IBM has finally completed its acquisition of hashicorp based in San Francisco for $ 6.4 billion, 10 months after its announcement. Companies aim to address the growing complexity companies they face in the management of multicloud infrastructure and cloud hybrids, especially with the increase in applications promoted by AI that constantly change workloads and require a rapid scale.
As of today, Hashicorp's automation tools, such as Terraft and Vault, are available with the IBM hybrid cloud platform, which allows customers to automate infrastructure supply and safety management in their systems.
IBM said that Terraftor's infrastructure supply will allow several of its products to work more without problems in hybrid cloud environments. These include the Red Hat An Automation platform, which automates the configurations and implementations of Application Middleware, and the development of the IBM Z Mainframe software. Hashicorp Vault, a password and encryption administration tool, can also be implemented in hybrid clouds with the Red Hat Openshift container -based application platform.
HASHICORP will work as a division of the IBM software instead of being taken to Red Hat, the IBM open source subsidiary that acquired for $ 34 billion in 2019.
See: Differences between Hybrid Cloud and Multicloud explained in this Premium Techrepublic download
“World organizations seek to implement modern and hybrid applications ready for the cloud, which require automated cloud infrastructure on a significant scale,” said Rob Thomas, senior vice president, IBM software and commercial director, in a press release.
“With this acquisition, IBM undertakes to continue investing and increasing Hashicorp's capabilities, and together, with the leading technology of Hashicorp and the extensive community of developers, the global scope of IBM and R&D resources, our goal is to infuse Hashicorp technology in each data center.”
Haron Dadgar, director of technology and co -founder of Hashicorp, added: “We have built a portfolio of products to help customers adopt a native cloud approach for infrastructure management and the safety life cycle that has been adopted by hundreds of thousands of thousands of organizations worldwide.
“I am excited that Hashicorp joins the IBM family, where there is a clear alignment about the vision of allowing hybrid infrastructure for the largest companies in the world. Together, we can continue to invest deeply in R&D innovation and allow the next generation of applications to be built and climb. “
The IBM-Hicorp agreement faced antitrust research, demand
On Tuesday, the transaction was approved by the United Kingdom competence and the market authority after discovering that it would not negatively affect competition. This is aligned with the new pro-innovation position of the country, which hopes to attract a great technological investment, recently highlighted by hiring a former Amazon executive as an interim president of CMA.
The agreement has also been approved in silence by the Federal Trade Commission of the United States, according to Techcrunch, after both antitrust investigations delayed their date of early completion of the late 2024.
But these investigations are not the only challenges that IBM and Hashicorp have faced since they announced the acquisition. In June, a hashicorp investor sued the company, claiming that the acquisition of IBM disproportionately benefited the members of their Board on the shareholders, since executives allegedly took into account to win “golden parachutes” and the ability to collect their illegal actions. However, the lawsuit was mysteriously withdrawn two days later.
Agreement completed after the controversial relic of Terraft
Hashicorp's actions jumped 4% after the acquisition announcement, recovering from a significant decrease in 2023. These were triggered by the decision to relate Terraform of the Apache 2.0 open source to the most restrictive commercial origin license.
The movement alienated parts of the open source community, and forced the original Terraft code in the open source opeantofu and placed it under the supervision of the Linux Foundation.
However, the license change probably helped IBM attract the agreement, since the additional executive control would allow you to integrate and monetize technology into its own ecosystem.
