Turbonomic
| 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 |
Turbonomic is a resource-simulation software company headquartered in Boston, MA and owned by IBM. The company was originally named VMTurbo.
History
[edit]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 2017.[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]
References
[edit]- ^ Kuchipudi, Bali. "Cisco Announces Intersight Workload Optimizer". blog.turbonomic.com. Retrieved 2020-11-19.
- ^ "IBM to OEM Turbonomic's Application Resource Management". www.businesswire.com. 2020-05-27. Retrieved 2020-11-19.
- ^ "VMTurbo's Tripling Revenues Are IBM's Loss". Forbes. 23 July 2013. Retrieved 3 August 2016.
- ^ "Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud". Forbes. February 21, 2019. Retrieved March 29, 2019.
- ^ "VMTurbo #52 on Forbes America's Most Promising Companies". Forbes.
- ^ "Startup's New Software Tells Your Tech Where to Go". June 6, 2017. Retrieved March 28, 2019.
- ^ "Why VMturbo becomes Turbonomic? - ESX Virtualization". 18 August 2016. Retrieved 27 August 2016.
- ^ Medici, Andy (May 10, 2019). "ParkMyCloud has been bought by a well-funded Boston firm". Washington Business Journal. Retrieved September 16, 2024.
- ^ "Turbonomic Acquires SevOne" (Press release). BusinessWire. November 4, 2019. Retrieved September 16, 2024.
- ^ "IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud".
- ^ "IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud".
- ^ Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. Retrieved 7 March 2014.
- ^ "Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up". CRN. 30 October 2015.
- ^ "Company Overview of VMTurbo, Inc". Bloomberg L. P. Retrieved 2016-08-08.
Further reading
[edit]- Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". The Boston Globe. Retrieved 2014-03-04.
- Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". The Boston Globe. Retrieved 2014-03-07.
- Morgan, Timothy Prickett (February 18, 2013). "VMTurbo 'invisible hand' control freak grabs more virty servers". The Register. Retrieved 2016-08-07.
- Peter Cohan (29 January 2014). "Growing At 100% VMTurbo Takes Share And Talent From IBM". Forbes. Retrieved 2016-08-03.
- Burke, Steve (12 February 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN. Retrieved 2014-03-07.
- CRN Staff (August 13, 2013). "Emerging Vendors 2013: Virtualization Vendors". CRN. Retrieved 2016-08-07.
External links
[edit]- "VMTurbo: Number 344 on the 2015 Inc. 5000". Inc.com. Retrieved 2016-08-02.
- Boslet, Mark (2013-05-01). "VMTurbo Raises Series C In Deal Led By Globespan – PE HUB". The PE Hub Network. Retrieved 2016-08-02.
- "Products of the Year 2011: Virtualization management". TechTarget – SearchServerVirtualization. Retrieved 2014-03-03.
- "The Intelligent Edge. Cloud Management – A new service-centric paradigm in enterprise IT management" (PDF). Hermes Advisors. 2013. Retrieved 2016-08-08.
- O'Brien, Ellen; Wilson, Sarah (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearchVirtualStorage. Retrieved 2014-03-07.
Categories:
- 2008 establishments in Massachusetts
- Business software companies
- Cloud computing providers
- Virtualization software
- Companies based in Boston
- American companies established in 2008
- Software companies established in 2008
- Software companies based in Massachusetts
- Defunct software companies of the United States
- 2021 mergers and acquisitions
- IBM acquisitions
- IBM subsidiaries
- Bain Capital companies