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Turbonomic

Turbonomic is a resource-simulation software company headquartered in Boston, MA and owned by IBM. The company was originally named VMTurbo.

History

The company formed partnerships with Cisco[1] and IBM,[2] entering into OEM agreements to bring Application Resource Management to a larger customer base.

Since its founding in 2008[3] or 2009,[4] Turbonomic had raised more than $250M from venture capital firms including Bain Capital Ventures and Highland Capital Partners.[5]

The company's product was updated in 2017 for use with cloud computing platforms.[6]

The company was originally named VMTurbo and changed its name to Turbonomic in August 2016.[7]

Turbonomic acquired ParkMyCloud[8] and SevOne[9] in 2019.

IBM acquired Turbonomic on June 17, 2021.[10][11][12][13]

The company's product simulates supply and demand forces in order to efficiently allocate resources such as computing, database, memory and storage.[14]

Further reading

External links

References

  1. Bali Kuchipudi. Cisco Announces Intersight Workload Optimizer blog.turbonomic.com, retrieved 2020-11-19^
  2. IBM to OEM Turbonomic's Application Resource Management www.businesswire.com, 2020-05-27, retrieved 2020-11-19^
  3. VMTurbo's Tripling Revenues Are IBM's Loss Forbes, 23 July 2013, retrieved 3 August 2016^
  4. Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud Forbes, February 21, 2019, retrieved March 29, 2019^
  5. VMTurbo #52 on Forbes America's Most Promising Companies Forbes^
  6. Startup's New Software Tells Your Tech Where to Go June 6, 2017, retrieved March 28, 2019^
  7. Why VMturbo becomes Turbonomic? - ESX Virtualization 18 August 2016, retrieved 27 August 2016^
  8. Andy Medici. ParkMyCloud has been bought by a well-funded Boston firm Washington Business Journal, May 10, 2019, retrieved September 16, 2024^
  9. Turbonomic Acquires SevOne November 4, 2019, retrieved September 16, 2024^
  10. IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud^
  11. IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud^
  12. GIllis Bernard. VMTurbo Will Move to Back Bay & Bulk Up Team in 2014 BostInno, February 11, 2014, retrieved 7 March 2014^
  13. Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up CRN, 30 October 2015^
  14. Company Overview of VMTurbo, Inc. Bloomberg L. P., retrieved 2016-08-08^
  15. Timothy Prickett Morgan. VMTurbo control freak spans more clouds The Register, 6 February 2012, retrieved 2016-08-07^