IBM buys Israeli data observability co Databand.ai for USD150 million
US tech giant IBM announced it has acquired Israeli provider of data observability software company Databand.ai, to expand data capabilities.
Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality.
The acquisition of Databand.ai is IBM’s fifth acquisition this year and it builds on IBM’s research and development investments as well as strategic acquisitions in AI and automation.
Cravath acted for IBM and Yigal Arnon-Tadmor Levy as local counsel, led by partners Barry Levenfeld, Ben Sandler and David Roness with associate Tani Sterman.
Databand.ai was represented by Goldfarb Seligman partners Danny Dilbary, Amir Yariv, Gal Dayan-Sion and Ronen Hausirer, senior counsel Daniel Kahn, associate Aviram Farjun.
