I hope Hashicorp survives. A few higher ups I’ve talked to there made it seem like IBM wants to learn from them, not force their old ways onto Hashicorp. We’ll see. That one is still pretty new.
They said the same thing about Red Hat. The fact that Whitehurst resigned from IBM should tell you something.
I'm pretty sure Jim had aspirations of being IBM CEO but they picked Arvind instead.
exactly. standard move when you aren't going to get a second shot.
They tell that to every company they buy
HCP wasn't any prize when they got bought, though, right? HashiCorp Cloud was more like a fog in terms of growth. A bunch of products got lost a long the way (Boundary? Waypoint?) HCP lost 50% of its IPO value by the time it was bought. Yes, I know IPO's are high and always go down, but it went from around a $14bn valuation to being bought for something like $6.5bn.
Not to mention HashiCorp bled talent before the acquisition was even announced (BUSL started it) and it didn’t really stop as far as I’m aware.
I never quite figured out why IBM even bought them. Terraform? Wasn’t there an open source clone by that point?
terraform and vault are both sticky products
Not to be cynical but that's said a lot in acquisitions by bigger companies to motivate some people to stay, but just doesn't seem to happen.
And even if there is a 20% of executives actually believe in "We should learn from HashiCorp", usually not even that is enough to counter-act the default mode of operation which is squeezing customers. GLHF to remaining HashiCorp believers, but personally I'd try to find alternatives for the software you use from them if you haven't already.
Executives will say anything to boost the next quarter results. After that they get rebooted and start again, and nothing they said before counts for anything.
And in two years, the acquired management team all leaves like clockwork because they got their retention bonus.
Usually the internal stakeholder that made the case to acquire the business leaves/gets promoted and new managers come in and start the assimilation process.
For every incredible journey there is an equal and opposite lesson to be learned
Judging from what my contacts say, I would not hold my breath. HCP is going to get smashed by bureaucracy and bigcorp bs just like all other IBM acquisitions. All you have to do to verify this is look at linkedin and track the departures of the the acquired staff.
My friends at RedHat were embracing similar forms of copium. By now they've all either moved on or are actively hand sitting while exploring options.