HERNDON, Va., April 26, 2024 /PRNewswire-PRWeb/ — Leading research and experience management firm Sogolytics has released an original study examining the telehealth landscape, highlighting its achievements and challenges in providing positive experiences for patients.

While the COVID-19 pandemic pushed many toward telehealth for the first time, the study found that ongoing adoption has varied. For providers who have invested heavily in telehealth infrastructure, understanding patient hesitation is critical in improving engagement.

A few key study highlights:

• 84% of participants were satisfied with telehealth
• 61% of participants prefer virtual consultations to in-office visits
• 32% of those who are uncomfortable with virtual visits consider the experience impersonal
• 25% of patients who have tried telehealth opt not to continue

Sogolytics CRO Haris Azmi noted the value of the findings for the healthcare community. “It’s critical for providers who want to improve the patient experience to really understand where the gaps are, and this study showcases the opportunity areas for future improvements in telehealth.”

This February 2024 study collected data from over 1,000 Americans, with an age-range distribution balanced to reflect the most recent (2020) US Census.

To read the full report, click here. To learn more about how Sogolytics works to help organizations to collect their own data and uncover insights from their most important audiences, connect here.

About Sogolytics: Sogolytics stands at the forefront of experience management solutions, empowering businesses to efficiently capture, analyze, and act upon customer and employee feedback. Committed to innovation and driven by a dedication to its clients, Sogolytics is reshaping the landscape of customer and employee engagement. For further information, please visit Sogolytics.com.

Media Contact

Melissa Krut, Sogolytics, 1 7035429624, mkrut@sogolytics.com, https://www.sogolytics.com/

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SOURCE Sogolytics

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The raise follows the close of Hinkal’s $4.1M seed funding round in November of 2023. With surging demand from institutional clientele, this strategic funding will be used to bring liquid funds, VCs, family offices and founders of projects to Hinkal’s confidential infrastructure.

As institutional investors expand their presence in crypto markets they are increasingly looking to decentralized exchanges to take advantage of price discovery and asset control these platforms provide. However, DeFi does not provide privacy these traders are accustomed to in traditional financial markets. As crypto analytics platforms have become more complex, the pseudonymous nature of DeFi presents risks of copy trading and front running for liquid funds, VCs, and protocol founders willing to liquidate their token positions.

“The influx of institutional capital into crypto markets is a landmark event for the maturity of the industry,” said Georgi Koreli, CEO of Hinkal. “Hinkal is solving a critical need in the crypto space by providing institutional investors with the additional layer of anonymity they require to participate in DeFi markets. This strategic funding round will allow us to accelerate the development and adoption of our groundbreaking privacy solution.”

Hinkal is a zero knowledge (ZK)-protocol that addresses these issues by enabling end-to-end and secure confidentiality for DeFi transactions. Leveraging a combination of self-custodial private addresses and relayers, Hinkal transforms the way on-chain trading operates as the only transaction that can be seen on block explorers or analytics platforms is the execution of a relayer – no wallet addresses attached. This allows liquid funds, VCs and retail investors to make confidential transactions within the protocol without experiencing price slippage or market impacts.

Additionally, Hinkal provides a best-in-class solution for venture capital and founding teams looking to liquidate vested tokens in a private and secure environment. As the industry has grown and matured, these stakeholders have traditionally struggled with token vesting and liquidations, as this process often results in adverse price impacts that dilute net settlement and sends mixed messages to the community. With Hinkal, VCs and teams can receive any vested token directly into a private Hinkal address and liquidate privately without these impacts to the market.

AJ Scaramucci, Founder and Managing Partner of the SALT Fund, commented on the news, “The SALT Fund is dedicated to supporting projects that drive innovation for institutional investors. Hinkal is a breakthrough protocol addressing crucial pain points for institutional funds, founders, and VCs alike by enabling them to execute private DeFi trading strategies and liquidate vested tokens in a way that doesn’t disrupt the broader market. This is a game-changer for the industry and will unlock significant value for these stakeholders.”

