alt Hacker NewsI 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.
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They said the same thing about Red Hat. The fact that Whitehurst resigned from IBM should tell you something.
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.
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 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.
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.
They tell that to every company they buy