The UK's Competition and Markets Authority has initiated a preliminary investigation into IBM's $6.4 billion acquisition of HashiCorp, citing potential competition concerns.
This transaction aims to bring together two innovative companies to accelerate HashiCorp's mission, according to CEO Dave McJanne, emphasizing the benefits of complementary visions.
The CMA's investigation is part of a broader examination of competition in the UK cloud services market, highlighted by a report from Ofcom raising concerns about customer choices.
More than 4,400 clients, including 85% of Fortune 500 companies, rely on HashiCorp for cloud infrastructure management, showcasing its significant market presence.
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