IBM to Acquire Turbonomic
April 29, 2021
IBM announced a definitive agreement to acquire Turbonomic, a Boston-based Application Resource Management (ARM) and Network Performance Management (NPM) software provider. The acquisition expands IBM’s hybrid cloud and AI capabilities by adding Turbonomic’s AIOps-driven optimization and observability technology to IBM’s Cloud Pak for Watson AIOps and Instana offerings.
- Buyers
- IBM
- Targets
- Turbonomic
- Industry
- Software
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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