IBM Agrees to Acquire Turbonomic
29 April 2021 - 05:50PM
Dow Jones News
By Stephen Nakrosis
International Business Machines Corp. on Thursday said it has
agreed to acquire Turbonomic, "an Application Resource Management
and Network Performance Management software provider based in
Boston."
Turbonomic provides software that "simultaneously optimizes the
performance, compliance and cost of applications in real time," IBM
said.
IBM also said the acquisition complements the "recent
acquisition of Instana for application performance monitoring and
observability, and the launch of IBM Cloud Pak for Watson AIOps to
automate IT Operations using AI."
Rob Thomas, Senior Vice President, IBM Cloud and Data Platform,
said, "IBM continues to reshape its future as a hybrid cloud and AI
company." He added, "The Turbonomic acquisition is yet another
example of our commitment to making the most impactful investments
to advance this strategy and ensure customers find the most
innovative ways to fuel their digital transformations."
Financial details of the deal, which is expected to close in the
second quarter, weren't disclosed.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 29, 2021 11:35 ET (15:35 GMT)
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