Underpinning Hikal is a full suite of compliance and security solutions to further support institutional users of DeFi protocols. Hinkal requires KYC(B) (Know Your Customer/Business) verification for users to prevent illicit parties from using the protocol while simultaneously providing a frictionless experience via reusable attestations at exchanges like Coinbase and Binance. Audited by major firms including Quanstamp and Zokyo, Hinkal provides a secure trading experience and real-time threat mitigation with Hexagate.

About Hinkal

Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.

Media Contact: hinkalpr@mgroupsc.com

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SOURCE Hinkal

The post Hinkal Closes Strategic Funding Round to Advance Discreet Trading and Position Liquidation appeared first on IT News Direct.

Built to accelerate the success of Microsoft Dynamics partners, the Biz Apps Partner Summit packs in a ton of actionable intelligence in the form of keynotes, general sessions, panel discussions and fireside chats along with a low-key reception and dinner on Wednesday evening.

“With some incredible collaboration with the team at Microsoft, Dynamics Partners, and industry veteran advisors, the Biz Apps Partner Summit was born, and we are thrilled to bring it to Dynamics Partners looking to scale their business by having access to the people and information that can make that happen,” said Dynamic Communities CEO, John Siefert.

Day 1 starts with a luncheon and keynote by Donald Kossmann, Microsoft VP Business Copilot and Distinguished Engineer, followed by sessions on go-to-market strategy, SMC with Alex Pombo and Alistair Butler, an enterprise session with GPS/GSI leadership, a panel discussion featuring field sales leaders Brion Reusche, Erik Opsahl, Steve Cohen, and Howard Swerdloff, a panel discussion with leading partners and we will close the day with a reception and dinner for networking.

“Partners that serve our SMC customers play a pivotal role leading cloud migration and digital transformation with AI and Copilot,” said Sharon Schoenborn, Corporate Vice President, Americas SMC at Microsoft.  “We look forward to sharing updates and programs that will help guide customer success at the 2024 Biz Apps Partner Summit in July from Dynamics Communities and Summit NA.”

Day 2 begins with breakfast and a keynote from partner ecosystem leaders Cecilia Flombaum and Peter Jensen, followed by go to market sessions featuring Becky Lymberis and Justin Ross, a fireside chat on Microsoft AI Partner Programs, a panel discussion featuring Uriel Rootshtain and other leaders moderated by industry leading partners and finally a closing keynote over lunch with a Microsoft Biz Apps executive.

Commenting on his participation on the event, Peter Jensen, Director Business Applications Partner Strategy, said, “Partners are at the center of our AI & Digital Transformation strategy. At the Dynamics Communities 2024 Biz Apps Partner Summit in July, we look forward to discussing all the ways partners can leverage Microsoft programs to build profitable practices in Business Applications.”

Created as a follow up to the sold-out Partner Preconference co-created with Microsoft at Community Summit North America 2023, the event is not built to duplicate or replicate any other partner events in the market, but instead create a different experience that is fast-paced, energetic and networked with the right people.

All details can be found on the Biz Apps Partner Summit website, where you can reserve your spot to join us as a registered attendee for $799 until June 1, 2024, which includes all meals whilst at the event, then the price becomes $999. Special appreciation to BDO for underwriting this event, and to Dynamicweb and Experlogix for their sponsorship of the Biz Apps Partner Summit.

About Dynamic Communities

Dynamic Communities is proud to be the producers of the largest independent gathering of the Microsoft Business Applications Ecosystem, Community Summit North America. Summit NA has unmatched value with 500+ educational sessions to deliver end-to-end learning around all versions of Dynamics 365 FO/AX, CE/CRM & BC/NAV, Dynamics GP, Power Platform and the rise of AI through Copilot. 4000+ Microsoft Users and 200+ Consultants, Systems Integrators and ISVs come together for a week of peer education, training and learning to decrease complexity that will deliver results that companies demand.

We also bring the foundation of For User, By User to a year-round digital format with our learning platform, www.dynamicscommunities.com. Dynamics Communities represents collaboration, knowledge sharing, expertise, networking, and the decentralization of years of intelligence which can only be found in a passionate community of people.

Press Contact:

Stephanie Ulmer

330-603-2511

https://bizapps.summitna.com/

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SOURCE Dynamic Communities

The post Biz Apps Partner Summit for Microsoft Ecosystem to Deliver FY 25 Insights appeared first on IT News Direct.

