IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform

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provide robust secrets management and security capabilities across hybrid cloud environments, and Terraform can enable the building and deployment of IBM Z applications in hybrid cloud environments.

Builds on IBM's Portfolio of AI-driven IT Automation Capabilities

The HashiCorp acquisition continues IBM's broad investments in automation software to help organizations optimize their IT spending and lower costs. This includes AI-powered software for  application management insights across clients' portfolios to identify, predict, and suggest fixes for problems; software for full IT stack observability and to optimize application performance at the lowest cost; application resource management tools that efficiently scale operations and reduce cloud expense; financial management solutions that drive real-time insight into IT spending decisions across the enterprise; and software to integrate thousands of applications and data across hybrid cloud environments.

The closing of IBM's acquisition of HashiCorp includes all of the issued and outstanding common shares of HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

For more information about today's news, please visit https://www.ibm.com/products/hashicorp and visit https://www.hashicorp.com/en/blog/hashicorp-officially-joins-the-ibm-family to read more from HashiCorp co-founder and CTO Armon Dadgar.

Sources:

1 Flexera: "2024 State of Cloud Report."2 IDC: Gary Chen, Jim Mercer. "1 Billion New Logical Applications: More Background."

About IBM:
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. 

CONTACT: 
IBM
Hanna Scalzo
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