IBM Acquiring HashiCorp for $6.4 Billion

IBM is acquiring HashiCorp for $6.4 billion for its infrastructure lifecycle management and security lifecycle management capabilities.

IBM on Wednesday confirmed reports that it’s acquiring HashiCorp (NASDAQ: HCP) in a multi-billion dollar deal that will enable the company to expand its capabilities and offerings for multi-cloud and hybrid environments.

IBM and HashiCorp have entered into a definitive agreement approved by the boards of both companies, but the deal still requires approval from regulators. The transaction is expected to close by the end of the year.

IBM has agreed to pay $35 per share for HashiCorp, for a total of $6.4 billion. HashiCorp will be acquired with available cash on hand.

The deal enables IBM to build a comprehensive end-to-end hybrid cloud platform, using HashiCorp capabilities to improve areas such as generative AI, data security, IT automation, and consulting.

The tech giant has highlighted HashiCorp’s infrastructure lifecycle ...