Friday, May 7, 2021
News

IBM to acquire enterprise software firm Turbonomic for up to $2B

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Friday, 2021 4:15:05 PM IST
Tech giant IBM has announced to acquire US-based enterprise software company Turbonomic, a deal that according to media reports could be worth up to $2 billion.

With the acquisition of Turbonomic, IBM will help companies overcome the high costs associated with managing performance and availability for multiple applications sharing an increasingly complex hybrid cloud environment.

"IBM continues to reshape its future as a hybrid cloud and AI company," said Rob Thomas, Senior Vice President, IBM Cloud and Data Platform.

"The Turbonomic acquisition is yet another example of our commitment to making the most impactful investments to advance this strategy and ensure customers find the most innovative ways to fuel their digital transformations," he said in a statement on Thursday.

Turbonomic provides businesses with its ARM software that simultaneously optimizes the performance, compliance, and cost of applications in real-time.

"The addition of Turbonomic now takes our portfolio another major step forward by ensuring customers will have full visibility into what is going on throughout their hybrid cloud infrastructure, and across their entire enterprise," said Dinesh Nirmal, General Manager, IBM Automation.

As 5G adoption continues to grow, enterprises are also looking to move workloads to the edge. This is driving networking to be an integral component of the application deployment strategy.

"Businesses are looking for AI-driven software to help them manage the scale and complexity challenges of running applications cross-cloud," said Ben Nye, CEO, Turbonomic.

The transaction is ?xpected to close in the second quarter of 2021.

--IANS na/

( 262 Words)

2021-04-30-10:18:02 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Lenovo Android tablet likely to support ...
Smart City Startup challenge for start-u...
Facebook adds new features to Instagram ...
SARS-CoV-2 DNA integration into host gen...
Jeff Bezos' Blue Origin to launch first ...
IBM unveils 2 nanometre chip tech for fa...
More...
 
INDIA WORLD ASIA
UP panchayat poll winner booked for taki...
Fake advisory doing rounds on social med...
COVID-19: IAF airlifts oxygen containers...
COVID-19: Aircraft carrying Remdesivir c...
7 BJP candidates had their deposits forf...
SC rules out gag on real time court proc...
More...    
 
 Top Stories
Urgent steps must to reduce methane... 
Bihar reports 15,126 new Covid case... 
Argentina reports 24,086 new COVID-... 
Hanumantha Rao slams Telangana BJP ... 
Pak reports 4,198 new COVID-19 case... 
Disappointed after loss, world cham... 
Malik enters semis of World Olympic... 
CSA to distribute MOI to stakeholde...