IBM announces the acquisition of HashiCorp for $6.4 billion

2024-04-24 · Publisher : IBM · Domain : Cloud & DevOps

On 24 April 2024, IBM announces an agreement to acquire HashiCorp (Terraform, Vault, Consul) at $35 per share, a $6.4 billion enterprise value. Closing is expected by the end of 2024.

### What changes On 24 April 2024, IBM and HashiCorp announce a definitive agreement: IBM will acquire HashiCorp for $35 per share in cash, an enterprise value of $6.4 billion. The deal is subject to shareholder and antitrust approvals. It comes eight months after Terraform moved to the BSL licence, which had prompted the OpenTofu fork. ### Key facts - HashiCorp portfolio cited: Terraform, Vault, Boundary, Consul, Nomad, Packer and Waypoint. - HashiCorp reports more than 4,400 customers, including 85% of the Fortune 500, and more than 500 million community downloads in fiscal 2024. - Synergies announced with Red Hat Ansible Automation Platform, watsonx, data security and consulting. - Closing expected by the end of 2024; IBM expects a positive effect on adjusted EBITDA within the first year. ### Why it matters Terraform has become the common language of infrastructure as code. By buying it, IBM takes control of a tool installed at most large accounts, alongside its Ansible offering through Red Hat. For consulting firms, the question is the licence and support trajectory: clients who standardized on Terraform may see a dependency risk, or on the contrary a guarantee of longevity. OpenTofu becomes a plan B for some. The agreement remained subject to shareholder and regulatory approval: until closing, HashiCorp and IBM remained separate companies. ### Takeaway The year's biggest acquisition in DevOps tooling reshapes the infrastructure-as-code market around IBM, Red Hat and the OpenTofu fork.

Tags : Acquisition, Infrastructure as Code, DevOps, Multi-cloud, États-Unis