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IBM completes acquisition of HashiCorp

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61–70 of 407 posts

Re: IBM completes acquisition of HashiCorp

#61
post #39

Earlier quoted context omitted.

Nomad is way easier to self-manage than K8s, but GCP does that for me, with all the compliance boxes checked, for extremely cheap. Every cloud provider is in that boat. Nomad will be more work and more money, be it compute or enterprise fees. I'm sticking with k8s.

The convenience and ease of use isn't worth the increased costs?

Who's to say it doesn't cost more in time and effort?

Re: IBM completes acquisition of HashiCorp

#62
The consolidation of power and IP into just several tech companies is worrying to me. Having the misfortune of working at IBM for just a few months, IBM leadership will give it the RedHat treatment. The dinosaurs at IBM will shelve their IP, and sell it for parts. Maybe Bloodmoar will buy up the rest and squeeze whatever remaining profit from acquisition.

If given the chance, just take the exit rather than trying to integrate into IBM.

Re: IBM completes acquisition of HashiCorp

#63

Earlier quoted context omitted.

Who's the target audience for this pricing that can afford this? The RUM pricing is indeed quite ridiculous. It feels quite ridiculous, especially if you are managing "soft" resources like IAM roles via Terraform / Pulumi. At least with real resources (say, RDS instances), one can argue that Terraform / Pulumi pricing is a small percentage of the cloud bill. But IAM roles are not charged for in cloud, and there are s…

Who's the target audience for this pricing that can afford this? The kind of customers it is good to have. Because filtering out price sensitive customers is a sound business strategy. As a rule of thumb, solve any problem your customer might have. Except not having money.

Good for who? Good for people getting bonuses? Good for executives?

It doesn't seem to be good for the customers or the people using the software or the people contributing to the open source code. It also doesn't seem to have been good for the investors, looking at the other comments.

Re: IBM completes acquisition of HashiCorp

#64
post #43

Investors at IPO lost quite a bit of money...

Yup that's me. Happy user of terraform at that time so bought their stock on the day of IPO.

Where you paying Terraform for anything at the time?

My doubt in the value of the company was that I've been using Terraform for years in Enterprise settings and never needed to pay the company for anything.

Re: IBM completes acquisition of HashiCorp

#65
post #5

Earlier quoted context omitted.

Yeap we did. I wrote it off around the time of the licence change, just after they decided to ditch the TF Team plan in favour of the utterly ridiculous “Resources Under Management” billing model. I knew the company had lost the plot at that point.

Who's the target audience for this pricing that can afford this? The RUM pricing is indeed quite ridiculous. It feels quite ridiculous, especially if you are managing "soft" resources like IAM roles via Terraform / Pulumi. At least with real resources (say, RDS instances), one can argue that Terraform / Pulumi pricing is a small percentage of the cloud bill. But IAM roles are not charged for in cloud, and there are s…

That must explain why they broke up the S3 resources into a bunch of tiny resources.

Re: IBM completes acquisition of HashiCorp

#67
post #4

Sorry HashiCorp, been there and got the Tee-shirt (pink) :) Actually for me, the company I was at that IBM purchased was on the verge of folding, so in that case, IBM saved our jobs and I was there for many years.

We experienced arbitrary layoffs in 2023, followed by an ominous feeling that more layoffs were imminent. However, the announcement of a deal changed the situation. Now, we are actively hiring for numerous positions. Personally, I am not planning to stay much longer. I had hoped that our corp structure would be similar to RedHat, but it seems that they intend to fully integrate us into the IBM mothership.

I really wanted to work at HashiCorp in 2017/2018 and did five interviews in one day only to get ghosted[1]. That experience soured me on HC and its tools but I still admired them from afar.

End of an era.

---

[1]: https://blog.webb.page/2018-01-11-why-the-job-search-sucks.t...

Re: IBM completes acquisition of HashiCorp

#68
post #4

Sorry HashiCorp, been there and got the Tee-shirt (pink) :) Actually for me, the company I was at that IBM purchased was on the verge of folding, so in that case, IBM saved our jobs and I was there for many years.

We experienced arbitrary layoffs in 2023, followed by an ominous feeling that more layoffs were imminent. However, the announcement of a deal changed the situation. Now, we are actively hiring for numerous positions. Personally, I am not planning to stay much longer. I had hoped that our corp structure would be similar to RedHat, but it seems that they intend to fully integrate us into the IBM mothership.

Red Hat has been a very atypical approach. There has been some swapping of teams back and forth but, as far as I can tell (been out of it for a while), Red Hat is still quasi-independent. Still lots of changes (probably most notably because of a lot of growth) but strategic Red Hat areas still seem to be pretty independent.

Re: IBM completes acquisition of HashiCorp

#69

Investors at IPO lost quite a bit of money...

Had to check the numbers. IPO at $80 and sold to IBM for $35. Not great for investors, but insiders benefitted a lot!

IPOs became exits in 2008. They’re no longer about raising capital

Re: IBM completes acquisition of HashiCorp

#70

Earlier quoted context omitted.

We experienced arbitrary layoffs in 2023, followed by an ominous feeling that more layoffs were imminent. However, the announcement of a deal changed the situation. Now, we are actively hiring for numerous positions. Personally, I am not planning to stay much longer. I had hoped that our corp structure would be similar to RedHat, but it seems that they intend to fully integrate us into the IBM mothership.

I really wanted to work at HashiCorp in 2017/2018 and did five interviews in one day only to get ghosted[1]. That experience soured me on HC and its tools but I still admired them from afar. End of an era. --- [1]: https://blog.webb.page/2018-01-11-why-the-job-search-sucks.t...

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