“The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach.”
IBM pays $35 a share in cash, $6.4 billion, for the company behind Terraform and Vault. The release name-checks Red Hat, watsonx and Consulting as places for “synergies.” Its community tools were downloaded more than 500 million times last year, and IBM promises accretive EBITDA in the first full year. Developers built the user base and IBM’s sales team now gets to bill it.