Full-Time
Posted on 8/13/2024
Cloud infrastructure and security management solutions
$55.4k - $71kAnnually
Entry
San Francisco, CA, USA
Onsite position in San Francisco, California.
HashiCorp specializes in cloud infrastructure and security management, providing tools that help organizations automate and manage their operations across multiple cloud platforms and on-premises data centers. Their products enable businesses to efficiently set up, maintain, and secure their cloud resources while ensuring compliance with regulations. HashiCorp serves a wide range of clients, from large enterprises to startups, addressing the growing challenges of cloud costs and the need for skilled professionals in the rapidly expanding cloud sector. Unlike many competitors, HashiCorp offers both open-source and enterprise versions of its products, allowing a broad user base to access their tools, with the potential to convert users into paying customers for more advanced features. The company's goal is to provide high-value solutions that optimize cloud spending and enhance infrastructure management.
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$339.5M
Headquarters
San Francisco, California
Founded
2012
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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
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.
IBM's $6.4 billion acquisition of HashiCorp is under investigation by the UK's Competition and Markets Authority (CMA) to assess potential impacts on competition. The merger, initially set to close by 2024, is paused as the CMA invites public comments until Jan. 16, 2025, with a decision deadline of Feb. 25, 2025. IBM plans to integrate HashiCorp into its software business, enhancing AI capabilities in cloud infrastructure tools. Both companies' shareholders have approved the deal.
IBM's proposed $6.4 billion acquisition of cloud infrastructure automation company HashiCorp is facing increased scrutiny from U.K. regulators over potential antitrust concerns.