Analysts say this is why IBM is spending $6.4B on HashiCorp
While it may not quite be a household name like IBM is, HashiCorp is well known for its infrastructure-as-code tool Terraform. Here's why IBM is scooping it up.
Source: fierce-network.com
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IBM nearing deal for cloud software provider HashiCorp, Telecom News, ET Telecom
Under CEO Arvind Krishna, IBM has focused on acquisitions to build out its cloud offerings. The boom in generative artificial intelligence has increased the attractiveness of cloud software as it helps process vast amounts of data.
Source: indiatimes.com
Strategic Shift: IBM Reportedly Eyes HashiCorp Acquisition - HashiCorp (NASDAQ:HCP), IBM (NYSE:IBM)
IBM is reportedly on the verge of acquiring cloud software provider HashiCorp, signaling potential growth for both entities.
Source: benzinga.com
IBM Falls on Weak Consulting Sales, Overshadowing HashiCorp Deal
(Bloomberg) -- International Business Machines Corp. dropped about 9% in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp Inc.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper Push Into AIBiden’s
Source: yahoo.com