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According to sources familiar with the matter, IBM is close to finalizing a deal with HashiCorp. IBM Corp is reportedly in advanced talks to acquire infrastructure management provider
According to sources familiar with the matter, IBM is close to finalizing a deal with HashiCorp.
IBM Corp is reportedly in advanced talks to acquire infrastructure management provider HashiCorp Inc., The Wall Street Journal reports. The report aims to show that the sale will likely provide HashiCorp with more value than the $4.9 billion its shares are now worth. Since the takeover announcements, the company’s market capitalization has increased by more than 18 percent, according to the sales call report.
HashiCorp is an infrastructure management provider that enables customers to set up and manage their infrastructures in the cloud. The company offers various open source tools for this purpose. This software portfolio is led by Terraform, an automated tool for setting up cloud and other hardware resources. The company recently expanded its cloud platform to include a managed version of its infrastructure automation tool, Terraform.
It is not yet certain whether the talks will result in an effective transaction, which should become clear in the coming days, the WSJ report said.
Source: IT Daily
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