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
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 IBM grabbed Red Hat for $34 Billion in 2019.
Turbonomic’s Application Resource Management (ARM) and Network Performance Management (NPM) tools assess and manage the performance of everything from applications and containers to virtualization, cloud, and on-prem compute, storage, and network resources.
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 it can be difficult to manage their performance across hybrid and multicloud environments. This can lead to significant problems, such as IT departments spending too much time focused on trouble shooting vs. innovating, wasting dollars and delivering poor response times to customers.