IBM drops $6.4B for HashiCorp and its multicloud automation technology

In addition, HashiCorp has technology agreements with most major cloud providers, including Amazon Web Services, Google Cloud, and Microsoft Azure.

HashiCorp is “a company we have partnered with for a long time and believe is a tremendous strategic fit with IBM,” said Arvind Krishna, IBM chairman and chief executive officer, during a conference call. “Enterprise clients are wrestling with an unprecedented expansion in infrastructure applications across public and private clouds, as well as on-prem environments, making this the ideal time to pursue this acquisition,” Krishna said. “As generative AI deployment accelerates alongside traditional workloads, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. HashiCorp has a proven track record of helping clients manage the complexity of today’s infrastructure by automating, orchestrating, and securing hybrid and multi-cloud environments. 

HashiCorp will be a strategic addition to the IBM portfolio, extending Red Hat’s hybrid cloud capabilities to provide end-to-end automated infrastructure and security lifecycle management, Krishna said. “TerraForm is the industry standard for infrastructure automation for these environments with security top of mind for every enterprise,” Krishna said.

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