fbpx

Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

IBM Completes Acquisition Of Application Resource Management Provider, Turbonomic. Inc.

By John F. Heerdink, Jr.

Reportedly, International Business Machines Corporation (IBM) announced the closing of its acquisition of Turbonomic, Inc., an Application Resource Management (ARM) and Network Performance Management (NPM) software provider based in Boston, MA. The recent closure complements IBM’s recent acquisition of Instana for application performance monitoring and observability, along with the launch of IBM Cloud Pak for Watson AIOps to automate IT Operations using AI. 

IBM offers its customers AI-powered automation capabilities that range from AIOps, the use of AI to automate IT Operations to application-centric performance and IT resources observability, built on Red Hat OpenShift to run on any hybrid cloud environment. The close of the acquisition adds on IBM’s increasing investment in its ecosystem of business partners, such as Cisco, to help customers accelerate their journey to hybrid cloud and AI.

“We believe that the move to AI-powered automation is essential to helping businesses succeed in a digital-first world. IBM is already helping thousands of customers use automation to make IT and business processes more efficient and employees more effective. Now that Turbonomic is a part of our portfolio, IBM is the only company providing a one-stop shop of AI-powered automation capabilities, all built on Red Hat OpenShift to run anywhere.” stated Dinesh Nirmal, General Manager, IBM Automation.

Turbonomic ARM will assist to expand its support for infrastructure and services for all of the major public clouds, including IBM Cloud, and also provide recommendations and automation for a wider set of enterprise applications, PaaS services, and software.

“Today, applications run the business. Turbonomic’s Application Resource Management assures application performance and governance so customers can focus on innovation. IBM’s acquisition of Turbonomic now helps us reach and serve more customers globally – enabling successful application hosting operations across any cloud environment,” stated Ben Nye, CEO, Turbonomic.

As the use of the hybrid cloud continues to grow, companies go through high costs associated with managing performance and availability for multiple applications and sharing an increasingly complex hybrid cloud environment.

The acquisition highlights IBM’s focus on providing organizations with a one-stop-shop of AI-powered automation capabilities for business and IT all built on Red Hat OpenShift.  Over the last year, IBM has taken bold steps including acquisitions of Turbonomic, myInvenio, Instana, and WDG Automation; ecosystem partnerships; and organic R&D including the launch of Cloud Pak for Watson AIOps and IBM Watson Orchestrate.

Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 156
(Read Original Story: IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud in PR Newswire)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us