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IBM completes acquisition of HashiCorp

newsroom.ibm.com

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Re: IBM completes acquisition of HashiCorp

#212
post #26

Is this even the same company that created Terraform? HashiCorp's trajectory has been baffling...

Turns out, nobody's quite figured out how to successfully charge for free shit, but it's moot when you can just burn venture capital for ten years until you get acquired and chopped for parts.

Re: IBM completes acquisition of HashiCorp

#214
post #39

Sad to see this, but I will again shill for HashiCorp's Nomad as a better alternative to Kubernetes.

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.

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Re: IBM completes acquisition of HashiCorp

#215

Earlier quoted context omitted.

>IBM leadership will give it the RedHat treatment. The dinosaurs at IBM will shelve their IP, and sell it for parts. As someone working at Red Hat since before the acquisition, this does not match my experience of "the Red Hat treatment" even a little bit. I don't doubt that they've handled acquisitions badly in the past but they did a decent job leaving us alone.

Biggest change I've seen is the intranet page now has an option to use IBM's single sign on in addition to RH's single sign on.

There have been larger changes in areas that the SEC could point their fingers at, to make things more uniform between IBM and Red Hat. Sales also had some changes on both sides.

For engineering almost no difference other than switching to Slack.

Re: IBM completes acquisition of HashiCorp

#217

Earlier quoted context omitted.

How is Red Hat going after the acquisition by IBM? From my view, it is going well. The enterprise product (RHEL) is still excellent.

It's going basically fine. If you're in engineering you would never notice the difference.

Companies are often brought in and told that nothing will change, and as long as they can pull their weight, this may be true. IBM seems a pretty diversified company, and there RedHat doing 5% of the total revenue may not be too bad. I don't know how well RedHat is doing commercially, but a few bad quarters could draw negative attention of the sort where upper-management wants to start messing with you, seek more synergy, efficiency, alignment. Being a much smaller small company within Verizon, having been left alone for a little while, we were then told that The Hug was coming. It did. We didn't grow to be their next billion dollar business unit (as no surprise to anyone in our little company), nor were we able to complement other products (ha! synergy!) and we were shuttered. At some point... engineering will notice.

Re: IBM completes acquisition of HashiCorp

#218
post #19

Earlier quoted context omitted.

Depends how you define insider. Employees were subject to a 6 month lockup and during that time the price dropped dramatically, but they still had to pay taxes on the $80 IPO price. Execs and institutional investors that were able to sell at IPO made out quite well though.

> they still had to pay taxes on the $80 IPO price They will get capital losses. That's not perfect.

It's really not. Let me know if you find any lenders that will let me pay off a mortgage with a capital loss.

At least in the startup narrative that circulates on HN, most early employees at a company with that kind of IPO would hope to have a lottery like level of financial windfall. Now their upside is if they manage to get luck a second time they get to offset their winnings? :/

Re: IBM completes acquisition of HashiCorp

#219
post #9

> 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 t…

> These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You aren’t the target market for their “bloviations” - they are targeted at executives, and it isn’t like the executive pays this out of their own pocket, there is a budget and it comes out of the budget. Plus these reports generally aren’t aimed at technical people with…

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Re: IBM completes acquisition of HashiCorp

#220
post #9

> 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 t…

Who the heck is IDC's customer base, exactly? $2,500 for that, or $7,500 for this one about – drumroll, please – feature flags! "Modern digital businesses need to be able to adapt to changing end-user demand, and since feature flags decouple release from deployment, it provides a good solution for improving software development velocity and business agility," said Jim Mercer, program vice president of IDC Software De…

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