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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Confluent Inc | NASDAQ:CFLT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.19 | -3.28% | 35.04 | 35.04 | 35.04 | 36.25 | 34.95 | 36.10 | 4,415,464 | 20:16:14 |
The agreement will make Confluent the first data streaming platform available on Jio Cloud Services, delivering the power of real-time data to more businesses in India
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has signed a strategic partnership with Jio Platforms Limited (“Jio”) for Jio Cloud Services. This strategic agreement marks a significant leap in advancing India’s digital capabilities, as data streams are fundamental for real-time and GenAI use cases. Through this agreement:
“We’re on the precipice of rapid transformation in India, and data streaming is a must-have for businesses to stay ahead of consumer trends, including advancements in AI,” said Kiran Thomas, President, CEO, Jio Platforms Limited. “We’re excited to partner with Confluent, the pioneers in this category, to enable our customers to deliver the real-time, intelligent capabilities everyone expects.”
In the 2024 Data Streaming Report, 94 percent of IT leaders in India say data streaming platforms bring new products to market faster, and 95 percent believe they can lead to more innovation in AI development. It’s clear that data streaming is a necessity for business success.
“Confluent with Jio will enable more organizations in India to harness the power of data streaming to fuel their businesses with real-time data and provide better services to its citizens,” said Erica Schultz, President of Field Operations, Confluent. “Partnering with one of India’s most influential and innovative companies is a huge leap forward for making data streaming easily accessible and pervasive. We look forward to partnering with Jio to help organizations advance their digital capabilities with streams of constantly flowing data.”
On Jio Cloud Services, Confluent will deliver on all four fundamental principles of a successful streaming service—to stream, connect, process, and govern data. Together, Confluent and Jio will look to accelerate India’s digital revolution.
About Confluent
Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion—designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations. To learn more, please visit www.confluent.io.
Confluent and associated marks are trademarks or registered trademarks of Confluent, Inc.
Apache® and Apache Kafka® are either registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. No endorsement by the Apache Software Foundation is implied by the use of these marks. All other trademarks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250211610014/en/
Lyn Eyad pr@confluent.io
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