Enrollment data that fails to be synchronized among employer, payroll, and carriers can lead to costly errors for missed or incorrect employer-sponsored and employee-funded voluntary benefits deductions and disrupts employee service delivery. By comparing HR and payroll data and correcting any mismatches before the information is sent to the carriers, it greatly improves the likelihood that service will be delivered appropriately. Employees who experience prompt delivery of benefits enjoy higher overall job satisfaction, while delays can cause unfavorable impressions of the employer.

‘Pay As Deducted’ applies purpose-built patented technology to identify inconsistencies and enables employers to fund carrier invoices through deductions throughout the plan year. The innovative feature collects employee contribution data from existing payroll data. Companies can now identify discrepancies between enrollment data and payroll deductions before passing the enrolled data onto the carrier, thereby avoiding potential carrier service delivery issues. Given the month-over-month nature of reconciliation, the billing data gets progressively more accurate with each cycle.

Benefits of “Pay As Deducted” Payroll Reconciliation:

• Enhanced Accuracy: Ensures more accurate carrier premium payments and avoids billing discrepancies.
• Reduced Administrative Burden: Automates manual tasks and streamlines reconciliation processes.
• Increased Transparency: Provides real-time insights into payroll deductions and billing details.

“We continually look for new ways to provide greater functionality and value to our customers,” said Robert A. Bull, CEO and Founding Member of AdminaHealth. “‘Pay As Deducted’ is a gamechanger for taking reconciliaiton to the next level.”

For more information about the AdminaHealth Billing Suite^®, visit adminahealth.com.

About AdminaHealth

AdminaHealth is the leading provider of patented billing and payment solutions for the insurance industry. The company’s innovative platform simplifies the administration of benefits and streamlines payment processes for brokers, carriers, employers, and third-party administrators.

View original content to download multimedia:https://www.prnewswire.com/news-releases/adminahealths-new-employee-benefits-payroll-reconciliation-feature-disrupts-the-status-quo-302128936.html

SOURCE AdminaHealth

The post AdminaHealth’s New Employee Benefits Payroll Reconciliation Feature Disrupts the Status Quo appeared first on IT News Direct.

In this article, we will discuss how to unlock Nokia phone using alternative 3 ways. 

So read on for detailed guidance on unlocking your Nokia phone.

When do you Need to Unlock Nokia Phone Without Password?

Before we demonstrate how to bypass screen lock on Nokia phone, let’s consider some common scenarios where this may be necessary:

• If you have forgotten your lock screen password.
• If your Nokia phone has a SIM lock on it, and you need to switch carriers or are traveling.

How to Unlock a Nokia Phone Without Password Easily in Minutes?

If you’re looking for a reliable way how to decode a Nokia phone, we suggest using a Nokia hard reset tool like Tenorshare 4uKey for Android. Here are its key features:

• Removes all sorts of screen locks, like passwords, patterns, PINs, and face and fingerprint IDs.
• Easily factory resets your device without the password.
• It is easy to use with a high success rate.
• Compatible with almost all Android phones, including Samsung, Vivo, Huawei, Sony, Realme, Tecno and more.

Here’s how to unlock a Nokia mobile phone:

• Launch Tenorshare 4uKey for Android and select “Remove Screen Lock”.
• This will initiate the screen lock removal process.
• Next, follow the on-screen instructions to put your device in Recovery Mode for factory reset.
• Your Nokia phone is now ready to use without a password.

How to Unlock Nokia Phone PIN Code Without PC?

Method 1: Use the Code

If you want to unlock a Nokia phone without a PC, you can use the unlock code method.

But what is the master code to unlock Nokia phone? To get the code, you can contact your carrier and request them for it.

However, this method may take 2 or 3 days, as the customer service representative will first verify your information, forward your request, and then send the code.

Method 2: Use IMEI Number

The next method is to unlock Nokia phone with IMEI number free. If you don’t want to use a Nokia pattern unlock tool, you can contact an online unlocking service, enter your IMEI number, region, Nokia model and other details. Once your request is processed, you will receive an unlock code via email.

