IBM has finally completed its acquisition of San Francisco-based Hashicorp for $ 6.4 billion, 10 months after his announcement. Companies aim to tackle the growing complexity companies are facing the control of multicloud and hybrid sky infrastructures, especially with the increase in AI-driven applications that are constantly changing workload and requires rapid scaling.
From today, Hashicorps Automation Tools, such as TerraForm and Vault, are available with IBM’s hybrid cloud platform, allowing customers to automate infrastructure and safety management across their systems.
IBM said that infrastructure supply from TerraForm will allow a number of its products to run more smooth in hybrid cloud environments. These include Red Hat Ansible Automation Platform that automates configurations and middleware implementations of applications and the development of IBM Z Mainframe software. Hashicorp Vault, a password and encryption key handling tools can also be implemented across hybrid clues with Red Hats Container -based application platform OpenShift.
Hashicorp will serve as a branch of IBM software instead of being brought in Red Hat, IBM’s Open Source subsidiary, acquired for $ 34 billion in 2019.
See: Differences between Hybrid Sky and Multicloud explained in this TechPublic Premium Download
“Organizations globally are looking to implement modern, hybrid cloud-clear apps that require automated sky infrastructure on a significant scale,” Rob Thomas, senior vice president, IBM software and Chief Commercial Officer, said in a press release.
“With this acquisition, IBM is obliged to continue to invest in and grow the Hashicorp capacities, and together with Hashicorp’s leading technology and comprehensive developer community, IBM’s global reach and R&D resources, our goal is to add Hashicorp technology in each data center.”
Armon Dadgar, Chief Technology Officer and co -founder of Hashicorp, added: “We have built a portfolio of products that help clients embrace a cloud -native approach to infrastructure and security life cycle management that has been embraced by hundreds of thousands of organizations around the world.
“I am excited for Hashicorp to participate in the IBM family, where there is a clear adaptation to the vision to enable hybrid infrastructure for the world’s largest businesses. Together, we can continue to invest deeply in R&D innovation and enable the next generation of applications to be built and scaled. “
IBM-HASHICORP DEAL Faces antitrust examinations, trial
On Tuesday, the transaction was approved by the UK’s competition and market authority after finding that it would not negatively affect competition. This is in line with the country’s new pro-innovation position, which it hopes, will attract major technological investments, highlighted by recently hiring an ex-amazon director as CMA-Medium President.
The trade has also been quietly approved by the United States Federal Commerce Commission, according to TechCrunch, after both anti -rust surveys delayed its expected completion date for the end of 2024.
But these studies are not the only challenges that IBM and Hashicorp have been exposed to since the announcement of the acquisition. In June, a Hashicorp -Investor sued the company and claimed that the IBM acquisition provided disproportionately in favor of its board members in relation to shareholders, as managers allegedly stood to get “golden parachutes” and the ability to pay their illicoped share. However, the suit was mysteriously withdrawn two days later.
Deal completed after TerraForm’s controversial relicensing
Hashicorp’s stock ran 4% after the acquisition notice and recovered from a significant fall in 2023. These were triggered by the decision to relational sternum from Open Source Apache 2.0 to the more restrictive business source’s license.
The move alienated parts of the Open Source community, and they forced the original Terra Form Code into Open Source Opentofu and placed it under the supervision of the Linux Foundation.
However, the license change probably helped attract IBM to the agreement, as the extra executive control would enable it to integrate and make money on the technology within its own ecosystem.