IBM is acquiring HashiCorp for $6.4 billion, aiming to expand its hybrid cloud, multicloud, and AI offerings. The acquisition is set to close by the end of 2024, with IBM planning to utilize HashiCorp resources to develop an end-to-end cloud platform. HashiCorp's expertise in cloud infrastructure, lifecycle management, and security automation will enhance IBM's capabilities in managing hybrid and multicloud environments, ultimately benefiting business tech buyers with more combined product options in the future.
