IT major IBM has acquired multi-cloud infrastructure automation company HashiCorp for $35 per share in cash, or an enterprise value of $6.4 billion. HashiCorp's capabilities will drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting, the company said in a statement. "Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments,” said Arvind Krishna, IBM Chairman and CEO.