While this unlock Nokia phone free method is widely used by people, the success rate can vary, and there’s a chance that the unlock might not work for your specific device.

About Tenorshare

Tenorshare is a software company that offers tools to help with various system and data management issues in iPhones and Androids.

So, if you’re looking for ways how to factory reset Nokia phone when locked or how to unlock Nokia phone from your carrier, Tenorshare 4uKey can help.

YouTube: https://www.youtube.com/@TenorshareOfficial

Facebook: https://www.facebook.com/TenorshareOfficial/

This release was issued through Send2Press®, a unit of Neotrope®. For more information, visit Send2Press Newswire at https://www.Send2Press.com

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SOURCE Tenorshare Co. Ltd.

The post How to Unlock Nokia Phone without Password in Minutes appeared first on IT News Direct.

This new infrastructure, privately funded by telMAX, will bring cutting-edge fibre optic technology to the community, offering ultra-fast and reliable Internet access. telMAX was ranked Canada’s Fastest Internet Service Provider by PC Mag in 2022 and 2023.

Richmond Hill marks the next step in telMAX’s expansion in the Greater Toronto Area. Today telMAX offers internet, TV and phone services in Brooklin, Stouffville, Newmarket, and Aurora.

“I am thrilled that we have broken ground on this project which will vastly improve the digital quality of life in our community,” said Richmond Hill Mayor David West. “Fibre optic infrastructure will allow our residents to work from home, enjoy family time, and stay connected reliably and seamlessly. It will also allow our businesses to better compete on the global stage, and to efficiently continue serving our community. I am excited about our partnership with telMAX, and the opportunity to continue exploring and improving connectivity initiatives across the city.”

This initiative is a demonstration of telMAX’s commitment to providing communities with lightning-fast connections, superior local support, and a focus on delivering the top-tier customer experience that only pure fibre optic networks can offer.

“We are extremely excited to bring Canada’s fastest Internet to the City of Richmond Hill via our 100% Fibre Internet network,”, said telMAX CEO, Michael Strople. “This project is the next step of our commitment to bring world-class products and services to our customers – backed by our intense focus on outstanding customer service. Our fibre infrastructure enables the communities we partner with to greatly enhance connectivity for its residents, attracting company relocations, adding jobs within the local economy, and allowing remote workers to integrate seamlessly with their teams.

As our project gets underway, we look forward to expanding our award-winning services to the City of Richmond Hill.”

As telMAX and the City of Richmond Hill celebrate this groundbreaking milestone, the company reaffirms its dedication and commitment to progress, innovation, and excellence in the telecommunications sector. The future of fibre internet connectivity in the Greater Toronto Area looks brighter than ever, and telMAX is proud to lead the way.

telMAX, a locally based company headquartered in York Region, offers Fibre Optic Internet, TV and Home Phone services. telMAX has built its own 100% fibre optic network to serve the residents and businesses of Brooklin, Stouffville, Newmarket, Aurora, and now the City of Richmond Hill.  telMAX proudly employs staff from the communities where it operates and is committed to supporting a wide range of community development activities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrating-connectivity-telmax-brings-canadas-fastest-internet-to-the-city-of-richmond-hill-302129072.html

SOURCE telMAX

The post Celebrating Connectivity: telMAX brings Canada’s Fastest Internet to The City of Richmond Hill. appeared first on IT News Direct.

This new infrastructure, privately funded by telMAX, will bring cutting-edge fibre optic technology to the community, offering ultra-fast and reliable Internet access. telMAX was ranked Canada’s Fastest Internet Service Provider by PC Mag in 2022 and 2023.

Richmond Hill marks the next step in telMAX’s expansion in the Greater Toronto Area. Today telMAX offers internet, TV and phone services in Brooklin, Stouffville, Newmarket, and Aurora.

“I am thrilled that we have broken ground on this project which will vastly improve the digital quality of life in our community,” said Richmond Hill Mayor David West. “Fibre optic infrastructure will allow our residents to work from home, enjoy family time, and stay connected reliably and seamlessly. It will also allow our businesses to better compete on the global stage, and to efficiently continue serving our community. I am excited about our partnership with telMAX, and the opportunity to continue exploring and improving connectivity initiatives across the city.”

