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IBM hasfinalizedits multi - billion dollarHashiCorpacquisition , two day after the U.K. ’s antimonopoly regulatorgave the deal its blessing .
Today ’s annunciation comes 10 month after IBM first disclose plans topay $ 6.4 billion for HashiCorp , an enterprise software company best known forTerraform , an “ substructure - as - codification ” tool for automating infrastructure provisioning and direction across cloud .
Terraform was once available under an open source license , but HashiCorp controversiallyswitched it to a proprietary licensebackin 2023(which lead to acommunity - driven fork called OpenTofu ) . This licence modification likely made HashiCorp a more appealing acquirement candidate , give suitor more ascendancy over how Terraform is used in industry .
At any rate , Terraform ’s ability to help company purvey their base ( i.e. configure the various ironware , software , and meshing element required to run program and divine service ) on - assumption and across clouds , fits well with an IBM strategy that has acquire from on - prem systems to the swarm — a scheme that seems to be paying off .
Big Blue flies high
IBM is one ofseveral legacy software companiesriding the AI and cloud computing wave , with “ Big blueness ” impinge on an all - clock time high valuation of more than $ 240 billion this year . And with HashiCorp now under its extension , this will go some way toward further bolster its hybrid swarm credentials .
“ establishment globally are looking to deploy modern , hybrid cloud - ready apps , which expect automated cloud infrastructure at substantial ordered series , ” IBM administrator Rob Thomas said in a assertion . “ With this acquisition , IBM is committed to continue to invest in and develop the HashiCorp capabilities , and together , with HashiCorp ’s leading technology and broad developer community , IBM ’s global compass and R&D resource , our heading is to infuse HashiCorp technology in every data shopping center . ”
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The accomplishment also builds on other sizeable deals in recent times , include IBM ’s $ 34 billionRed Hat purchase in 2019 , as well as the$4.6 billionit paid for Apptio in 2023 . And on Tuesday this hebdomad , IBMannounced program to get Apache Cassandravendor DataStax for an undisclosed figure .
IBM had initiallyindicatedthat it expected to shut the HashiCorp transaction by the end of 2024 , but regulative reddish - magnetic tape had held things up . Afilingwith the U.S. Securities and Exchange Commission ( SEC ) last July revealed that the FTC was go over details of the planned fusion , while the U.K. ’s CMAfollowed suit in December .
With both the FTC and CMA out the agency , this paved the way for IBM to fix the deal within a couple of days .
