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IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform

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IBM has completed its acquisition of HashiCorp for $35 per share, representing an enterprise value of $6.4 billion. The acquisition strengthens IBM's hybrid cloud platform capabilities, as HashiCorp specializes in automating and securing infrastructure for hybrid cloud applications and generative AI.

The merger comes at a time when nearly 75% of enterprises are using hybrid cloud, and projections indicate generative AI will drive the creation of 1 billion new cloud-native applications by 2028. HashiCorp's key products, including Terraform and Vault, are now available through IBM's automation software portfolio.

The integration creates synergies across multiple IBM growth areas, including Red Hat, watsonx, data security, IT automation, and Consulting. The combined capabilities aim to help clients accelerate innovation, strengthen security, and optimize cloud infrastructure management at scale.

IBM ha completato l'acquisizione di HashiCorp per 35 dollari per azione, rappresentando un valore d'impresa di 6,4 miliardi di dollari. Questa acquisizione rafforza le capacità della piattaforma cloud ibrida di IBM, poiché HashiCorp è specializzata nell'automazione e nella sicurezza delle infrastrutture per applicazioni cloud ibride e intelligenza artificiale generativa.

La fusione avviene in un momento in cui quasi il 75% delle imprese sta utilizzando il cloud ibrido, e le proiezioni indicano che l'intelligenza artificiale generativa porterà alla creazione di 1 miliardo di nuove applicazioni cloud-native entro il 2028. I principali prodotti di HashiCorp, tra cui Terraform e Vault, sono ora disponibili attraverso il portafoglio software di automazione di IBM.

L'integrazione crea sinergie in diverse aree di crescita di IBM, tra cui Red Hat, watsonx, sicurezza dei dati, automazione IT e consulenza. Le capacità combinate mirano ad aiutare i clienti ad accelerare l'innovazione, rafforzare la sicurezza e ottimizzare la gestione dell'infrastruttura cloud su larga scala.

IBM ha completado su adquisición de HashiCorp por 35 dólares por acción, lo que representa un valor empresarial de 6.4 mil millones de dólares. Esta adquisición refuerza las capacidades de la plataforma de nube híbrida de IBM, ya que HashiCorp se especializa en automatizar y asegurar la infraestructura para aplicaciones de nube híbrida e inteligencia artificial generativa.

La fusión se produce en un momento en que casi el 75% de las empresas están utilizando la nube híbrida, y las proyecciones indican que la inteligencia artificial generativa impulsará la creación de 1 mil millones de nuevas aplicaciones nativas de la nube para 2028. Los productos clave de HashiCorp, incluidos Terraform y Vault, ahora están disponibles a través del portafolio de software de automatización de IBM.

La integración crea sinergias en múltiples áreas de crecimiento de IBM, incluyendo Red Hat, watsonx, seguridad de datos, automatización de TI y consultoría. Las capacidades combinadas tienen como objetivo ayudar a los clientes a acelerar la innovación, fortalecer la seguridad y optimizar la gestión de infraestructura en la nube a gran escala.

IBM주당 35달러HashiCorp 인수를 완료하였으며, 이는 64억 달러의 기업 가치를 의미합니다. 이 인수는 IBM의 하이브리드 클라우드 플랫폼 기능을 강화하며, HashiCorp는 하이브리드 클라우드 애플리케이션과 생성형 AI를 위한 인프라를 자동화하고 안전하게 하는 데 전문화되어 있습니다.

이번 합병은 거의 75%의 기업이 하이브리드 클라우드를 사용하고 있는 시점에 이루어졌으며, 예측에 따르면 생성형 AI가 2028년까지 10억 개의 새로운 클라우드 네이티브 애플리케이션을 창출할 것으로 보입니다. HashiCorp의 주요 제품인 Terraform과 Vault는 이제 IBM의 자동화 소프트웨어 포트폴리오를 통해 제공됩니다.

이 통합은 Red Hat, watsonx, 데이터 보안, IT 자동화 및 컨설팅을 포함한 IBM의 여러 성장 분야에서 시너지를 창출합니다. 결합된 역량은 고객이 혁신을 가속화하고, 보안을 강화하며, 대규모 클라우드 인프라 관리 최적화를 지원하는 것을 목표로 합니다.

IBM a finalisé son acquisition de HashiCorp pour 35 dollars par action, représentant une valeur d'entreprise de 6,4 milliards de dollars. Cette acquisition renforce les capacités de la plateforme cloud hybride d'IBM, car HashiCorp est spécialisée dans l'automatisation et la sécurisation des infrastructures pour les applications cloud hybrides et l'intelligence artificielle générative.

La fusion intervient à un moment où près de 75% des entreprises utilisent le cloud hybride, et les prévisions indiquent que l'intelligence artificielle générative entraînera la création de 1 milliard de nouvelles applications cloud-native d'ici 2028. Les principaux produits de HashiCorp, y compris Terraform et Vault, sont désormais disponibles via le portefeuille de logiciels d'automatisation d'IBM.

