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"Red Hash"? IBM vows to run the Red Hat playbook after $6.4 billion HashiCorp buyout

Red Hat's book of hybrid cloud business is now $2.8B ARR

IBM has agreed to buy HashiCorp for $6.4 billion in cash in a deal expected to close this calendar year – with Big Blue CEO Arvind Krishna telling investors on an earnings call that the acquisition will mean “clients want to do business with us in the environments they're going to.”

(Dear reader, that's "the cloud", if not IBM Cloud...)

Krishna and IBM CFO Jim Kavanaugh vowed to replicate IBM's experience scaling and upselling Red Hat in the enterprise using its formidable market reach to help HashiCorp land larger enterprise scale deals.

Whether that means a fresh change to Terraform's previously open source licence remains an open question; that particular issue did not get an airing on an IBM earnings call Q&A, nor in a press release on the deal.

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