According to reports from The Wall Street Journal, IBM is in the final stages of acquiring HashiCorp, a company that develops software for managing cloud infrastructure. It is expected that a deal will be reached in the coming days.
Currently, the valuation of HashiCorp stands at $4.9 billion based on its stock price, and IBM’s offer for acquisition is likely to exceed that amount. HashiCorp’s software is a tool for managing and deploying infrastructure on the cloud, with key customers such as Cisco, Datadog, and RedHat (which is owned by IBM).
IBM’s most recent major acquisition was Apptio, a $4.6 billion deal for FinOps software, last year.
Source: The Wall Street Journal
TLDR: IBM is close to finalizing a deal to acquire HashiCorp, a software company specializing in cloud infrastructure management, with a valuation of $4.9 billion.
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