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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 a...

4 hours ago Darren Kimura joins as COO, Padraig Stapleton as VP Global Engineering, Michael Pearl as VP Global Sales Veteran open-source developer Dr. Dmitri Chiriaev to lead the European office Momentum driven by growing European customer base and validates ZEDEDA’s position as the disruptive orchestration solution for the distributed edge SAN JOSE, Calif.–(BUSINESS WIRE)–#CleanEnergy—ZEDEDA, the leader in orchestration for the distributed edge, today announced the hiring of three industry veterans to executive roles, along with the opening of its Euro...

- 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

Stephen Lawson/IDG Big Blue kept its checkbook open this week buying AI-based application and network-performance management vendor Turbonomic for an unconfirmed estimate of $2 billion. The acquisition is the eleventh hybrid-cloud and AI-focused buy since Arvind Krishna became IBM CEO in 2020. "Hybrid cloud and AI are the two dominant forces driving change for our clients and must have the maniacal focus of the entire company,” he said at that time. The Economic Times and Reuters said the deal was worth between $1.5 billion and $2 billion and would make it the largest since I...

By: Dinesh Nirmal, General Manager, Cloud Automation Planned acquisition of Turbonomic will make IBM the only company with AI-powered Automation capabilities that span business and IT. Supply and demand: This phrase is easy to understand when talking about physical goods. In a digital-first world, it can be applied to the need for organizations to balance their supply of IT resources and the demand put on them by users. Applications are one of the biggest pain points for organizations because they want to create demand for these tools, but ...