L'intégration crée des synergies dans plusieurs domaines de croissance d'IBM, y compris Red Hat, watsonx, la sécurité des données, l'automatisation des TI et le conseil. Les capacités combinées visent à aider les clients à accélérer l'innovation, à renforcer la sécurité et à optimiser la gestion de l'infrastructure cloud à grande échelle.

IBM hat die Übernahme von HashiCorp für 35 US-Dollar pro Aktie abgeschlossen, was einem Unternehmenswert von 6,4 Milliarden US-Dollar entspricht. Die Übernahme stärkt die Fähigkeiten von IBMs hybrider Cloud-Plattform, da HashiCorp auf die Automatisierung und Sicherung von Infrastrukturen für hybride Cloud-Anwendungen und generative KI spezialisiert ist.

Die Fusion erfolgt zu einem Zeitpunkt, an dem fast 75% der Unternehmen hybride Cloud-Lösungen nutzen, und Prognosen deuten darauf hin, dass generative KI bis 2028 eine Milliarde neue cloud-native Anwendungen schaffen wird. Die Hauptprodukte von HashiCorp, darunter Terraform und Vault, sind jetzt über das Automatisierungssoftware-Portfolio von IBM verfügbar.

Die Integration schafft Synergien in mehreren Wachstumsbereichen von IBM, einschließlich Red Hat, watsonx, Datensicherheit, IT-Automatisierung und Beratung. Die kombinierten Fähigkeiten zielen darauf ab, den Kunden zu helfen, Innovationen zu beschleunigen, die Sicherheit zu stärken und das Management von Cloud-Infrastrukturen in großem Maßstab zu optimieren.

Positive
  • Strategic acquisition valued at $6.4B strengthens IBM's hybrid cloud capabilities
  • Immediate product integration with IBM's automation software portfolio
  • Synergistic combination with Red Hat, watsonx, and IT automation services
  • Access to HashiCorp's extensive developer community and market leadership
  • Enhanced security offerings through Vault and OpenShift integration
Negative
  • Significant cash outlay of $6.4B impacts IBM's financial position
  • Integration complexity across multiple product lines and services
  • Potential challenges in maintaining HashiCorp's independent ecosystem relationships

Insights

IBM's $6.4 billion acquisition of HashiCorp represents a significant strategic expansion of its hybrid cloud capabilities at a critical inflection point in enterprise IT. With this acquisition, IBM addresses a fundamental challenge facing the 75% of enterprises using hybrid cloud: the growing complexity of managing infrastructure across multiple environments as AI workloads proliferate.

HashiCorp's infrastructure automation tools – particularly Terraform for provisioning and Vault for security – fill critical gaps in IBM's portfolio while creating compelling integration opportunities with Red Hat OpenShift and Ansible. This positions IBM to capture more value from the projected explosion of cloud-native applications driven by generative AI (estimated at 1 billion new applications by 2028).

The acquisition economics warrant attention. While the $35 per share purchase price represents a premium, HashiCorp brings substantial strategic value through its developer ecosystem, enterprise customer base, and market-leading position in infrastructure automation. The deal should accelerate IBM's software revenue growth, though integration execution will be critical to realize the projected synergies.

For investors, this acquisition reinforces IBM's commitment to its hybrid cloud and AI strategy under CEO Arvind Krishna. It strengthens IBM's competitive positioning against both hyperscalers (AWS, Azure, GCP) and infrastructure management specialists while maintaining IBM's commitment to multi-cloud interoperability – a key differentiator in its enterprise strategy.

The timing is particularly strategic as enterprises increasingly need automation to scale their infrastructure for AI workloads while maintaining security and compliance. This acquisition significantly enhances IBM's ability to serve as the trusted integration layer across the fragmented cloud landscape.

IBM's acquisition of HashiCorp represents a transformative move in the infrastructure automation landscape, addressing the growing complexity gap between cloud adoption and the technical resources needed to manage it. As enterprises increasingly distribute workloads across hybrid environments, HashiCorp's infrastructure-as-code approach provides the abstraction layer necessary to manage this complexity programmatically.

The technical synergies are particularly compelling. HashiCorp Terraform's declarative approach to infrastructure provisioning creates a powerful foundation that complements Red Hat Ansible's imperative configuration management. Together, they form a comprehensive automation stack that spans from bare infrastructure to application deployment. Similarly, integrating HashiCorp Vault with IBM's existing security portfolio addresses the critical challenge of secrets management and identity across distributed environments.

For enterprises building AI capabilities, this acquisition offers significant advantages. The infrastructure demands of large language models and generative AI require unprecedented levels of automation and resource orchestration - precisely HashiCorp's strength. By integrating HashiCorp's capabilities with watsonx, IBM can offer a more complete path from AI development to production deployment.

The competitive implications are substantial. This acquisition positions IBM more directly against both cloud providers' native tooling and infrastructure automation specialists. While hyperscalers offer their own infrastructure management tools, they typically lack HashiCorp's cloud-agnostic approach - a key advantage for enterprises seeking to avoid vendor lock-in.

The developer community aspect represents both opportunity and challenge. HashiCorp has cultivated strong developer loyalty through its open-source roots and developer-friendly tools. Maintaining this community engagement while integrating into IBM's enterprise-focused portfolio will be important for preserving HashiCorp's innovation momentum and market influence.

