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About HashiCorp
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Overview
HashiCorp focuses on cloud infrastructure and security management, providing tools that help organizations automate and manage their multi-cloud and hybrid environments. Its products enable businesses to operate efficiently across various cloud platforms and on-premises data centers while ensuring security and compliance. Unlike competitors, HashiCorp offers both open-source and enterprise versions of its tools, allowing a broad user base to access its solutions. The company's goal is to optimize cloud spending and enhance infrastructure management for its clients.
Simplify's Take
What believers are saying
- IBM's acquisition enhances HashiCorp's hybrid cloud capabilities and market reach.
- Vault Enterprise 1.19's post-quantum features attract security-conscious clients.
- Rising demand for Infrastructure as Code boosts Terraform's market potential.
What critics are saying
- Developer unrest over licensing changes may reduce open-source tool adoption.
- CMA's investigation into IBM acquisition could delay strategic initiatives.
- Uncertainty about Terraform's open-source status may deter potential users.
What makes HashiCorp unique
- HashiCorp excels in multi-cloud and hybrid environment management solutions.
- Their open-source and enterprise model attracts a broad user base.
- HashiCorp's tools like Terraform and Vault are industry standards in cloud infrastructure.
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Funding
Total Funding
$7949M
Above
Industry Average
Funded Over
7 Rounds
Bessemer Venture PartnersBenefits
Medical, dental & vision
Life & disability insurance
Flexible spending account (FSA)
Vacation and Other Leaves
401(k)
Family Expansion Benefit
Maternity and Parental Leave
Expanded Mental Health Support
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%IBM has completed its acquisition of HashiCorp for $6.4 billion, paying $35 per share in cash for all outstanding shares. This acquisition aims to enhance IBM's hybrid cloud platform by integrating HashiCorp's automation and security capabilities. The collaboration will support cloud infrastructure management and innovation, leveraging products like Terraform and Vault. The move aligns with IBM's strategy to optimize IT automation and expand its influence in hybrid cloud environments.
Recognizing the need for robust protection, HashiCorp has released Vault Enterprise 1.19, a comprehensive upgrade aimed at enhancing security workflows, integrating post-quantum computing features, and offering long-term support.
IBM has completed its acquisition of HashiCorp for $6.4 billion following regulatory approvals from the U.S. FTC and the U.K.'s CMA. The integration will focus on combining HashiCorp's Terraform with IBM's Ansible for enhanced infrastructure automation. HashiCorp's Vault will also integrate with IBM's OpenShift and Guardium. The acquisition is expected to boost IBM's earnings and free cash flow within two years. HashiCorp recently reported $11 million in adjusted operating income on $173.4 million in revenue.
In merger news, HashiCorp is set to merge with IBM (NYSE:IBM) for $35.00 per share in cash, with the transaction expected to close in the first quarter of 2025, pending closing conditions.
36Kr reports that the Australian regulator has begun reviewing IBM's acquisition of software company HashiCorp. Meanwhile, a report from Guosheng Securities suggests that monetary easing remains a major trend, with expectations of interest rate cuts of around 40 basis points and reserve requirement ratio cuts of 50-100 basis points by 2025. Despite recent setbacks, the overall policy outlook remains positive, with improved US-China relations adding to the optimism.
HashiCorp is Hiring for 142 Jobs on Simplify!
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About HashiCorp
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
HashiCorp is Hiring for 142 Jobs on Simplify!
Find jobs on Simplify and start your career today