IBM, International Business Machines, the multinational technology corporation known as Big Blue, has announced plans to acquire HashiCorp for $6.4 billion USD.
This acquisition deal is expected to close by the end of the year and will bring about a comprehensive hybrid cloud platform designed for the AI era.
The report further states that IBM will enhance its ability to allow HashiCorp customers to establish and manage their infrastructures on the cloud, as well as extend its products to an even broader set of developers and enterprises.
HashiCorp is a software company founded in 2012 and headquartered in San Francisco, California. It provides tools and products for developers, security professionals, and operators to run and connect cloud computing infrastructures.