HashiCorp's capabilities drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting

ARMONK, N.Y., Feb. 27, 2025 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has completed its acquisition of HashiCorp, whose products automate and secure the infrastructure that underpins hybrid cloud applications and generative AI. Together the companies' capabilities will help clients accelerate innovation, strengthen security, and get more value from the cloud.

Today nearly 75% of enterprises are using hybrid cloud1, including public clouds from hyperscalers and on-prem data centers, which can enable true innovation with a consistent approach to delivering and managing that infrastructure at scale. Enterprises are looking for ways to more efficiently manage and modernize cloud infrastructure and security tasks from initial planning and design, to ongoing maintenance. By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications.2 Supporting this scale requires infrastructure automation far beyond the capacity of the workforce alone.

"Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated cloud infrastructure at significant scale," said Rob Thomas, Senior Vice President, IBM Software and Chief Commercial Officer. "With this acquisition, IBM is committed to continuing to invest in and grow the HashiCorp capabilities, and together, with HashiCorp's leading technology and extensive developer community, IBM's global reach and R&D resources, our aim is to infuse HashiCorp technology in every data center."

"HashiCorp has been helping the world's largest enterprises succeed in hybrid and multi-cloud environments for over a decade. We've seen the cloud grow from its origins, and have participated first-hand in the change it has brought to the industry," said Dave McJannet, CEO, HashiCorp. "With IBM's history, global scale, and customer relationships, HashiCorp can now expand our reach to help our community of customers, practitioners, and partners automate, secure, and optimize their cloud infrastructure, providing an end-to-end platform for hybrid environments."

"HashiCorp has been a pioneer in cloud infrastructure since the earliest days of public cloud. We've built a portfolio of products to help customers embrace a cloud native approach to Infrastructure and Security Lifecycle Management that has been embraced by hundreds of thousands of organizations around the world," said Armon Dadgar, CTO and Co-founder of HashiCorp. "I'm excited for HashiCorp to join the IBM family, where there is clear alignment on the vision of enabling hybrid infrastructure for the world's biggest enterprises. Together, we can continue to invest deeply in R&D innovation and enable the next generation of applications to be built and scaled."

Product detail and availability

  • HashiCorp's capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp Terraform is a leader for infrastructure provisioning in these environments. HashiCorp's offerings help clients take a highly interoperable approach to multi-cloud management, and complement IBM's commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer and open source communities for hybrid cloud and AI innovation.
  • Its Terraform and Vault offerings, along with the broader HashiCorp product portfolio, are available now from IBM's automation software portfolio.
  • HashiCorp will drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, Terraform and the Red Hat Ansible Automation Platform provide a powerful combination, with Terraform automating the foundational infrastructure creation across multiple cloud providers, and Ansible automating application configurations and middleware deployments on top of that infrastructure. 
  • In addition, HashiCorp Vault combined with Red Hat OpenShift provide robust secrets management and security capabilities across hybrid cloud environments, and Terraform can enable the building and deployment of IBM Z applications in hybrid cloud environments.

Builds on IBM's Portfolio of AI-driven IT Automation Capabilities

The HashiCorp acquisition continues IBM's broad investments in automation software to help organizations optimize their IT spending and lower costs. This includes AI-powered software for  application management insights across clients' portfolios to identify, predict, and suggest fixes for problems; software for full IT stack observability and to optimize application performance at the lowest cost; application resource management tools that efficiently scale operations and reduce cloud expense; financial management solutions that drive real-time insight into IT spending decisions across the enterprise; and software to integrate thousands of applications and data across hybrid cloud environments.

The closing of IBM's acquisition of HashiCorp includes all of the issued and outstanding common shares of HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

For more information about today's news, please visit https://www.ibm.com/products/hashicorp and visit https://www.hashicorp.com/en/blog/hashicorp-officially-joins-the-ibm-family to read more from HashiCorp co-founder and CTO Armon Dadgar.

Sources:

About IBM:
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. 

CONTACT: 
IBM
Hanna Scalzo
smigala@us.ibm.com 

 

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SOURCE IBM

FAQ

What is the value of IBM's acquisition of HashiCorp?

IBM acquired HashiCorp for $35 per share in cash, with an enterprise value of $6.4 billion.

How will HashiCorp's products integrate with IBM's existing services?

HashiCorp's products will integrate with IBM's Red Hat, watsonx, data security, and IT automation services, with Terraform and Vault now available in IBM's automation software portfolio.

What market opportunity is IBM targeting with the HashiCorp acquisition?

IBM is targeting the growing hybrid cloud market, where 75% of enterprises operate, and the projected creation of 1 billion new cloud-native applications by 2028 driven by generative AI.

How does HashiCorp's Terraform complement IBM's Red Hat Ansible?

Terraform automates infrastructure creation across cloud providers, while Ansible automates application configurations and middleware deployments on that infrastructure.

What security benefits does the IBM-HashiCorp merger provide?

HashiCorp Vault combined with Red Hat OpenShift delivers enhanced secrets management and security capabilities across hybrid cloud environments.

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