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IBM to buy HashiCorp in $6.4B deal

reuters.com

271–280 of 391 posts

Re: IBM to buy HashiCorp in $6.4B deal

#271

Earlier quoted context omitted.

Like how Google bought Doubleclick and definitely not the other way around?

Oh if only - it seems like somehow the shittiest culture manages to out survive the other and entrench itself inside the business. I know HN likes to blame this on the stock market forcing short term revenues but I think it goes deeper - the good "culture" employees actively flee these environments. Boeing acquiring McDonald Douglas is a classic example of this exact scenario: "McDonald Douglas bought Boeing with Boe…

Both can be true at the same time, though. With one reinforcing the other.

Re: IBM to buy HashiCorp in $6.4B deal

#273

Earlier quoted context omitted.

I was an extremely early user and owner of a very large-scale Vault deployment on Kubernetes. Worked with a few of their sales engineers closely on it - was always told early on that although they supported vault on kubernetes via a helm chart, they did not recommend using it on anything but EC2 instances (because of "security" which never really made sense their reasoning). During every meeting and conference I'd as…

(I have no idea what your infra is so don’t take this as prescriptive) My feeling is that for the average company operating in a (single) cloud, there’s no reason to use vault when you can just used AWS Secret Manager or the equivalent in azure or GCE and not have to worry about fucking Etcd quorums and so forth. Just make simple api calls with the IAM creds you already have.

This^ Unless you're a hybrid/multiple cloud environment, there's no much point in using Vault.

Re: IBM to buy HashiCorp in $6.4B deal

#274
post #126

Earlier quoted context omitted.

While I would think that, realistically most of my principles are for sale for a few billion dollars.

If anyone is listening, I'll gladly undercut this guy by a few orders of magnitude

You need to let some head space for the inevitable bargaining, let's act as sensible cartel members and not undercut ourselves in a race to the bottom, capisce?

Re: IBM to buy HashiCorp in $6.4B deal

#275

Earlier quoted context omitted.

I was an extremely early user and owner of a very large-scale Vault deployment on Kubernetes. Worked with a few of their sales engineers closely on it - was always told early on that although they supported vault on kubernetes via a helm chart, they did not recommend using it on anything but EC2 instances (because of "security" which never really made sense their reasoning). During every meeting and conference I'd as…

(I have no idea what your infra is so don’t take this as prescriptive) My feeling is that for the average company operating in a (single) cloud, there’s no reason to use vault when you can just used AWS Secret Manager or the equivalent in azure or GCE and not have to worry about fucking Etcd quorums and so forth. Just make simple api calls with the IAM creds you already have.

Caveat: the HCP hosted vault is reasonably priced and works well.

However, strong agree on using your home cloud's service.

We used Vault with Heroku and were happy.

Re: IBM to buy HashiCorp in $6.4B deal

#276
post #95

Earlier quoted context omitted.

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.

Yet another example of why I think it's a mistake to take your company public. If I put in the work to build up a successful business, no way would I ever let it be turned into a machine that ignores long term health for the sake of making the stock price go up.

if you go thru VC you are expected to go public to generate returns for the early investors. its baked in

Re: IBM to buy HashiCorp in $6.4B deal

#277
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”…

IBM is to software as Boeing is to planes.

I will not be taking questions ;-)

Re: IBM to buy HashiCorp in $6.4B deal

#278
post #261

IBM is trying to increase its "AI revenue" through acquisitions, a standard MBA playbook move (although analysts see through this and often ask specifically for "organic" revenue instead to tease that apart from revenue via acquisitions). In the past, IBM was a technology leader, and probably still has substantial talent excellent inhouse, but from what I'm hearing it has become less appreciative of its researchers a…

IBM is a finance company with a tech brand. Business units are black (profitable) or red. They buy them, juice their profits, eventually they extract too much, they turn red. They bundle a few husks together, sell them off eg. Lenovo, or IPO them eg. Kyndryl.

Re: IBM to buy HashiCorp in $6.4B deal

#279

Earlier quoted context omitted.

Do you mean Terraform, not Ansible?

IBM owns Ansible, redserk is saying Terraform will go a similar route. Although I don't see what they mean by core being lower priority than paid. The paid features are all available for free via AWX, which is the open source upstream of the paid product AAP.

Red Hat's business model is "Hellware"--the open source versions are designed to be incredibly difficult to install/manage/upgrade or without any kind of stability that you're forced to pay for their versions.

Re: IBM to buy HashiCorp in $6.4B deal

#280

Earlier quoted context omitted.

Yet another example of why I think it's a mistake to take your company public. If I put in the work to build up a successful business, no way would I ever let it be turned into a machine that ignores long term health for the sake of making the stock price go up.

If companies didn’t go public regular people would not be able to invest in innovation. As much as people hate it, public markets democratize access to investments

Yeah, they sure innovated with all that public money they got over...three years? What did the release in the last three years exactly?

Also, what "democratic access" did people get? The ability to buy at $80 a share and then eventually sell it at $30?

Does anyone really believe this kind of stuff anymore?

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