IBM acquires Israel's Databand.ai to offer enterprises catch "bad data" at source

  • IBM (NYSE:IBM) announced Wednesday that it has completed the acquisition of Israel-based proactive data observability platform- Databand.ai.
  • Financial details of the deal were not disclosed.
  • Based in Tel Aviv, Israel, Databand.ai. helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line.
  • This comes as IBM's fifth acquisition in 2022 as it continues its efforts to bolster its hybrid cloud and AI skills and capabilities. Earlier, IBM acquired data analytics software provider Envizi.
  • "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," said Daniel Hernandez, General Manager for Data and AI, IBM.
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