Enterprise Technology

IBM Completes Acquisition of HashiCorp, Creates Comprehensive, End-to-End Hybrid Cloud Platform

IBM has completed its $6.4 billion acquisition of HashiCorp, integrating advanced cloud infrastructure automation and security capabilities into its portfolio. The merger aims to help enterprises manage hybrid cloud environments more efficiently, with HashiCorp's Terraform and Vault products now available through IBM's automation software lineup. The acquisition strengthens IBM's position in multiple growth areas including Red Hat, watsonx, and IT automation.

Backblaze Drive Stats for 2024

Backblaze manages 305,180 drives with a focus on data drives performance and failure rates throughout 2024, revealing an overall improvement in annualized failure rates from 1.70% in 2023 to 1.57% in 2024. The company has successfully integrated new high-capacity 24TB Seagate drives while phasing out older 4TB models, demonstrating their ongoing storage optimization strategy.