Cybersecurity · head to head
Delinea vs HCP Terraform
Delinea
Cybersecurity
Privileged access management from the merged Thycotic and Centrify
- From
- On request
- Free plan
- No
HCP Terraform
Developer Tools
Infrastructure as code provisioning and management, formerly Terraform Cloud
- From
- Free
- Free plan
- Yes
The short version
- Only HCP Terraform has a free tier, so it costs nothing to try first.
- Each has a real cost: Delinea the Thycotic and Centrify lineages are integrated unevenly, so buying the full portfolio means running consoles and agents that do not share one administrative model as cleanly as the marketing suggests.; HCP Terraform legacy free version deprecated; no current freemium tier
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Delinea and HCP Terraform actually diverge.
| Attribute | Delinea | HCP Terraform |
|---|---|---|
| Starting price | On request | Free |
| Pricing model | quote | usage-based |
| Free tier | No | Yes |
| Platforms | Web, Windows, Linux, macOS | Web |
| Category | Cybersecurity | Developer Tools |
Identical on both: user rating (Not yet rated).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Delinea
- Secret Server
- Privileged session recording
- Privilege Manager
- Server PAM
- Discovery
- DevOps secrets
- Behaviour analytics
Only in HCP Terraform
Nothing recorded that Delinea does not also cover.
What people use each for
The jobs each tool is most often brought in to do.
Delinea
- An organisation whose cyber insurer now requires privileged credentials to be vaulted and rotatednot HCP Terraform
- A mid-market IT team that abandoned a heavier PAM rollout and needs a vault that can be in production in weeksnot HCP Terraform
- A company removing local administrator rights from every workstation after a ransomware incidentnot HCP Terraform
- An audit finding that shared service account passwords are stored in a spreadsheet and used by contractorsnot HCP Terraform
HCP Terraform
- Infrastructure as Code managementnot Delinea
- Cloud resource provisioningnot Delinea
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Delinea
- The Thycotic and Centrify lineages are integrated unevenly, so buying the full portfolio means running consoles and agents that do not share one administrative model as cleanly as the marketing suggests.
- Modules are licensed separately by different units, per privileged user for the vault and per endpoint for privilege management, which makes total cost hard to model and easy to underestimate at scale.
- Delinea does not publish rates, so buyers benchmark against third party and public sector listings; expect list prices to be negotiable by a wide margin, which means the first quote is not the price.
- Thoma Bravo ownership since 2021 has coincided with firmer renewal pricing, and buyers with a single-vendor PAM estate have little leverage once credentials are inside the vault.
- Migrating out of a privileged access vault is a genuinely hard project because every automated process that fetches a secret has to be repointed, so the switching cost is real and the vendor knows it.
HCP Terraform
- Legacy free version deprecated; no current freemium tier
- New users receive $500 credit but still require usage to continue service
- Terraform Enterprise requires custom pricing
Pricing, plan by plan
Delinea
On request- Secret Server$undefined/year
- Priced per privileged user, tiered by edition
- Cloud or on premises deployment
- Session recording in higher editions
- Privilege Manager$undefined/year
- Priced per endpoint
- Local admin rights removal and application elevation
- Licensed separately from Secret Server
- Server PAM$undefined/year
- Priced per managed server or per privileged user
- Just-in-time server access
- Licensed separately
HCP Terraform
Free- Essentials$0.1/month
- Per resource pricing
- Remote state storage
- VCS connection
- Standard$0.47/month
- Per resource pricing
- Essentials features plus unlimited modules
- Module deprecation
- Premium$0.99/month
- Per resource pricing
- Standard features plus module revocation
- Waypoint actions
Which should you pick?
Choose Delinea if
- You need secret server.
- You work on Web, Windows, Linux, macOS.
- You also want privileged session recording.
Questions people ask
- Is Delinea or HCP Terraform better?
- Neither clearly leads. Delinea starts at On request and HCP Terraform at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Delinea or HCP Terraform?
- HCP Terraform has a free tier; the other does not. Paid plans start at On request for Delinea and Free for HCP Terraform.
- Does Delinea or HCP Terraform run on more platforms?
- Delinea runs on Web, Windows, Linux, macOS. HCP Terraform runs on Web.
- Can I use HCP Terraform for free?
- Yes. HCP Terraform has a free tier, so you can try it without paying. Delinea starts at On request.
- What is Delinea best used for?
- Delinea is most often used for an organisation whose cyber insurer now requires privileged credentials to be vaulted and rotated, a mid-market it team that abandoned a heavier pam rollout and needs a vault that can be in production in weeks, a company removing local administrator rights from every workstation after a ransomware incident, an audit finding that shared service account passwords are stored in a spreadsheet and used by contractors. Of those, an organisation whose cyber insurer now requires privileged credentials to be vaulted and rotated and a mid-market it team that abandoned a heavier pam rollout and needs a vault that can be in production in weeks are not what HCP Terraform is typically brought in for.
- What can Delinea do that HCP Terraform cannot?
- Delinea covers Secret Server, Privileged session recording, Privilege Manager, Server PAM.
Answered from the vendors’ own pages
Delinea: Is Delinea the same as Thycotic?
Delinea is the merged company formed from Thycotic and Centrify in 2021. Secret Server is the former Thycotic product; the server access products come from Centrify.
HCP Terraform: How much does HCP Terraform cost?
HCP Terraform uses per-resource pricing starting at $0.10/month/resource for Essentials, $0.47/month/resource for Standard, and $0.99/month/resource for Premium.
SourceDelinea: Is pricing published?
Not by Delinea. Public sector frameworks have listed Secret Server Cloud around 348 GBP per user per year, which is a reference point, not a quote.
HCP Terraform: Does HCP Terraform offer a free tier?
No, the legacy free version has been deprecated. However, new users receive $500 credit to try the service.
SourceDelinea: Does one licence cover endpoints and servers?
No. Secret Server, Privilege Manager and Server PAM are separately licensed on different units. Scope all three if your requirement spans them.
HCP Terraform: What does the Standard plan include?
Standard plan at $0.47/month/resource includes unlimited modules, module deprecation, team notifications, no-code provisioning, and Waypoint templates.
SourceRelated pages
More on HCP Terraform
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