SAN FRANCISCO - HashiCorp Inc. (NASDAQ: NASDAQ:HCP), a company specializing in multi-cloud infrastructure automation, today announced that its stockholders have voted in favor of the acquisition by IBM (NYSE: NYSE:IBM). The approval came during a Special Meeting of Stockholders held earlier today.
Dave McJannet, CEO of HashiCorp, expressed satisfaction with the shareholders' support and highlighted the potential benefits of combining both companies' technologies. The acquisition aims to accelerate HashiCorp's mission by leveraging IBM's resources and complementary technology.
While the preliminary results indicate approval, the official outcome of the vote will be reported in a forthcoming Form 8-K filing with the U.S. Securities and Exchange Commission. The completion of the deal is anticipated by the end of 2024, pending the satisfaction of regulatory approvals and other customary closing conditions as stipulated in the merger agreement.
HashiCorp, headquartered in San Francisco, is known for assisting organizations in automating their multi-cloud and hybrid environments. The company provides managed cloud services through the HashiCorp Cloud Platform (HCP), as well as enterprise offerings and community source-available products.
This news is based on a press release statement from HashiCorp Inc.
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