[HN Gopher] IBM Completes Acquisition of HashiCorp
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       IBM Completes Acquisition of HashiCorp
        
       Author : ahurmazda
       Score  : 53 points
       Date   : 2025-02-27 22:28 UTC (31 minutes ago)
        
 (HTM) web link (newsroom.ibm.com)
 (TXT) w3m dump (newsroom.ibm.com)
        
       | tinyhouse wrote:
       | Investors at IPO lost quite a bit of money...
        
         | danw1979 wrote:
         | Yeap we did. I wrote it off around the time of the licence
         | change, just after they decided to ditch the TF Team plan in
         | favour of the utterly ridiculous "Resources Under Management"
         | billing model.
         | 
         | I knew the company had lost the plot at that point.
        
           | jeeyoungk wrote:
           | Who's the target audience for this pricing that can afford
           | this? The RUM pricing is indeed quite ridiculous.
           | 
           | It feels quite ridiculous, especially if you are managing
           | "soft" resources like IAM roles via Terraform / Pulumi. At
           | least with real resources (say, RDS instances), one can argue
           | that Terraform / Pulumi pricing is a small percentage of the
           | cloud bill. But IAM roles are not charged for in cloud, and
           | there are so many of them (especially if you use IaaC to
           | create very elaborate scheme).
        
         | daveguy wrote:
         | I'm surprised the deal was worth more than the market cap when
         | they did the license rug pull.
        
           | toomuchtodo wrote:
           | Broadcom VMware play. If you're invested as an enterprise in
           | the ecosystem, is going to be a while before you can
           | extricate yourself. In the meantime, you must pay up.
        
             | nailer wrote:
             | That's true, but it's easier to switch from Terraform to
             | Pulumi than it is to move from VMware to some other
             | virtualization platform.
        
         | yellow_lead wrote:
         | Had to check the numbers. IPO at $80 and sold to IBM for $35.
         | 
         | Not great for investors, but insiders benefitted a lot!
        
       | jmclnx wrote:
       | Sorry HashiCorp, been there and got the Tee-shirt (pink) :)
       | 
       | Actually for me, the company I was at that IBM purchased was on
       | the verge of folding, so in that case, IBM saved our jobs and I
       | was there for many years.
        
       | jcgrillo wrote:
       | > By 2028, it is projected that generative AI will lead to the
       | creation of 1 billion new cloud-native applications.
       | 
       | lmfao what the fuck? The source they reference:
       | https://www.idc.com/getdoc.jsp?containerId=US51953724
       | 
       | These clowns want $2500 goddamned american dollars for the
       | privilege of reading their bloviations on this topic, which i
       | absolutely will not pay.
       | 
       | You know it's bad when the only people making money on this crap
       | are management consultants.
        
         | yellow_lead wrote:
         | Every time ChatGPT outputs a Dockerfile, it counts as a cloud
         | native application, right? :)
        
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       (page generated 2025-02-27 23:00 UTC)