IBM (NYSE: IBM) has agreed to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, or $35 per share in cash, to expand its infrastructure and security lifecycle management capabilities designed to help organizations automate their multicloud and hybrid cloud environments amid the rapid deployment of artificial intelligence technologies. I...
IBM has received a potential 10-year, $576 million indefinite-delivery/indefinite-quantity contract to help the Defense Microelectronics Activity secure the production of commercial semiconductor technologies and services for military applications. The DMEA Trusted Access Program Office requires the development of an evidence-based “trusted...
Sujey Edward, former Octo chief technology officer, has joined IBM's (NYSE: IBM) federal business as CTO and senior partner. Edward worked at Octo, an IBM company, for more than seven years. Prior to that, he was part of Salient CRGT, now GovCIO, as director of energy IT solutions and later vice president of its agile innovation center....
Ryan Macaleer, a more than two-decade IBM (NYSE: IBM) veteran, has been appointed vice president of software for the federal sector at the information technology services provider. "I'm stepping back into federal to lead IBM's software business. Our growth across the federal marketplace has accelerated especially with respect to hybri...
IBM has received a $95 million contract to help the U.S. Agency for International Development boost the capabilities of host governments in Europe and Eurasia to identify and respond to cyberattacks targeting the critical infrastructure sector. The Cybersecurity Protection and Response contract will support the USAID Bureau for Europe and Eurasia in...
The Defense Microelectronics Activity looks to award a potential $576 million contract to IBM (NYSE: IBM) to secure the production of semiconductor products for military applications. A notice posted Thursday on SAM.gov states that the sole-source contract covers the microelectronics manufacturing security component of the Trusted Foundry Access III...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
IBM (NYSE: IBM) has landed a potential eight-year, $1 billion contract to manage, integrate and maintain IBM Z systems mainframe and related hardware and software for the Internal Revenue Service. The IRS Enterprise Systems – IBM Support indefinite-delivery/indefinite-quantity award has a one-year base period and seven option years, according ...
The Department of the Treasury has awarded IBM (NYSE: IBM) an $84 million contract to migrate the Bureau of the Fiscal Service’s workload and data to a cloud environment. An award notice posted Monday on SAM.gov indicates that the indefinite-delivery/indefinite-quantity contract for cloud transition services and support has a five-year perform...
IBM (NYSE: IBM) has secured a $488.66 million contract to continue helping the Department of Veterans Affairs sustain and enhance its personnel data management and processing platform. The company will provide renewal subscription services to its shared service software as a service offering to support the sustainment and enhancement of VA’s H...
