Big Blue took a big bite out of the secrets management space with its proposed buy of San Francisco-based HashiCorp, which rivals CyberArk in its ability to authenticate and authorize access to sensitive data. Will IBM double down on the privileged access market, or let the technology languish?
Tech giant IBM has confirmed its intention to buy Terraform creator and cloud infrastructure tools vendor HashiCorp for $6.4bn, a deal set to close by the end of.
‘HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl,’ says IBM CEO Arvind Krishna in a statement Wednesday.
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