platform is ineffective, everyone is impacted -including customers," said Josh Benamram, Co-Founder and CEO of Databand.ai. "That'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.