IBM has finalized its multi-billion dollar HashiCorp acquisition, two days after the U.K.’s antitrust regulator gave the deal its blessing.
Today’s announcement comes 10 months after IBM announced plans to pay $6.4 billion for HashiCorp, an enterprise software company best known for Terraform, an “infrastructure as code” tool for provisioning and managing infrastructure across clouds.
IBM is one of several legacy software companies riding the AI and cloud computing wave to great riches, with “Big Blue” currently sitting at an all-time high valuation of nearly $240 billion. With HashiCorp now under its wing, this will go some way toward bolstering its hybrid cloud credentials.
“Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated cloud infrastructure at significant scale,” IBM executive Rob Thomas said in a statement.
The acquisition also builds on IBM’s $34 billion acquisition of Red Hat in 2019, and its $4.6 billion Apptio acquisition from 2023.
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