Turbonomic
U.S.-based enterprise software company
From Wikipedia, the free encyclopedia
Turbonomic is a resource-simulation software company headquartered in Boston, MA and owned by IBM. The company was originally named VMTurbo.
| Company type | Subsidiary |
|---|---|
| Industry | Virtualization information technology |
| Founded | 2008 |
| Headquarters | Boston, Massachusetts , United States |
| Products | Virtualization management software |
| Parent | IBM (2021–present) |
| Subsidiaries |
|
| Website | www |
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]