Turbonomic

Turbonomic is a developer of solutions that help enterprises reduce cloud computing costs and improve their performance.

History

2021: IBM bought Turbonomic

At the end of April 2021, IBM announced the acquisition of the Turbonomic software provider. The company did not disclose the financial component of the transaction.

As part of the deal, which is the largest for IBM since the acquisition of Red Hat for $34 billion in 2019, Turbonomic was valued at $1.5 to $2 billion, Reuters sources said, who wished to maintain anonymity. This will be IBM's eleventh acquisition since Arvind Krishna took over as CEO of the company in 2020.

IBM acquired Turbonomic

Turbonomic offers its customers an artificial intelligence-based application resource management platform to optimize company public cloud environments. The platform is focused on two main uses: optimizing cloud application performance and reducing infrastructure costs.

Turbonomic artificial intelligence models focus on the company's cloud environment, they determine whether more hardware resources are allocated to any workloads than are required for optimal operation. After the analysis, the administrators are provided with recommendations to resolve the detected problems.

IBM plans to integrate the Turbonomic platform with its existing Instana monitoring solution, which it also received as a result of the purchase of Instana. Instana provides the ability to monitor one level above the stack, and the Turbonomic platform aims to detect problems at the infrastructure level.

IBM drew attention to the trend towards AIOps, the practice of automating repetitive IT tasks using machine learning, as a factor that pushed the company to a deal with Turbonomic.

We believe that AI-based automation has become inevitable and contributes to a noticeable increase in job productivity, "said Dinesh Nirmal, general manager of IBM Automation at IBM.[1]

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