HashiCorp's infrastructure and security lifecycle management software, combined with Red Hat's product portfolio, can help IBM make multi-cloud computing a real possibility.
Translated from IBM Purchases HashiCorp for Multicloud IT Automation , author Joab Jackson.
Enterprise software and services giant IBM announced the acquisition of IT infrastructure provider HashiCorp for US$6.4 billion (US$35 in cash per HashiCorp share).
The boards of directors of both companies have approved the transaction, which is expected to close by the end of 2024.
HashiCorp's software for infrastructure and security lifecycle management will complement IBM's services around hybrid cloud and AI, IBM asserted in a press release .
HashiCorp will continue to operate as a division of IBM.
This acquisition is similar to IBM's acquisition of Red Hat (2018) and will further solidify IBM's leadership in cloud-native computing, many of which already use HashiCorp's Terraform multi-cloud infrastructure provisioning tool .
Armon Dadgar, co-founder and chief technology officer of HashiCorp, wrote in a blog post : "By joining IBM, HashiCorp products can be exposed to a wider audience, allowing us to serve more users and customers. And for our customers and partners "This combination will enable us to grow beyond independent companies."
For IBM, HashiCorp can support Big Blue's strategic growth areas such as Red Hat, Watsonx AI products, data security, IT automation and consulting.
It will also lay the foundation for a new suite of integrated products, combining HashiCorp's software with that from IBM and Red Hat, allowing customers to re-run operations across multiple public cloud providers ("multi-cloud").
HashiCorp’s Terraform in the mix
HashiCorp has an impressive client list of 4,400, including 85% of the Fortune 500, and clients include Bloomberg, Comcast, Deutsche Bank, GitHub, JPMorgan Chase, Starbucks and Vodafone.
The company's software product portfolio includes:
- Terraform is used to automatically configure IT resources across cloud environments.
- Vault provides identity-based security for systems and sensitive data.
- Boundary is used for secure remote access.
- Consul is used for service-based networking.
- Nomad is used for workload orchestration.
- Packer for building and managing images as code; and
- Waypoint is an internal developer platform.
Terraform has always been HashiCorp's flagship product, although its usage has declined over the past few years - a recent JetBrains survey showed that developer usage will drop from 37% in 2022 to 33% in 2023 - because A new generation of more flexible infrastructure-as-code tools has entered the market from Nitric , Pulumi, and others .
Terraform may also suffer from a fragmented user base.
In August, HashiCorp moved previously open source Terraform and the rest of its product portfolio to a non-open source commercial source license (BSL). Competing Terraform service providers (including Scalr, env0, and Spacelift) quickly forked the code to create open source OpenTofu , which was quickly supported by the Linux Foundation .
In December, Vault also forked into an open source version called OpenBao - a project ironically directed by an IBM engineer.
Now that HashiCorp's software will be managed by historically open source-friendly IBM, some open source advocates hope Big Blue will reverse HashiCorp's sudden BSL license changes last year.
“If I were the lead on the HashiCorp deal at IBM, one of the first decisions I would make would be to migrate all HashiCorp products to Apache-2.0 and make sure that decision is highlighted in the initial press release,” Kelsey Hightower on X Social the media service wrote.
TNS analyst Lawrence Hecht contributed to this article.
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