Analyst Hails Confluent's Plans To Acquire Apache Flink Vendor Immerok To Boost Streaming Capabilities

On Friday, Confluent, Inc CFLT shared plans to acquire Apache Flink vendor Immerok.
KeyBanc analyst Michael Turits is positive on the acquisition enabling the popular open-source stream processing technology as it will further strengthen Confluent's real-time data streaming and streaming analytics platform.
Further, it may provide an even more robust managed services offering versus the alternative DIY approach through a combination of open-source Kafka and open-source Flink and, therefore, greater adoption from the 100,000+ organizations using open-source Kafka.
Apache Flink will expand on Confluent's existing stream processing capabilities offered through ksqlDB and Kafka Streams.
While there may be some capabilities overlap between Flink and ksqlDB and Kafka Streams, Turits believe Flink is a more mature stream processing technology with more robust analytic capabilities and dominant market momentum.
While management noted it would continue to invest in Kafka Streams and ksqlDB, it seems uncertain what the addition of Flink means for the future success of Kafka Streams.
Confluent plans to launch its first version of Flink in Confluent Cloud later this year.
The parties did not disclose the terms and financial impact of the acquisition.
Immerok is a pre-revenue company with 20+ employees.
Price Action: CFLT shares traded higher by 5.31% at $19.15 on the last check Monday.

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