“With the acquisition of Turbonomic … we can support customers in automating their entire company with functions such as Robotic Process Automation (RPA), AIOps, ARM and Process Mining,” writes Dinesh Nirmal, IBM General Manager for Cloud automation.
IBM has completed the acquisition of Turbonomic, a developer of software for application resource management and network performance management, and is preparing to combine it with other IBM technologies to offer customers application-oriented AIOps or artificial intelligence for IT operations.
The IBM, based in Armonk, New York, did not disclose the cost of the acquisition. However, when IBM first announced plans to buy Boston-based Turbonomic in April, reports suggested a purchase price of between $ 1.5 billion and $ 2 billion Provide information.
[Related: IBM Spends Up To $ 2 Billion To Buy Turbonomic In AI Push]
However, Dinesh Nirmal, general manager for cloud automation at IBM, wrote in a blog post that with the acquisition, IBM plans to develop a single-vendor approach to AIOps to reduce the complications that arise resulting from multi-vendor solutions that tend to drive increase costs, force users to focus on maintaining their solutions, and strain internal resources.
“With the acquisition of Turbonomic … we can get customers help automate your entire company with features like Robotic Process Automation (RPA), AIOps, ARM and Process Mining, ”wrote Nirmal (picture above). “Turbonomic provides full application visibility across the entire stack, which optimizes application performance and the cost of running the application. Its capabilities also ensure policy compliance and minimize resource costs in hybrid cloud environments. ”
IBM expects Turbonomic to add full application observability to its November acquisition of Instana, an application performance monitoring and observability startup Nirmal wrote.
Turbonomic in conjunction with the recently launched IBM Cloud Pak for Watson AIOps will help customers achieve governance, compliance and cost efficiency, wrote er.
“Together, these features will provide a powerful application-centric AIOps solution for businesses working to meet their customers’ needs,” he wrote.
IBM expects Turbonomic to leverage the investment in the Company in an ecosystem of partners, daru nter Cisco to help businesses accelerate their transition to hybrid cloud and AI. An OEM relationship between which Turbonomic has provided technology for the Cisco Intersight Workload Optimizer is to be continued.
IBM also plans to provide Turbonomic’s Application Resource Management with expanded support for infrastructure and services for all major public clouds, including IBM Cloud, and for Turbonomic’s Network Performance Management technology to drive IBM’s telecommunications business, including intelligent optimization of applications running in 5G environments.
Founded in 2010, Turbonomic has a total of 149, according to Crunchbase , Raised $ 5 million from investors including Bain Capital and General Atlantic, and ICONIQ Capital. The company has 460 employees, according to LinkedIn. According to IBM, the company has more than 500 employees.
Similar title :
– IBM closes Acquisition of Turbonomic ab offers comprehensive AIOps functions for the hybrid cloud
– IBM signs up with Turbonomic Buy to help customers automate the cloud for the entire enterprise Enterprise
– Consistently modern: clearing up some myths about the cloud and IBM i