IBM has finalized its multi-billion greenback HashiCorp acquisition, two days after the U.Okay.’s antitrust regulator gave the deal its blessing.
Today’s announcement comes 10 months after IBM introduced plans to pay $6.4 billion for HashiCorp, an enterprise software program firm greatest identified for Terraform, an “infrastructure as code” instrument for provisioning and managing infrastructure throughout clouds.
IBM is one in all a number of legacy software program firms using the AI and cloud computing wave to nice riches, with “Big Blue” at present sitting at an all-time excessive valuation of almost $240 billion. With HashiCorp now beneath its wing, it will go a way towards bolstering its hybrid cloud credentials.
“Organizations globally want to deploy fashionable, hybrid cloud-ready apps, which require automated cloud infrastructure at vital scale,” IBM govt Rob Thomas stated in a press release.
The acquisition additionally builds on IBM’s $34 billion acquisition of Red Hat in 2019, and its $4.6 billion Apptio acquisition from 2023.
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