Most active commenters
  • rdtsc(3)

←back to thread

IBM to acquire Confluent

(www.confluent.io)
443 points abd12 | 17 comments | | HN request time: 0.688s | source | bottom
Show context
JSR_FDED ◴[] No.46192996[source]
IBM have an absolutely stellar record of blowing acquisitions. The highly motivated newly acquired team will be in honeymoon phase for 3 months, and then it slowly dawns on them that they’ve joined an unbelievably rigid organization where things like customer satisfaction and great products don’t matter at all. Then they’ll be in shock and disbelief at the mind boggling Byzantine rules and internal systems they have to use, whose sole purpose is to make sure nobody does anything. Finally, the core IBM sales force will start to make demands on them and will short to ground any vestiges of energy, time, opportunity and motivation they might have left. The good team members will leave and join a former business partner, or decide to spend more time with the family. They’ll meet often at the beginning to relive the glory days of pre-acquisition and recount times where they went went above and beyond for that important early customer. But then these meetings will become fewer and fewer. Finally they’ll find a way of massaging their resumes to cast the last years as being “at the heart of AI infrastructure”.
replies(19): >>46193119 #>>46193145 #>>46193189 #>>46193200 #>>46193687 #>>46193926 #>>46194210 #>>46194488 #>>46194624 #>>46194792 #>>46194907 #>>46195325 #>>46195480 #>>46195863 #>>46196268 #>>46196481 #>>46196910 #>>46196978 #>>46197436 #
1. cr125rider ◴[] No.46193189[source]
I hope Hashicorp survives. A few higher ups I’ve talked to there made it seem like IBM wants to learn from them, not force their old ways onto Hashicorp. We’ll see. That one is still pretty new.
replies(6): >>46193235 #>>46193971 #>>46194279 #>>46194802 #>>46194989 #>>46195552 #
2. gedy ◴[] No.46193235[source]
Not to be cynical but that's said a lot in acquisitions by bigger companies to motivate some people to stay, but just doesn't seem to happen.
replies(4): >>46193487 #>>46193590 #>>46195052 #>>46197478 #
3. embedding-shape ◴[] No.46193487[source]
And even if there is a 20% of executives actually believe in "We should learn from HashiCorp", usually not even that is enough to counter-act the default mode of operation which is squeezing customers. GLHF to remaining HashiCorp believers, but personally I'd try to find alternatives for the software you use from them if you haven't already.
replies(1): >>46195598 #
4. everfrustrated ◴[] No.46193590[source]
Usually the internal stakeholder that made the case to acquire the business leaves/gets promoted and new managers come in and start the assimilation process.
5. sausagefeet ◴[] No.46193971[source]
HCP wasn't any prize when they got bought, though, right? HashiCorp Cloud was more like a fog in terms of growth. A bunch of products got lost a long the way (Boundary? Waypoint?) HCP lost 50% of its IPO value by the time it was bought. Yes, I know IPO's are high and always go down, but it went from around a $14bn valuation to being bought for something like $6.5bn.
replies(2): >>46194106 #>>46195580 #
6. apgwoz ◴[] No.46194106[source]
Not to mention HashiCorp bled talent before the acquisition was even announced (BUSL started it) and it didn’t really stop as far as I’m aware.
7. AdmiralAsshat ◴[] No.46194279[source]
They said the same thing about Red Hat. The fact that Whitehurst resigned from IBM should tell you something.
replies(1): >>46194357 #
8. blcknight ◴[] No.46194357[source]
I'm pretty sure Jim had aspirations of being IBM CEO but they picked Arvind instead.
replies(1): >>46197003 #
9. pengaru ◴[] No.46194802[source]
My friends at RedHat were embracing similar forms of copium. By now they've all either moved on or are actively hand sitting while exploring options.
10. hazmazlaz ◴[] No.46194989[source]
Judging from what my contacts say, I would not hold my breath. HCP is going to get smashed by bureaucracy and bigcorp bs just like all other IBM acquisitions. All you have to do to verify this is look at linkedin and track the departures of the the acquired staff.
11. jerlam ◴[] No.46195052[source]
And in two years, the acquired management team all leaves like clockwork because they got their retention bonus.
12. rdtsc ◴[] No.46195552[source]
They tell that to every company they buy
13. rdtsc ◴[] No.46195580[source]
I never quite figured out why IBM even bought them. Terraform? Wasn’t there an open source clone by that point?
replies(1): >>46197385 #
14. rdtsc ◴[] No.46195598{3}[source]
Executives will say anything to boost the next quarter results. After that they get rebooted and start again, and nothing they said before counts for anything.
15. robszumski ◴[] No.46197003{3}[source]
exactly. standard move when you aren't going to get a second shot.
16. denimnerd42 ◴[] No.46197385{3}[source]
terraform and vault are both sticky products
17. ljm ◴[] No.46197478[source]
For every incredible journey there is an equal and opposite lesson to be learned