IBM has officially completed its acquisition of HashiCorp, a company known for automating and securing infrastructure that supports hybrid cloud applications and generative AI. This strategic move aims to bolster IBM's capabilities in helping clients innovate, enhance security, and maximize cloud value.
Rob Thomas, IBM's Senior Vice President and Chief Commercial Officer, stated, "Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated cloud infrastructure at significant scale." He emphasized IBM's commitment to investing in HashiCorp's capabilities and leveraging its technology across data centers worldwide.
Dave McJannet, CEO of HashiCorp, highlighted the company's role in assisting enterprises with hybrid and multi-cloud environments over the past decade. "With IBM's history, global scale, and customer relationships," he noted, "HashiCorp can now expand our reach to help our community of customers, practitioners, and partners automate, secure, and optimize their cloud infrastructure."
Armon Dadgar, CTO and Co-founder of HashiCorp, expressed excitement about joining IBM. He remarked on the alignment between both companies' visions for enabling hybrid infrastructure for large enterprises. "Together," Dadgar said, "we can continue to invest deeply in R&D innovation."
HashiCorp's products like Terraform are already available through IBM’s automation software portfolio. These offerings will complement IBM’s collaborations with hyperscale cloud service providers and developer communities focused on hybrid cloud and AI innovation.
The acquisition aligns with IBM’s ongoing investments in automation software aimed at optimizing IT spending while reducing costs. The transaction involved purchasing all issued common shares of HashiCorp at $35 per share in cash, totaling an enterprise value of $6.4 billion.
For further details on this development or insights from Armon Dadgar regarding HashiCorp joining IBM, interested parties can visit the respective websites provided by both companies.
