IBM is buying a multi-cloud infrastructure automation software company launched in 2012 for $6.4 billion.
HashiCorp will be bought by IBM for the price of $35/shareaccording to a press release.
The company develops solutions enterprise infrastructure and security lifecycle management software for the automation of work environments.
“Companies are facing an unprecedented expansion of infrastructure and applications across multiple public and private clouds as well as on-premises environments. The global enthusiasm around generative artificial intelligence has exacerbated these challenges, and IT executives and developers are facing dramatic complexity in their technology strategies. HashiCorp has a proven track record of enabling customers to manage the complexity of today’s infrastructure and application proliferation. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era,” said Arvind Krishna, IBM President and CEO.
The growth of cloud-native and other related applications is leading to a significant increase in the number of cloud applications that enterprises manage. Thus, developers work with increasingly heterogeneous, dynamic and complex infrastructure strategies.
HashiCorp produces solutions that enable enterprises to use automation to provide lifecycle management for infrastructure and security, providing a system of record for critical workflows required for hybrid and multi-cloud environments. HashiCorp Terraforming is the industry standard for delivering infrastructure in these environments.
The firm’s offerings help companies adopt a cloud-agnostic and interoperable approach to multi-cloud management and complements IBM’s commitment to industry collaboration, including extensive partnerships with large-scale cloud service providers, developer communities, and hybrid cloud and AI open-source innovation.
“At its core, our strategy is about enabling companies to innovate in the cloud while providing a consistent approach to cloud management at scale. The need for effective management and automation is critical with the growth of multi-cloud and hybrid cloud, which is accelerated by today’s AI revolution. I’m incredibly excited about today’s news and to join IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises,” said Armon Dadgar, HashiCorp co-founder and chief technology officer.
Company HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. It is headquartered in San Francisco and has employees in the US, Canada, Europe, Australia and India.
HashiCorp has more than 4,400 clients, including Bloomberg, Deustche Bank, developer platform GitHub, Starbucks and mobile operator Vodafone.
