IBM completes the HashiCorp acquisition

2025-02-27 · Publisher : IBM · Domain : Cloud & DevOps

On 27 February 2025, IBM completes the HashiCorp acquisition, ten months after announcing it. Terraform and Vault join IBM's automation portfolio, alongside Red Hat Ansible and OpenShift.

### Background On 27 February 2025, IBM announces it has completed the acquisition of HashiCorp for $35 per share in cash, a $6.4 billion enterprise value. The deal had been announced on 24 April 2024. Terraform and Vault are now offered within IBM's automation software portfolio. ### Key facts - Terraform automates infrastructure provisioning across multiple clouds; Vault manages secrets. - IBM presents them as complementary to Red Hat Ansible Automation Platform and Red Hat OpenShift. - Dave McJannet (HashiCorp CEO) and Armon Dadgar (CTO and co-founder) are among the executives quoted in the release. - Rob Thomas, IBM Software senior vice president, justifies the deal by companies' need to deploy hybrid-cloud-ready applications, which require automated infrastructure at scale. ### Why it matters Closing moves the question of Terraform's future from the stock market to the product. For customers, it opens the prospect of a single IBM counter for provisioning (Terraform), configuration automation (Ansible) and secrets (Vault), with shared support. For CIOs attached to independence, it is one more signal in favour of an exit strategy built on OpenTofu. Ten months separate the 24 April 2024 announcement from closing, the time needed to gather regulatory approvals. For customers, the next step to watch is the unification of contracts, support and offerings around HashiCorp products inside IBM. ### Takeaway HashiCorp now belongs to IBM: teams standardizing on Terraform must read its roadmap through IBM's.

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