informed sourcesdragonslairvideogameIBM is in in-depth talks to acquire software company HashiCorp Inc.
People familiar with the matter said IBM and HashiCorp could reach an agreement as early as Wednesday. People familiar with the matter asked to remain anonymous due to the discussion of confidential information. HashiCorp rose 28% in New York on Tuesday.
There were reports in March that the headquarters were located in San FranciscodragonslairvideogameHashiCorp is considering a sale. People familiar with the matter said that the two sides have not yet reached a final agreement and the negotiations may still end in vain.
Representatives for IBM and HashiCorp declined to comment. Earlier Tuesday, reports emerged that IBM and HashiCorp were in talks.
HashiCorp's software can help companies in a range of industries build digital infrastructure on the cloud, which can reduce costs and speed up bringing products to market. As of Monday's close, the company's share price had fallen 10% in the past 12 months. At 3:02 pm New York time on Tuesday, the stock rose 22% to 30dragonslairvideogame02 US dollars, with a market value of approximately US $6 billion.