IBM has finalized its multi-billion greenback HashiCorp acquisition, two days after the U.Okay.’s antitrust regulator gave the deal its blessing.
Immediately’s announcement comes 10 months after IBM introduced plans to pay $6.4 billion for HashiCorp, an enterprise software program firm finest recognized for Terraform, an “infrastructure as code” software for provisioning and managing infrastructure throughout clouds.
IBM is one in all a number of legacy software program firms driving the AI and cloud computing wave to nice riches, with “Huge Blue” at the moment sitting at an all-time excessive valuation of practically $240 billion. With HashiCorp now beneath its wing, this can go a way towards bolstering its hybrid cloud credentials.
“Organizations globally wish to deploy trendy, hybrid cloud-ready apps, which require automated cloud infrastructure at vital scale,” IBM government Rob Thomas mentioned in a press release.
The acquisition additionally builds on IBM’s $34 billion acquisition of Purple Hat in 2019, and its $4.6 billion Apptio acquisition from 2023.
This can be a breaking information story, refresh for updates.