Valuation analysis for IBM merger names 21 software peers including Splunk, HashiCorp, and Informatica.

{
  "signal_id": "758395a3-4891-47d5-83b9-14d085be1eb6",
  "signal_type": "sec-8k",
  "signal_subtype": "competitorNamed",
  "detected_at": "2026-02-10T08:55:28.977+00:00",
  "company": {
    "name": "Confluent",
    "domain": "confluent.io"
  },
  "data": {
    "detail": "As part of the merger justification, Confluent's financial advisor, Morgan Stanley, compiled a list of 21 precedent M&A transactions in the software sector. This provides a valuable list of companies that are considered financial peers, including Splunk (acquired by Cisco), HashiCorp (acquired by IBM), and Informatica (acquired by Salesforce).",
    "metrics": {
      "dollar_context": "Aggregate value of the Splunk Inc. / Cisco Systems, Inc. precedent transaction.",
      "dollar_millions": 29600
    },
    "summary": "Valuation analysis for IBM merger names 21 software peers including Splunk, HashiCorp, and Informatica.",
    "excerpts": "The table following the second full paragraph on page 57 of The Merger – Opinion of Morgan Stanley & Co. LLC – Selected Precedent Transaction Multiples Analysis is hereby amended as follows: ... Selected Precedent Transactions (Target/Acquiror) ... Anaplan, Inc. / Thoma Bravo, LP ... HashiCorp, Inc. / International Business Machines Corporation ... Splunk Inc. / Cisco Systems, Inc. ... Informatica, Inc. / Salesforce, Inc.",
    "relevance": 0.8,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1699838/000110465926010378/tm265053d1_8k.htm",
    "filing_date": "2026-02-04",
    "filing_year": 2026,
    "sales_relevance": "Competitive intelligence",
    "signal_category": "market",
    "vendors_mentioned": [
      "Thoma Bravo, LP",
      "International Business Machines Corporation",
      "Vista Equity Partners Management, LLC",
      "Hellman & Friedman LLC",
      "Schneider Electric S.E.",
      "Cisco Systems, Inc.",
      "Silver Lake Partners, LP",
      "Blackstone Inc."
    ],
    "competitors_mentioned": [
      "Anaplan, Inc.",
      "Medallia, Inc.",
      "HashiCorp, Inc.",
      "Proofpoint, Inc.",
      "Avalara, Inc.",
      "Coupa Software Incorporated",
      "Ultimate Software Group, Inc.",
      "Aveva Group Plc"
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/758395a3-4891-47d5-83b9-14d085be1eb6 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"confluent.io","limit":20}'