This initiative is a demonstration of telMAX’s commitment to providing communities with lightning-fast connections, superior local support, and a focus on delivering the top-tier customer experience that only pure fibre optic networks can offer.

“We are extremely excited to bring Canada’s fastest Internet to the City of Richmond Hill via our 100% Fibre Internet network,”, said telMAX CEO, Michael Strople. “This project is the next step of our commitment to bring world-class products and services to our customers – backed by our intense focus on outstanding customer service. Our fibre infrastructure enables the communities we partner with to greatly enhance connectivity for its residents, attracting company relocations, adding jobs within the local economy, and allowing remote workers to integrate seamlessly with their teams.

As our project gets underway, we look forward to expanding our award-winning services to the City of Richmond Hill.”

As telMAX and the City of Richmond Hill celebrate this groundbreaking milestone, the company reaffirms its dedication and commitment to progress, innovation, and excellence in the telecommunications sector. The future of fibre internet connectivity in the Greater Toronto Area looks brighter than ever, and telMAX is proud to lead the way.

telMAX, a locally based company headquartered in York Region, offers Fibre Optic Internet, TV and Home Phone services. telMAX has built its own 100% fibre optic network to serve the residents and businesses of Brooklin, Stouffville, Newmarket, Aurora, and now the City of Richmond Hill.  telMAX proudly employs staff from the communities where it operates and is committed to supporting a wide range of community development activities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/celebrating-connectivity-telmax-brings-canadas-fastest-internet-to-the-city-of-richmond-hill-302129072.html

SOURCE telMAX

The post Celebrating Connectivity: telMAX brings Canada’s Fastest Internet to The City of Richmond Hill. appeared first on IT News Direct.

“We are thrilled by the overwhelming success of the Nevada Nexus event,” said Kristina Linehan, VP of Sales at ImageSource. “It was truly inspiring to see the exchange of ideas and the enthusiasm of everyone who participated. This event exemplified our commitment to fostering innovation and driving positive change within our customer-partner organizations.”

Highlights of the Nevada Nexus included live demonstrations of cutting-edge solutions for content sprawl and AI-assisted intelligent content processing. Additionally, the event provided networking opportunities among attendees and ongoing collaboration opportunities for solving manual business processes across organizations.

One of the key themes that emerged from the Nevada Nexus was the critical role of face-to-face discussions to uncover business problems and envision solutions in an increasingly remote work world.  The power of in-person collaboration is more evident than ever before. “We believe that events like the Nevada Nexus are instrumental in driving innovation and fostering collaboration within State Agencies and public service organizations,” added Kristina Linehan. “By bringing together diverse perspectives and expertise, we can collectively shape and empower organizations to achieve their goals and serve the public more effectively.”

The success of the Nevada Nexus underscores ImageSource’s ongoing commitment to get closer to its customer-partners and deliver exceptional value. As a trusted leader in the industry, ImageSource remains dedicated to driving innovation, advancing technology, and exceeding customer expectations.

For more information about ImageSource and the ILINX platform, please visit: https://www.imagesourceinc.com/ilinx/

About ImageSource 

ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX^®, the world’s most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue, and transform the customer experience. For more information, visit www.imagesourceinc.com, or call (360) 943-9273.

View original content to download multimedia:https://www.prnewswire.com/news-releases/imagesource-hosts-highly-successful-nevada-nexus-event-a-convergence-of-process-innovation-and-collaboration-302128063.html

SOURCE Imagesource, Inc

The post ImageSource Hosts Highly Successful Nevada Nexus Event: A Convergence of Process Innovation and Collaboration appeared first on IT News Direct.

The conference call will be simulcast live and can be accessed by logging onto the investor relations section of the Company’s web site at Investor Relations | LivePerson, Inc.

To participate via telephone, callers should dial in five to ten minutes prior to the 5:00 p.m. Eastern start time; domestic callers (U.S. and Canada) should dial 1-877-407-0784, while international callers should dial 1-201-689-8560, and both should reference the conference ID “13745862.”

If you are unable to participate in the live call, the teleconference will be available for replay approximately two hours after the call until May 22, 2024. To access the replay, call 1-844-512-2921 (U.S. and Canada) or 1-412-317-6671 (international); please reference the conference ID “13745862.”

