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IBM is handling the HashiCorp brand in much the same way as it once did with Red Hat: the independence remains, the logo has merely been supplemented with the information “An IBM company”.

For HashiCorp, the company behind popular security and infrastructure management tools such as Vault and Terraform, a new chapter in its company history is beginning: the one under the IBM umbrella.

International Business Machines Corporation IBM recently announced that it has completed the acquisition of HashiCorp Inc. (HCP) for an enterprise value of $6.4 billion.

Through the acquisition, IBM expects HashiCorp’s capabilities to drive key synergies across strategic growth areas, including watsonx, data security, Red Hat and IT automation and consulting.

The closing of IBM's acquisition of HashiCorp includes all of the issued and outstanding common shares of HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

IBM Corp. today closed its acquisition of infrastructure automation provider HashiCorp Inc. for $6.4 billion. The companies originally expected to finalize the deal by the end of 2024.