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IBM drops $6.4B for HashiCorp and its multicloud automation technology

April 24, 2024

IBM today said it will buy multicloud infrastructure automation company HashiCorp for $6.4 billion.

Once the deal closes, which is expected by the end of 2024, IBM plans to further integrate Hashicorp’s automation technology into its Red Hat, watsonx, data security, IT automation and consulting businesses. IBM uses Hashicorp technology in many of its cloud offerings already.

HashiCorp’s products include the widely deployed Terraform package, which enables customers to automatically provision infrastructure, network, and virtual components across multiple cloud providers and on-premises environments. The company also offers Vault for identity-based authentication and to authorize access to sensitive data; Nomad for workload orchestration; Boundary for secure remote access; and Consul for service-based networking.

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