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IBM closes $6.4B HashiCorp acquisition
IBM has finalized its $64 billion HashiCorp acquisition, two days after the U.K.'s antitrust regulator gave the deal its blessing.
At any rate, Terraform’s ability to help companies provision their infrastructure — i.e. configure the various hardware, software, and network components required to run applications and services — across on-prem and cloud environments fits well with IBM’s own strategy. IBM is one of several legacy software companies riding the AI and cloud computing wave to great riches, with “Big Blue” currently sitting at an all-time high valuation of nearly $240 billion. “Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated cloud infrastructure at significant scale,” IBM executive Rob Thomas said in a statement.
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