IBM nears acquisition of cloud software company HashiCorp, per The Wall Street Journal.

IBM is reportedly nearing a deal to acquire cloud software company HashiCorp, with a potential agreement expected in the coming days, according to The Wall Street Journal. HashiCorp's software helps companies set up their digital infrastructure in the cloud, lowering costs and speeding up product development. The company's shares surged over 20% following the news, pushing its market cap above $6 billion.