HashiCorp listed on the Nasdaq Market website on December 9, 2021.
Source: Nasdaq
bridge company Media reports said shares rose nearly 20% on Tuesday International Business Machines Corporation It is in talks to acquire a cloud software maker.
Developers use HashiCorp’s software to provision and manage infrastructure in public clouds, such as Amazon and Microsoft operate. Organizations also pay HashiCorp to manage security credentials.
The Wall Street Journal, citing unnamed sources, said the deal could come to fruition in the coming days.
Representatives for HashiCorp and IBM both told CNBC that they do not comment on market rumors or speculation.
HashiCorp was founded in 2012 and listed on Nasdaq in 2021. annual report. In December, HashiCorp co-founder Mitchell Hashimoto’s surname was reflected in the company’s name, declare He’s leaving.
Revenue grew nearly 23% during the period, and IBM’s 2023 revenue growth is 2%. The hardware, software and consulting provider reports earnings on Wednesday.
Cisco HashiCorp held $9 million worth of stock as of the end of March, according to a report. Supervision filing.Cisco has held early acquisition talks with HashiCorp, according to a person familiar with the matter 2019 report.
IBM shares fell after the Journal article was published, but quickly recovered to close flat on Thursday.
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