HCP Terraform Premium is a new offering from HashiCorp that extends the capabilities of HCP Terraform, providing additional features for private infrastructure and module lifecycle management. It offers powerful tools to help enterprises scale their infrastructure automation securely and efficiently, including private VCS access, private policy enforcement, private run tasks, and module lifecycle management with revocation. This solution is designed to simplify operations, reduce risk, and optimize cost while meeting strict governance and compliance requirements, making it an attractive option for organizations looking to maximize their IT investments.