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IBM to buy HashiCorp in $6.4B deal

reuters.com

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Re: IBM to buy HashiCorp in $6.4B deal

#81

Post by busymom0 »

Waterluvian wrote: post #58
belter wrote: post #43

Earlier quoted context omitted.

This type of comment appears here every time the name IBM shows up, but it is more symptomatic, of the bubble a part of HN lives on. Think every core IT infra of most of the developed world countries, most of the ebanking and core messaging infra of your large banks and insurance companies, plus billions per year in consulting services revenue. https://www.ibm.com/products https://en.wikipedia.org/wiki/List_of_IBM_pr…

Yep. My dad sold IBM server software for most of his career. His customers were banks, railways, and governments.

I worked for IBM in early 2010s and Universities were also one of their customers for business analytics.

Re: IBM to buy HashiCorp in $6.4B deal

#83

Post by bloopernova »

If this accelerates migration away from Terraform towards a standard, open, IaC platform, then it's a good thing. Something like the JSON version of Terraform that can be generated by different tools, but an open standard instead.

Be "interesting" to see what happens to the recently-renamed Terraform Cloud (now Hashicorp Cloud Platform Terraform :eyeroll:)

Edited to add: I'm guessing the feature I want added to the terraform language server is never going to happen now. Terraform's language server doesn't support registries inside Terraform Cloud, it doesn't know how to read the token in your terraformrc. bleh.

Re: IBM to buy HashiCorp in $6.4B deal

#85

Post by dralley »

ilrwbwrkhv wrote: post #65
hbogert wrote: post #62

> By joining IBM, HashiCorp products can be made available to a much larger audience, enabling us to serve many more users and customers. I'm really wondering who is kidding who here. Is it IBM or Hashi?

It's a shame that HashiCorp gave up. The govt bans foreign competition like Tiktok and in house competition don't have the stamina. Doesn't bode well for capitalism.

"Give up" is not really the appropriate terminology, the board of directors are the only ones that really have a say in acquisitions, and if the offer was given with a sufficient premium their own choice is limited by willingness to face shareholder lawsuits if they turn it down.

Re: IBM to buy HashiCorp in $6.4B deal

#88

Post by binarymax »

tithe wrote: post #51
calgoo wrote: post #49

Well, it was nice while it lasted! HashiCorp always felt like a company made by actual engineers, not "bean counters". Now it will just be another cog in the IBM machine, slowly grinding it down, removing everything attractive, just like RedHat and CentOS. Hopefully this will create a new wave off innovation, and someone will create something to replace the monopoly on IaC that IBM now owns.

The timing of this acquisition, and the FTC's ban on non-compete agreements is perfect.

Usually during an acquisition like this, the key staff are paid out after two years on board the new company. So not a non-compete, but an incentive to stay and get their payout.

Most staff with no equity will leave quickly of course, so the invalidity of non compete will definitely help those souls.

Re: IBM to buy HashiCorp in $6.4B deal

#90

Post by dralley »

calgoo wrote: post #56
rezonant wrote: post #29

Earlier quoted context omitted.

I bet they'll organize it under Red Hat, and Red Hat will apply their open source policy to it, and that will involve reverting to OSI approved licenses

I mean, they bought Red Hat, and killed CentOS; I can say after 25 years in enterprise IT, I have zero trust in IBM to keep any open source licensing "open".

IBM didn't kill CentOS.
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