IBM likes Hashicorp, finally puts a $6.4B ring on it
Briefly

IBM has finalized its $6.4 billion acquisition of Hashicorp, receiving approval from British regulators. This strategic move aims to enrich IBM's hybrid cloud platform with Hashicorp's infrastructure-as-code tool, Terraform, which will integrate with Red Hat's Ansible. IBM targets greater global sales growth, leveraging Hashicorp's strong revenue from US clients. Despite this, Hashicorp's licensing shift to a semi-proprietary model has led to developer backlash and the creation of OpenTofu, a fork of Terraform. IBM plans to incorporate additional Hashicorp products like Vault and Vagrant into its offerings.
IBM's $6.4 billion acquisition of Hashicorp aims to enhance its hybrid cloud offerings, integrating crucial technologies like Terraform and Ansible to automate cloud infrastructure.
The acquisition is expected to boost Hashicorp's operations globally, particularly as IBM leverages its sales capabilities to enhance the growth of Hashicorp's infrastructure solutions.
Despite the acquisition's potential, Hashicorp has faced challenges, including backlash over its licensing shift to Business Source License, causing developers to create a fork, OpenTofu.
Rob Thomas, IBM's senior VP, emphasized the importance of modern hybrid cloud-ready applications and the need for large-scale automated cloud infrastructure.
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