International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter.
Hashicorp's stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks.
Under CEO Arvind Krishna, IBM has focused on acquisitions to build out its cloud offerings. The boom in…

#hashicorp#arvindkrishna#ibm#wsj#apptio#vistaequitypartners#redhat