IBM (NYSE: IBM) shares began Thursday in “plus” range, on word “Big Blue” has completed its acquisition of HashiCorp, whose products automate and secure the infrastructure that underpins hybrid cloud applications and generative AI. Together the companies’ capabilities will help clients accelerate innovation, strengthen security, and get more value from the cloud.
Today nearly 75% of enterprises are using hybrid cloud, including public clouds from hyperscalers and on-prem data centers, which can enable true innovation with a consistent approach to delivering and managing that infrastructure at scale.
Enterprises are looking for ways to more efficiently manage and modernize cloud infrastructure and security tasks from initial planning and design, to ongoing maintenance. By 2028, it is projected that generative AI will lead to the creation of one billion new cloud-native applications. Supporting this scale requires infrastructure automation far beyond the capacity of the workforce alone.
“Organizations globally are looking to deploy modern, hybrid cloud-ready apps, which require automated cloud infrastructure at significant scale,” said IBM Chief Commercial Officer Rob Thomas.
“With this acquisition, IBM is committed to continuing to invest in and grow the HashiCorp capabilities, and together, with HashiCorp’s leading technology and extensive developer community, IBM’s global reach and R&D resources, our aim is to infuse HashiCorp technology in every data center.”
IBM shares took on nine cents to $255.68.
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