Turbonomic

Turbonomic

Company type	Subsidiary
Industry	Virtualization information technology
Founded	2008
Headquarters	Boston, Massachusetts , United States
Products	Virtualization management software
Parent	IBM (2021–present)
Subsidiaries	SevOne ParkMyCloud
Website	www.ibm.com/products/turbonomic

Turbonomic Office

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 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

1. Kuchipudi, Bali. "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. Medici, Andy (May 10, 2019). "ParkMyCloud has been bought by a well-funded Boston firm". Washington Business Journal . Retrieved September 16, 2024.
9. "Turbonomic Acquires SevOne" (Press release). BusinessWire. 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. Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno . 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.

Further reading

• 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

• "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.