IBM announces a significant acquisition of HashiCorp, Inc. for $6.4 billion, enhancing its hybrid cloud platform capabilities and solidifying its position in the multi-cloud market. This move is set to create synergies across IBM's strategic growth areas including Red Hat, Watsonx, and data security.

IBM Corporation and HashiCorp Inc. have entered a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, valuing the enterprise at $6.4 billion. This acquisition enhances IBMs hybrid cloud capabilities by integrating HashiCorps suite of multi-cloud infrastructure automation products. This strategic move is expected to provide significant synergies across IBMs Red Hat, Watsonx, and IT automation portfolios, driving innovation and growth in cloud computing and AI. The transaction, reinforcing IBM's commitment to hybrid cloud and AI, is expected to accelerate their growth trajectory and expand their market share in these vital sectors.

IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform