IBM Completes Acquisition of HashiCorp, Enhancing Hybrid Cloud Offerings
Deal News | Feb 27, 2025 | PR Newswire Cision IBM
IBM has successfully completed its acquisition of HashiCorp, a leader in infrastructure automation and security for hybrid cloud applications and generative AI. This acquisition, valued at $6.4 billion, is expected to create significant synergies across various IBM growth areas, including Red Hat, watsonx, data security, IT automation, and Consulting, by incorporating HashiCorp's technology into IBM's offerings. As hybrid cloud becomes increasingly prevalent, HashiCorp's Terraform and Vault products are set to play a pivotal role in IBM's strategy to modernize cloud infrastructure and security, thereby facilitating the development and management of cloud-native applications. The integration of HashiCorp's portfolio into IBM's systems aims to enhance scalability and automation capabilities for enterprises globally.
Sectors
- Information Technology
- Cloud Computing
Geography
- United States – IBM is headquartered in Armonk, New York, while HashiCorp has its base in San Francisco. The acquisition and its impact are majorly based in the United States.
Industry
- Information Technology – The article centers around the acquisition of HashiCorp by IBM, both of which are involved in IT infrastructure and solutions, particularly related to hybrid cloud and automation technologies.
- Cloud Computing – HashiCorp focuses on hybrid cloud applications and their automation, while IBM seeks to expand its cloud computing capabilities, making this industry highly relevant.
Financials
- $6.4 billion – Enterprise value of the acquisition, representing the total cost paid by IBM to acquire HashiCorp.
- $35 per share – The cash amount per share paid by IBM to acquire all issued and outstanding common shares of HashiCorp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IBM | Bidding Company | Company | A leading global hybrid cloud and AI company providing consulting expertise to various industries. IBM has acquired HashiCorp to enhance its cloud and AI capabilities. |
| HashiCorp | Target Company | Company | A company focused on automating and securing infrastructure for hybrid cloud applications. HashiCorp has been acquired by IBM. |
| Rob Thomas | Senior Vice President, IBM Software and Chief Commercial Officer | Person | He is involved in strategic decisions at IBM, stating the impact and future direction following the acquisition of HashiCorp. |
| Dave McJannet | CEO, HashiCorp | Person | He oversees operations at HashiCorp and has expressed confidence in the new opportunities posed by joining IBM. |
| Armon Dadgar | CTO and Co-founder of HashiCorp | Person | Responsible for technological advancements at HashiCorp, he supports the alignment and strategic vision with IBM post-acquisition. |