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IBM Acquiring Turbonomic to Build Hybrid Cloud AIOps
IBM is continuing its breakneck pace of acquiring companies, with Turbonomic the latest acquisition.
IBM is working to reinvent itself as a hybrid cloud provider, with plans to spin off its legacy business. To aid in that endeavor, the company has been snapping up startups left and right to help it round out its portfolio of services and abilities.
The latest acquisition is Turbonomic, “an Application Resource Management (ARM) and Network Performance Management (NPM) software provider.” The company specializes in using AI to help automate ARM.
The acquisition of Turbonomic builds on the company’s purchase of Instanta and will position it to be the only company able to offer the entire range AI-powered automation capabilities.
IBM acquires Turbonomic for AIOps, hybrid cloud management support
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. 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.