| 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.
In 2011, Gartner named Turbonomic as a Cool Vendor in Cloud Management. [1] In 2016, Turbonomic was listed as the top product for Virtualization Management in a report by IDG and IT Central Station. [2] Turbonomic has made five appearances to the Inc. 5000, [3] and made the Forbes Cloud 100 four times. [4] In 2020, Fast Company named Turbonomic to their Best Workplaces for Innovators List. [5] The company was also deemed a Vendor to Watch in AIOps by Enterprise Management Associates (EMA) for its combination of abstraction, analytics, and automation engine that continually assures performance of a customer’s applications. [6]
The company formed partnerships with Cisco [7] and IBM, [8] entering into OEM agreements to bring Application Resource Management to a larger customer base.
Since its founding in 2008 [9] or 2009, [10] Turbonomic had raised more than $250M from venture capital firms including Bain Capital Ventures and Highland Capital Partners. [11]
The company's product was updated in 2017 for use with cloud computing platforms. [12]
The company was originally named VMTurbo and changed its name to Turbonomic in August 2017. [13]
Turbonomic acquired ParkMyCloud and SevOne in 2019.[ citation needed ]
IBM acquired Turbonomic on June 17, 2021. [14] [15] [16] [17] The company's product simulates supply and demand forces in order to efficiently allocate resources such as computing, database, memory and storage. [18]
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