IBM Turbonomic

Company Overview

Snapshot

Founded in January 2009, IBM Turbonomic was co-founded by Shai Benjamin. The company has 201–500 employees and raised a total of $149.5 million across 6 funding rounds from 6 investors. In June 2021, IBM acquired Turbonomic, integrating its application resource management and network performance management software to enhance IBM's AIOps offerings.

Business overview

IBM Turbonomic, an IBM company, provides a workload automation platform designed for hybrid cloud environments. Its core technology enables heterogeneous environments to self-manage, ensuring application performance across any cloud. The platform automates workload placement, sizing, and provisioning, continuously analyzing and adjusting IT resources in real time to maintain application performance and policy compliance. IBM Turbonomic focuses on hybrid cloud cost optimization, helping clients maximize business value from their investments in public, private, hybrid, and multi-cloud infrastructures, without compromising application performance. The company operates within the Business Software sector, serving enterprise and professional services, particularly in software development.

Strategic signal

In June 2021, IBM acquired Turbonomic, integrating its application resource management and network performance management software into IBM's portfolio. This acquisition is significant as it allows IBM to offer a more comprehensive, single-vendor approach to AIOps, aiming to reduce complexities and costs associated with multi-vendor solutions. For investors, this signals IBM's strategic commitment to strengthening its cloud and AI capabilities, positioning the combined entity to drive governance, compliance, and cost efficiencies for customers in hybrid cloud environments.

Company Intelligence Q&A

What was a significant corporate event for IBM Turbonomic?

In June 2021, IBM acquired Turbonomic. This acquisition aimed to enhance IBM's application-centric AIOps offerings and automate enterprise-wide cloud operations.

What was the reported acquisition amount for Turbonomic by IBM?

Reports suggest the acquisition of Turbonomic by IBM in June 2021 was valued between $1.5 billion and $2 billion.

Which investors participated in a funding round for Turbonomic in January 2015?

In January 2015, Turbonomic received investment from ICONIQ Growth and Highland Capital Partners.

What was the strategic rationale behind IBM's acquisition of Turbonomic?

IBM's acquisition of Turbonomic in June 2021 was driven by the goal to provide clients with application-centric AIOps offerings, automate their entire enterprise, and create a single-vendor approach to AIOps to reduce complications and costs in multi-vendor solutions.