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HashiCorp shares jumped 12% in extended trading on Friday after Bloomberg reported the software developer was considering a sale. The company has engaged an outside firm to explore interest from potential buyers, Bloomberg said, citing unnamed sources. As of Friday's close, HashiCorp was trading at $26.50, or 67% below its initial public offering price. Mitchell Hashimoto, a co-founder and former technology chief of HashiCorp, said in December that he was leaving the company. WATCH: HashiCorp CEO McJannet talks enterprise software
Persons: didn't, HashiCorp, David McJannet, Mitchell Hashimoto, Read, McJannet Organizations: Bloomberg, Nasdaq
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear there's a tech infrastructure modernization cycle underway, says HashiCorp CEODavid McJannet, HashiCorp CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, longer sales cycles and what is creating them.
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