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HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker – CNBC

HashiCorp on Nasdaq Market Site, December 9, 2021.

Source: Nasdaq

Hashicorp shares rose as much as 26% on Tuesday after media reports that IBM was in talks to buy the cloud software maker.

Developers use HashiCorp’s software to set up and manage infrastructure in public clouds operated by companies like Amazon and Microsoft. The organization also pays HashiCorp to manage its security credentials.

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