IBM deepens multicloud solution portfolio with $6.4B HashiCorp acquisition

“CIOs and developers are up against dramatic complexity in their tech strategies,” IBM Chairman and CEO Arvind Krishna said Wednesday.

Dive Brief:

• IBM plans to acquire multicloud software company HashiCorp for $6.4 billion to shore up its hybrid cloud solution suite, the company announced Wednesday. The transaction awaits shareholder and regulatory approval but is expected to close before the end of the year, IBM said in a statement.
• "Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale,” Armon Dadgar, HashiCorp co-founder and chief technology officer, said in a Wednesday statement. “The need for effective management and automation is critical with the rise of multicloud and hybrid cloud, which is being accelerated by today's AI revolution.”
• HashiCorp introduced its Infrastructure Cloud platform Monday. The SaaS-based enterprise service integrates the vendor’s Terraform infrastructure lifecycle ...