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Hazelcast

Hazelcast is an open source In-Memory Data Grid platform

Terracotta

Terracotta is an open source JVM-level clustering software for Java developed by Terracotta, Inc.



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In terms of implementation terracotta ehcache may be based on top of jgroups services and provides a specific set of apis specific of a caching system and so less generic than hazelcast

from question  

JGroups, Terracotta & Hazelcast

We started with ehcache terracotta server array cause it s well-known backed by terracotta and has bigger community support than hazelcast

from question  

Hazelcast vs ehcache

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