Full-Time
Posted on 11/13/2024
Automates multi-cloud and hybrid infrastructure management
$126.1k - $178kAnnually
Mid, Senior
Remote in USA
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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 option for businesses to purchase additional features and support. 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
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.
IBM is acquiring HashiCorp for $35 per share, totaling $6.4 billion. The acquisition aims to enhance IBM's hybrid cloud and DevOps capabilities, aligning with its 2019 Red Hat acquisition. Despite HashiCorp's licensing changes causing developer unrest, IBM sees value in integrating HashiCorp's tools like Terraform and Vault. While IBM's software sector shows growth, its shares declined post-announcement. The future of Terraform's open-source status remains uncertain.
HashiCorp announced in February 2024 the release of updated Terraform tools to increase support for multi-cloud deployments and enable more efficient management of hybrid infrastructures.