About LivePerson

LivePerson (NASDAQ: LPSN) is the enterprise leader in digital customer conversations. The world’s leading brands — including HSBC, Chipotle, and Virgin Media — use our award-winning Conversational Cloud platform to connect with millions of consumers. We power nearly a billion conversational interactions every month, providing a uniquely rich data set and AI-powered solutions to accelerate contact center transformation, supercharge agent productivity, and deliver more personalized customer experiences. Fast Company named us the #1 Most Innovative AI Company in the world. To talk with us or our AI, please visit liveperson.com.

Investor Relations Contact

ir-lp@liveperson.com

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SOURCE LivePerson, Inc.

The post LivePerson to Announce First Quarter 2024 Financial Results on May 8, 2024 appeared first on IT News Direct.

HashiCorp’s capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting

As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives

Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two

ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ — IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.

“Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments. The global excitement surrounding generative AI has exacerbated these challenges and CIOs and developers are up against dramatic complexity in their tech strategies,” said Arvind Krishna, IBM chairman and chief executive officer. “HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era.”

The rise of cloud-native workloads and associated applications is driving a radical expansion in the number of cloud workloads enterprises are managing. In addition, generative AI deployment continues to grow alongside traditional workloads. As a result, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. This represents a massive challenge for technology professionals.

HashiCorp’s capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp’s Terraform is the industry standard for infrastructure provisioning in these environments. HashiCorp’s offerings help clients take a cloud-agnostic, and highly interoperable approach to multi-cloud management, and complement IBM’s commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer communities, and open-source hybrid cloud and AI innovation.

“Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale. The need for effective management and automation is critical with the rise of multi-cloud and hybrid cloud, which is being accelerated by today’s AI revolution,” said Armon Dadgar, HashiCorp co-founder and chief technology officer. “I’m incredibly excited by today’s news and to be joining IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises.”

“Today is an exciting day for our dedicated teams across the world as well as the developer communities we serve,” said Dave McJannet, HashiCorp chief executive officer. “IBM’s leadership in hybrid cloud along with its rich history of innovation, make it the ideal home for HashiCorp as we enter the next phase of our growth journey. I’m proud of the work we’ve done as a standalone company, I am excited to be able to help our customers further, and I look forward to the future of HashiCorp as part of IBM.”

Transaction Rationale

• Strong Strategic Fit – The acquisition of HashiCorp by IBM creates a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity. The combination of each company’s portfolio and talent will deliver clients extensive application, infrastructure and security lifecycle management capabilities
• Accelerates growth in key focus areas – Upon close, HashiCorp is expected to drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, the powerful combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments. The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach, operating in more than 175 countries across the globe
• Expands Total Addressable Market (TAM) – The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients. HashiCorp’s offerings, combined with IBM and Red Hat, will give clients a platform to automate the deployment and orchestration of workloads across evolving infrastructure including hyperscale cloud service providers, private clouds and on-prem environments. This will enhance IBM’s ability to address the total cloud opportunity, which according to IDC had a TAM of $1.1 trillion in 2023, with a compound annual growth rate in the high teens through 2027.¹
• Attractive Financial Opportunity – The transaction will accelerate IBM’s growth profile over time driven by go-to-market and product synergies. This growth combined with operating efficiencies, is expected to achieve substantial near-term margin expansion for the acquired business. It is anticipated that the transaction will be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two.

HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks and Vodafone. HashiCorp’s offerings have widescale adoption in the developer community and are used by 85% of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp’s FY2024 and include:

• Terraform – provides organizations with a single workflow to provision their cloud, private datacenter, and SaaS infrastructure and continuously manage infrastructure throughout its lifecycle
• Vault – provides organizations with identity-based security to automatically authenticate and authorize access to secrets and other sensitive data
• Additional products – Boundary for secure remote access; Consul for service-based networking; Nomad for workload orchestration; Packer for building and managing images as code; and Waypoint internal developer platform

Transaction Details

Under the terms of the agreement, IBM will acquire HashiCorp for $35 per share in cash, or $6.4 billion enterprise value, net of cash. HashiCorp will be acquired with available cash on hand.

