IBM completes acquisition of HashiCorp

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.

Re: IBM completes acquisition of HashiCorp

#5

Post by danw1979 » Thu, Feb 27, 2025, 10:45 PM UTC

tinyhouse wrote: post #3

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

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.

Re: IBM completes acquisition of HashiCorp

#6

Post by daveguy » Thu, Feb 27, 2025, 10:46 PM UTC

tinyhouse wrote: post #3

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

I'm surprised the deal was worth more than the market cap when they did the license rug pull.

Re: IBM completes acquisition of HashiCorp

#7

Post by toomuchtodo » Thu, Feb 27, 2025, 10:48 PM UTC

daveguy wrote: post #6

tinyhouse wrote: post #3

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

I'm surprised the deal was worth more than the market cap when they did the license rug pull.

Broadcom VMware play. If you’re invested as an enterprise in the ecosystem, is going to be a while before you can extricate yourself. In the meantime, you must pay up.

Re: IBM completes acquisition of HashiCorp

#8

Post by nailer » Thu, Feb 27, 2025, 10:51 PM UTC

toomuchtodo wrote: post #7

daveguy wrote: post #6

Earlier quoted context omitted.

I'm surprised the deal was worth more than the market cap when they did the license rug pull.

Broadcom VMware play. If you’re invested as an enterprise in the ecosystem, is going to be a while before you can extricate yourself. In the meantime, you must pay up.

That's true, but it's easier to switch from Terraform to Pulumi than it is to move from VMware to some other virtualization platform.

Re: IBM completes acquisition of HashiCorp

#9

Post by jcgrillo » Thu, Feb 27, 2025, 10:54 PM UTC

> By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications.

lmfao what the fuck? The source they reference: https://www.idc.com/getdoc.jsp?containerId=US51953724

These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay.

You know it's bad when the only people making money on this crap are management consultants.

Thinking back to 2014 using vagrant to develop services locally on my laptop I never would have imagined them getting swallowed up by big blue as some bizarre "AI" play. Shit is getting real weird around here.

Re: IBM completes acquisition of HashiCorp

#10

Post by jeeyoungk » Thu, Feb 27, 2025, 10:54 PM UTC

danw1979 wrote: post #5

tinyhouse wrote: post #3

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

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 so many of them (especially if you use IaaC to create very elaborate scheme).