Silicon Republic April 25, 2024
IBM said the deal continues its focus in hybrid cloud and AI, while Hashicorp believes the deal will help it reach a much broader audience.
IBM has confirmed it is acquiring software company HashiCorp in a deal valued at $6.4bn, as it works to boost its products and expand its cloud business.
The two companies have entered into a definitive agreement, which will see IBM purchase HashiCorp for $35 per share in cash. IBM said the deal continues its “deep focus” on hybrid cloud and AI, which the company described as the “two most transformational technologies for clients”.
HashiCorp provides a suite of infrastructure automation products, which are designed to help customers operate their infrastructure in the cloud. The company...
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