The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions.

The Company’s largest shareholders and investors, who collectively hold approximately 43% of the voting power of HashiCorp’s outstanding common stock, entered into a voting agreement with IBM pursuant to which each has agreed to vote all of their common shares in favor of the transaction and against any alternative transactions.

The transaction is expected to close by the end of 2024.

____________________

¹ The total cloud opportunity is the sum of the cloud-directed spends across Hardware, IT services and SW for Private and Public cloud implementation, sourced from IDC’s Worldwide Black Book Live Edition, March 2024 (V1 2024)

Conference Call Details

IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed here. Presentation charts will be available shortly before the Webcast.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. 

About HashiCorp

HashiCorp is The Infrastructure Cloud company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit HashiCorp.com.

Press Contacts:

IBM:

Tim Davidson, 914-844-7847

tfdavids@us.ibm.com

HashiCorp:

Matthew Sherman / Jed Repko / Haley Salas / Joycelyn Barnett

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Additional Information and Where to Find It

HashiCorp, Inc. (“HashiCorp”), the members of HashiCorp’s board of directors and certain of HashiCorp’s executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of HashiCorp (the “Transaction”). HashiCorp plans to file a proxy statement (the “Transaction Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies to approve the Transaction. David McJannet, Armon Dadgar, Susan St. Ledger, Todd Ford, David Henshall, Glenn Solomon and Sigal Zarmi, all of whom are members of HashiCorp’s board of directors, and Navam Welihinda, HashiCorp’s chief financial officer, are participants in HashiCorp’s solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Additional information about such participants is available under the captions “Board of Directors and Corporate Governance,” “Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management” in HashiCorp’s definitive proxy statement in connection with its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the SEC on May 17, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036123025250/ny20008192x1_def14a.htm). To the extent that holdings of HashiCorp’s securities have changed since the amounts printed in the 2023 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC (which are available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001720671&type=&dateb=&owner=only&count=40&search_text=). Information regarding HashiCorp’s transactions with related persons is set forth under the caption “Related Person Transactions” in the 2023 Proxy Statement. Certain illustrative information regarding the payments to that may be owed, and the circumstances in which they may be owed, to HashiCorp’s named executive officers in a change of control of HashiCorp is set forth under the caption “Executive Compensation—Potential Payments upon Termination or Change in Control” in the 2023 Proxy Statement. With respect to Ms. St. Ledger, certain of such illustrative information is contained in the Current Report on Form 8-K filed with the SEC on June 7, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm). Promptly after filing the definitive Transaction Proxy Statement with the SEC, HashiCorp will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT HASHICORP WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction at the SEC’s website (http://www.sec.gov). Copies of HashiCorp’s definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction will also be available, free of charge, at HashiCorp’s investor relations website (https://ir.hashicorp.com/), or by emailing HashiCorp’s investor relations department (ir@hashicorp.com).

Forward-Looking Statements

Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.

Statements in this communication regarding IBM and HashiCorp that are forward-looking may include statements regarding: (i) the Transaction; (ii) the expected timing of the closing of the Transaction; (iii) considerations taken into account in approving and entering into the Transaction; (iv) the anticipated benefits to, or impact of, the Transaction on IBM’s and HashiCorp’s businesses; and (v) expectations for IBM and HashiCorp following the closing of the Transaction. There can be no assurance that the Transaction will be consummated.

Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from HashiCorp’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction, including in circumstances requiring HashiCorp to pay a termination fee; (iii) possible disruption related to the Transaction to IBM’s and HashiCorp’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by IBM and HashiCorp related to the Transaction; (v) the risk that IBM’s or HashiCorp’s stock price may fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (vi) the diversion of IBM and HashiCorp management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the Transaction; (viii) potential litigation relating to the Transaction; (ix) uncertainty as to timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (x) other risks and uncertainties detailed in the periodic reports that IBM and HashiCorp filed with the SEC, including IBM’s and HashiCorp’s respective Annual Reports on Form 10-K.  All forward-looking statements in this communication are based on information available to IBM and HashiCorp as of the date of this communication, and, except as required by law, IBM and HashiCorp do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

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