IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three: Amazon, Microsoft and Google. 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 ...

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.IBM shares slipped 5% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted.In a statement, IBM announced that it intends to pay $35 per share in cash for HashiCorp in a deal with a $6.4 billion enterprise value, net of cash. On Tuesday, The Wall Str ...

International Business Machines Corporation (IBM) is in advanced discussions to purchase HashiCorp Inc. (HCP) , per a Wall Street Journal report. Based in California, HashiCorp is a software company that enables organizations to efficiently automate multi-cloud and hybrid environments with its Infrastructure Lifecycle Management and Security Lifecycle Management solutions.Earlier this year, a Bloomberg article hinted at HashiCorp considering a potential sale. The company has consistently exceeded earnings e ...

HashiCorp, Inc. (HCP) shares rallied 21.4% in the last trading session to close at $29.15. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.8% loss over the past four weeks.The upswing in shares can be attributed to rumors that IBM might bid for HashiCorp.This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +85.7%. Revenues are ...

The Wall Street Journal reported IBM may be nearing a deal to buy the software maker.Shares of cloud automation software company HashiCorp (HCP 19.67%) were rallying hard on Tuesday, up 21.7% as of 3:56 p.m. ET.The software company, which went public in 2021 and helps businesses set up their cloud infrastructure, is apparently nearing a deal to be acquired by tech giant IBM (IBM 0.16%), according to an exclusive report in The Wall Street Journal.The company had been rumored to be seeking a buyer since March ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

HashiCorp shares jumped as much as 26% on Tuesday following a media report claiming IBM was in talks to acquire the cloud software maker.Developers use HashiCorp's software to set up and manage infrastructure in public clouds that companies such as Amazon and Microsoft operate. Citing unnamed sources, The Wall Street Journal said a deal could come in the next few days.HashiCorp and IBM both declined to comment.Founded in 2012, HashiCorp went public on Nasdaq in 2021. The company generated a net loss of near ...

NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) --  HashiCorp, Inc. (NASDAQ:HCP), a leader in multi-cloud infrastructure automation software, today introduced The Infrastructure Cloud™, a unification of its products onto a single platform, the HashiCorp Cloud Platform (HCP), which delivers fully integrated solutions for Infrastructure Lifecycle Management and Security Lifecycle Management across multiple clouds. The cloud promised to deliver transformative business benefits for speed, cost, and risk. However, nea ...

MADRID, Spain, April 17, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ:HCP), a leading provider of multi-cloud infrastructure automation software, announced today the opening of its Madrid tech hub, located at Paseo de La Castellana in Nuevos Ministerios, Madrid. This initiative marks a significant milestone in HashiCorp's commitment to grow its European presence and support companies with its Infrastructure (ILM) and Security Lifecycle Management (SLM) software that has become essential for enterprises ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-41121 HashiCorp, Inc. (Exact name of Registrant as specified in its charter) Delaware 32-0410665 (State or other juri ...