IBM to buy enterprise software company Turbonomic for $2 bn

IBM announced the acquisition of US-based enterprise software company Turbonomic in a deal that according to media reports could be worth up to $2 billion.
IBM AI for business
With the acquisition of Turbonomic, IBM will help companies overcome the high costs associated with managing performance and availability for multiple applications sharing an increasingly complex hybrid cloud environment.

“IBM continues to reshape its future as a hybrid cloud and AI company,” said Rob Thomas, Senior Vice President, IBM Cloud and Data Platform.

Turbonomic provides businesses with its ARM software that simultaneously optimizes the performance, compliance, and cost of applications in real-time.

“The addition of Turbonomic now takes our portfolio another major step forward by ensuring customers will have full visibility into what is going on throughout their hybrid cloud infrastructure, and across their entire enterprise,” said Dinesh Nirmal, General Manager, IBM Automation.

As 5G adoption continues to grow, enterprises are looking to move workloads to the edge. This is driving networking to be an integral component of the application deployment strategy.

Related News

Latest News

Latest News