IBM drops $6.4B to grab HashiCorp multi-cloud automation technology

IBM drops $6.4B to grab HashiCorp multi-cloud automation technology

“As generative AI deployment accelerates alongside traditional workloads, developers are working with increasingly heterogeneous, dynamic and complex infrastructure strategies. HashiCorp has a proven track record of helping clients manage the complexity of today’s infrastructure by automating, orchestrating and securing hybrid and multi cloud environments.”

HashiCorp will be a strategic addition to the IBM  portfolio, extending Red Hat’s hybrid cloud capabilities to provide end to end automated infrastructure and security lifecycle management, Krishna said.  “TerraForm is the industry standard for infrastructure automation for these environments with security top of mind for every enterprise,” Krishna said.

For example, the combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments, IBM stated.

The HashiCorp deal would be IBM’s third of the year and 13th since 2023.  The company’s 2018 acquisition of software company Red Hat for $34 billion, including debt, remains its biggest buyout till date, according to a Reuters report.

Dave McJannet, HashiCorp’s CEO, will report to Rob Thomas, IBM’s senior vice president in charge of software, if the deal goes through, according to IBM.

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