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IBM is acquiring cloud app and network management firm Turbonomic for up to $2B IBM today made another acquisition to deepen its reach into providing enterprises with AI-based services to manage their networks and workloads. It announced that it is acquiring Turbonomic, a company that provides tools to manage application performance (specifically resource management), along with Kubernetes and network performance part of its bigger strategy to bring more AI into IT ops, or as it calls it, AIOps. Financial terms of the deal were not disclosed, but according to data in PitchBook, Turbonomic was valued at nearly $1 billion $963 million, to be exact in its last funding round in September 2019. A report in Reuters rumoring the deal a little earlier today valued it at between $1.5 billion and $2 billion. A source tells us the figure is accurate. ....
IBM to buy Boston-based Turbonomic in latest software deal By Anissa Gardizy Globe Staff,Updated April 29, 2021, 4:18 p.m. Email to a Friend A logo sits illuminated on an IMB building in Munich, Germany.Bloomberg IBM announced on Thursday that it will acquire Turbonomic, a Boston-based company that makes IT-management software for businesses. Turbonomic, formerly known as VMTurbo, provides organizations with management software that can help maintain and optimize applications, servers, networks, databases, and other cloud-based resources. The move is part of IBMâs growing push into providing its customers with artificial intelligence-based software solutions. The firm said it can now provide companies with automation capabilities that span IT operations and infrastructure. The idea is to help businesses run their IT systems and software more cheaply and efficiently. ....
SHARE IBM Corp. is acquiring Turbonomic Inc., a Boston-based company with a platform that helps enterprises reduce cloud expenses and improve their applications’ performance. IBM didn’t disclose the value of the deal, which was announced this morning. But sources told Reuters that the transaction values Turbonomic at between $1.5 billion and $2 billion. That’s a significant premium over the $963 million private valuation that the company is said to have received after its last funding round. Turbonomic offers a so-called application resource management platform that uses artificial intelligence to help enterprises optimize their public cloud environments. The platform focuses on two main use cases. The first is optimizing cloud applications’ performance, while the other is reducing the infrastructure costs they incur. ....
- 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 ....
TikTok s queen of horror! 18-year-old makeup artist goes viral by creating gruesome wounds and gory looks that are so lifelike her two million followers often think they are REAL injuries Kayla Kelley, 18, from Atlanta, Georgia, has earned viral fame on TikTok with her incredible special effects skills She has posted numerous looks on the social media app - many of which are incredibly gruesome and depict wounds and bloody injuries Many viewers have been left terrified by her creations, with a number admitting that they thought the gory scenes were real Kayla is self-taught and only started honing her makeup skills a few years ago, after joining an art class in high school ....