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IBM acquires Turbonomic for AIOps, hybrid cloud management support
By acquiring Turbonomic, IBM gains tools that manage performance of everything from applications and containers to virtualisation, cloud, and on-prem compute, storage, and network resources.
Arvind Krishna (IBM) Credit: IBM
IBM kept its chequebook open this week buying AI-based application and network-performance management vendor Turbonomic for an unconfirmed estimate of US$2 billion. The acquisition is the eleventh hybrid cloud and AI-focused buy since Arvind Krishna became Big Blue CEO in 2020.
IBM to Buy Turbonomic
IBM (NYSE: IBM) is to acquire Turbonomic, a Boston, MA-based Application Resource Management (ARM) and Network Performance Management (NPM) software provider.
The amount of the deal – subject to customary closing conditions, was not disclosed. It is anticipated the transaction will close in the second quarter of 2021.
Led by Ben Nye, CEO, Turbonomic provides businesses with ARM software that simultaneously optimizes the performance, compliance, and cost of applications in real-time.
The acquisition will provide businesses with full stack application observability and management to assure performance and minimize costs using AI to optimize resources – such as containers, VMs, servers, storage, networks, and databases, and assess and manage the performance of any application, anywhere.
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- Addition of Turbonomic will enable businesses to assure application performance using AI and cut costs by optimizing the deployment of IT resources across development, test and production