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Stock impact report

IBM raises its cloud automation game with $6.4bn HashiCorp buy [Yahoo! Finance]

HashiCorp, Inc. (HCP) 
Last hashicorp, inc. earnings: 10/30 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.hcpi.com
Company Research Source: Yahoo! Finance
HashiCorp's catalog includes infrastructure lifecycle management and security lifecycle management, solutions that enterprises can use to automate hybrid and multi-cloud environments. This will extend IBM's automation and multi-cloud management product set, which it currently delivers through the Red Hat subsidiary. IBM executives were questioned about any potential overlap between HashiCorp's solution set and Red Hat's offerings; They said they were distinctly different capabilities. HashiCorp delivers a record for the workflows necessary for hybrid and multi-cloud deployments, while the company's flagship Terraform is popular with enterprises looking to automate cloud infrastructure provisioning, which is more closely associated with the initial cloud migration. IBM executives said that Red Hat's Ansible software suite is much more closely associated with ongoing cloud management. IBM acquisitions The acquisition follows IBM's $4.6bn deal to buy cloud financial management v Show less Read more
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