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.