Ibm to acquire hashicorp, inc. creating a comprehensive end-to-end hybrid cloud platform

$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today's ai-driven application growth and complexity hashicorp's capabilities to drive significant synergies across multiple strategic growth areas for ibm, including red hat, watsonx, data security, it automation and consulting as a part of ibm, hashicorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives transaction expected to be accretive to adjusted ebitda within the first full year, post close, and free cash flow in year two armonk, n.y. and san francisco , april 24, 2024 /prnewswire/ -- ibm (nyse: ibm) and hashicorp inc. (nasdaq: hcp), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which ibm will acquire hashicorp for $35 per share in cash, representing an enterprise value of $6.4 billion.
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