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IBM to buy HashiCorp in $6.4B deal

reuters.com

91–100 of 391 posts

Re: IBM to buy HashiCorp in $6.4B deal

#91

Overpriced, haha.

Agree, this number seems enormous. Maybe there is a big stream of hosted services revenue that I'm just not participating.

Hashicorp is public. It's like a 15% premium on what their stock was trading at so it can't be too overpriced (or at least, more than it was already)

Re: IBM to buy HashiCorp in $6.4B deal

#92

I've spent last 3 days learning nomad for my homelab setup, hope things stay more or less the same for it :)

Nomad has a remarkably strong community for it's size. I'm almost positive it will continue to live in some format, even if completely hard-forked.

I know if nobody else does anything I will do something myself, personally.

I love Kubernetes, however I feel like things like Nomad and Mesos have a space to exist in as well. Nomad especially holds a special place in my tech-heart. :)

Re: IBM to buy HashiCorp in $6.4B deal

#93

Hashi never sold me on the integration of their products, which was my primary issue with not selecting them. Each is independently useful, and there is no nudge to combine them for a 1+1=3 feature set. Kubernetes was the chasm. Owning the computing platform is the core of utilizing Vault and integrating it. The primary issue was that there was never a "One Click" way to create an environment using Vagarent, Packer,…

FWIW, "HashiStack" was a much discussed, much promised, but never delivered thing. I think the way HashiCorp siloed their products into mini-fiefdoms (see interactions between the Vault and Terraform teams over the Terraform Vault provider) prevented a lot of cross-product integration, which is ironic for how "anti-silo" their go to market is.

There's probably an alternate reality where something like HashiStack became this generation's vSphere, and HashiCorp stayed independent and profitable.

Re: IBM to buy HashiCorp in $6.4B deal

#94
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.

I don’t understand people’s beef with IBM. They have been responsible for incredible R&D within computing. I even LIKE redhat/fedora!

HashiCorp had already been sold out since waaaay before this acquisition and I also don’t understand why their engineers are seen as “special”…

Re: IBM to buy HashiCorp in $6.4B deal

#95

I expected this when the terraform license changed. Not IBM specifically but it was obvious they weren't interested/ able to continue with their founding vision.

Hashicorp had a $14 billion IPO in Dec 2021 and was trading at ~$4.7 billion right before the acquisition announcement. At that point it doesn't matter what the company or its founders want or what their long term vision is. Shareholders are in charge and heads are going to roll if the price doesn't get back up quick by any means necessary.

Re: IBM to buy HashiCorp in $6.4B deal

#96

Is OpenTofu better?

Hashicorp does so much more than terraform, but I don’t think OpenTofu is better than terraform. I’m not sure that was ever really an interesting issue, however, I think the main competition to terraform was/is things like Bicep.

I know the decision makers in our shop spent quite a lot of time deciding between the two. Finally decided on bicep after a number of what has probably been the most boring workshops I’ve ever attended. I’m fairly certain they are very happy with that decision now though. Not so much because big blue is evil, but because now we’re only beholden to one evil (Microsoft) and not two.

I don’t actually think Microsoft or IBM are evil. They are just not ideal from an European enterprise perspective because they are subject to an increasing amount of anti-non-eu legalisation and national/internal security issues.

Re: IBM to buy HashiCorp in $6.4B deal

#97
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.

A lot of the people I respected from Heroku went there, glad they got a chance to use their skills to build something useful and profitable; glader still that they got their payout.

Sadly I echo your sentiment about the future, as someone who has heard second-hand about the quality of work at modern Redhat.

I am wondering how many more rounds of consolidation are left until there is no more space to innovate and we only have ossified rent-seeking entities in the IT space.

Re: IBM to buy HashiCorp in $6.4B deal

#98
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.

> HashiCorp always felt like a company made by actual engineers.

IDK about this, in 2018 I was in a position to pay for their services. They asked for stupid amount of money and got none because they asked so much.

Can't remember what the exact numbers were but but it felt like ElasticSearch or Oracle.

Re: IBM to buy HashiCorp in $6.4B deal

#99
post #94
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.

I don’t understand people’s beef with IBM. They have been responsible for incredible R&D within computing. I even LIKE redhat/fedora! HashiCorp had already been sold out since waaaay before this acquisition and I also don’t understand why their engineers are seen as “special”…

People's beef here with IBM is they don't make shiny phones and laptops and don't create hip jobs where you're paid 500k+ to "change the world" by selling ads or making the 69th messaging app.

They just focus on tried and tested boring SW that big businesses find useful and that's not popular on HN which is more startup and disruption focused.

Re: IBM to buy HashiCorp in $6.4B deal

#100

Although I think they have very different use cases this means IBM own both Ansible and Terraform, both claiming to be IaC

Although there is significant overlap between the two, I prefer Terraform for resource provisioning and Ansible for resource configuration.
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