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The announcement follows IBM's recent acquisition of Instana IBM has announced plans to acquire Turbonomic, a network and application performance management software provider, for an undisclosed amount. With the acquisition, which is expected to finalised in the second quarter of 2021, IBM aims to help its customers lower the costs of managing multiple applications within the same hybrid cloud environment. The announcement follows IBM's recent acquisition of Instana, as well as the launch of IBM Cloud Pak for Watson AIOps, which automates IT operations with the help of artificial intelligence...

IBM hopes to boost its enterprise automation offerings with the planned purchase of Turbonomic in a deal reportedly valued at up to US$2 billion. Financial terms of the deal were not disclosed, but Reuters earlier reported that the deal values Turbonomic at between US$1.5 billion and US$2 billion, citing anonymous sources. IBM said Thursday it would buy the application resource management (ARM) and network performance management (NPM) software provider and integrate the ARM and NPM software provider’s offerings with recently acquired Instana and recently launched IBM Cloud Pak for Watson AI...

- 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

IBM Spends Up To $2B To Buy Turbonomic In AI Push IBM will integrate Turbonomic’s ARM software with Instana’s APM and observability capabilities plus the ITOps capabilities of IBM Cloud Pak for Watson AIOps. By Wade Tyler Millward April 29, 2021, 01:12 PM EDT IBM hopes to boost its enterprise automation offerings with the planned purchase of Turbonomic in a deal reportedly valued at up to $2 billion. Financial terms of the deal were not disclosed, but Reuters earlier reported that the deal values Turbonomic at between $1.5 billion and $2 billion, citing a...

IBM Launches Advanced Storage Solutions Designed to Simplify Data Accessibility & Availability Across Hybrid Clouds -- Company unveils plans to ship new container-native software defined storage solutions designed to help companies expand data availability across complex hybrid clouds for greater business performance and resilience; -- Releases new IBM Elastic Storage Systems that are designed to provide scalability at double the performance of previous models, for faster access to enterprise data News provided by Share this article Share this article ARMONK, N.Y., April 27, 2021 /PRNewswire/...