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IBM HashiCorp acquisition - 10 things to know with detail

• Acquisition announcement: IBM announced its acquisition of HashiCorp on October 26, 2021, for a reported $5.7 billion. This acquisition marks IBM's largest acquisition since acquiring Red Hat in 2019.
• HashiCorp background: HashiCorp is a leading provider of infrastructure automation software, specializing in tools for cloud infrastructure provisioning, configuration, and management. Its products, such as Terraform, Vault, and Consul, are widely used by organizations to automate their infrastructure operations.
• Strategic fit: The acquisition of HashiCorp aligns with IBM's strategy to expand its hybrid cloud and AI capabilities. HashiCorp's products complement IBM's existing cloud offerings, allowing IBM to provide a more comprehensive set of tools for managing and securing cloud infrastructure.
• Joint offerings: IBM plans to integrate HashiCorp's products with its own cloud services, such as IBM Cloud and Red Hat OpenShift. This integration will enable customers to more easily manage and secure their hybrid cloud environments using a unified set of tools.
• Customer benefits: The acquisition of HashiCorp is expected to benefit IBM's customers by providing them with a broader range of infrastructure automation tools. Customers will be able to leverage HashiCorp's products to simplify and accelerate their cloud migration and digital transformation initiatives.
• Partnership history: IBM and HashiCorp have a history of collaboration, with IBM being a strategic partner of HashiCorp for several years. The acquisition is seen as a natural progression of this partnership, allowing the two companies to further integrate their technologies and services.
• Leadership continuity: HashiCorp's co-founders, Mitchell Hashimoto and Armon Dadgar, will continue to lead the company under IBM's ownership. IBM has stated its commitment to preserving HashiCorp's unique culture and maintaining its focus on innovation and customer success.
• Regulatory approval: The acquisition of HashiCorp is subject to regulatory approval and is expected to close in the first half of 2022. Until then, both companies will continue to operate independently.
• Market impact: The acquisition of HashiCorp is expected to have a significant impact on the cloud infrastructure market. IBM's expanded portfolio of infrastructure automation tools will position it as a major player in the rapidly growing cloud industry.
• Future outlook: With the acquisition of HashiCorp, IBM is well-positioned to compete in the increasingly competitive cloud infrastructure market. The combined strengths of both companies are expected to drive further innovation and growth in the hybrid cloud space.