IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition [TechCrunch]
HashiCorp, Inc. (HCP)
Last hashicorp, inc. earnings: 10/30 04:20 pm
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Source: TechCrunch
It has since moved onto helping IT departments manage complex hybrid environments, using its financial clout to acquire a portfolio of high-profile companies. It began with the $34 billion Red Hat acquisition in 2018, continued with the Apptio acquisition last year, and it kept it going on Wednesday when the company announced that it would be acquiring cloud management vendor HashiCorp for $6.4 billion. With HashiCorp, Big Blue gets a set of cloud lifecycle management and security tools, and a company that is growing considerably faster than any of IBM's other businesses. Although the revenue is small by IBM standards – $155 million last quarter, up 15% over the prior year. That still makes it a healthy and growing business for IBM to add to its growing stable of hybrid cloud tools. IBM CEO Arvind Krishna certainly sees the value of this piece to his company's hybrid strategy, and he even threw in an AI reference for good measure. “HashiCorp has a proven track record of enabling
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HCP
News
- HashiCorp, Inc. (NASDAQ: HCP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- IBM raises its cloud automation game with $6.4bn HashiCorp buy [Yahoo! Finance]Yahoo! Finance
- HashiCorp, Inc. (NASDAQ: HCP) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating.MarketBeat
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: HashiCorp Inc. (Nasdaq - HCP), Heartland Financial, USA Inc. (Nasdaq - HTLF), Deciphera Pharmaceuticals, Inc. (Nasdaq - DCPH), Territorial Bancorp, Inc. (Nasdaq - TBNGlobeNewswire
- HASHICORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HashiCorp Inc. - HCPBusiness Wire
HCP
Earnings
- 3/5/24 - Beat
HCP
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 144
- 5/2/24 - Form 144
- HCP's page on the SEC website