IBM Acquires HashiCorp for $6.4 Billion
April 24, 2024
IBM agreed to acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. The acquisition brings HashiCorp's multi-cloud infrastructure automation and security products (including Terraform and Vault) into IBM's hybrid cloud and AI portfolio to expand IBM's capabilities, drive go-to-market synergies with Red Hat and watsonx, and accelerate growth in hybrid/multi-cloud and AI-driven infrastructure management.
- Buyers
- IBM
- Targets
- HashiCorp
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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