M&A Deal Summary

IBM Acquires HashiCorp

On April 24, 2024, IBM acquired information technology company HashiCorp for 6.4B USD

Acquisition Highlights
  • This is IBM’s 43rd transaction in the Information Technology sector.
  • This is IBM’s 2nd largest (disclosed) transaction.
  • This is IBM’s 140th transaction in the United States.
  • This is IBM’s 46th transaction in California.

M&A Deal Summary
Date 2024-04-24
Target HashiCorp
Sector Information Technology
Buyer(s) IBM
Deal Type Add-on Acquisition
Deal Value 6.4B USD

Target

HashiCorp

San Francisco, California, United States
HashiCorp provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data. HashiCorp was founded in 2012 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 196 of 198
Sector (Information Technology) 43 of 44
Type (Add-on Acquisition) 173 of 175
State (California) 46 of 47
Country (United States) 140 of 142
Year (2024) 1 of 3
Size (of disclosed) 2 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 StreamSets

San Francisco, California, United States

StreamSets provides an innovative data operations platform that reinvents how enterprises deliver timely and trustworthy data to their critical applications. StreamSets Data Collector is an open source software for the development of any-to-any dataflows. StreamSets Dataflow Performance Manager provides a comprehensive control panel for managing the day-to-day operation of complex dataflow topologies. StreamSets was founded in 2014 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Accelalpha

Bellevue, Washington, United States

Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

Buy -
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