IBM acquires hybrid cloud management company HashiCorp for $6.4 billion
April 25, 2024
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IBM continues to focus on infrastructures as a corporate culture and stays away from intense competitive environments. The company, which achieved success years ago by exiting the computer
IBM continues to focus on infrastructures as a corporate culture and stays away from intense competitive environments. The company, which achieved success years ago by exiting the computer market and focusing on infrastructure, is not just in cloud computing. Amazon, Google and Microsoft Instead of competing with the company, it preferred to offer complex hybrid environments for institutions. The company, which has been one of the most important players in the market for years, added HashiCorp to the acquired companies.
HashiCorp only last year $155 million Even though it was profitable, it grew faster than any brand owned by IBM. In addition, the company also acquired cloud product lifecycle management and security tools with this acquisition. IBM company $6.4 billion While making a purchase in return, CEO Arvind Krishna stated that a hybrid cloud platform, designed for the age of artificial intelligence, will be created with IBM’s portfolio and HashiCorp’s expertise.
A new era in HashiCorp discussions
HashiCorp had previously made the Terraform platform, which it made available as open source, more business-oriented. In response to this situation, open source code developers created an alternative called OpenTofu. Hashi Corp He also accused OpenTofu of using Terraform codes. One also wonders what dimension the talks will take with IBM’s involvement.
IBM had previously purchased Red Hat, one of the companies active in this field. up to $34 billionAppito to $4.6 billion had bought it.
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