Turbonomic Explained

Turbonomic
Type:	Subsidiary
Foundation:	2008
Location City:	Boston, Massachusetts
Location Country:	United States
Industry:	Virtualization information technology
Products:	Virtualization management software
Parent:	IBM (2021–present)

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]

Further reading

• Web site: Borchers . Callum . VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO . . September 25, 2013 . 2014-03-04.
• Web site: Borchers . Callum . uTest leads 7 Massachusetts businesses on Forbes list of most promising companies . The Boston Globe . January 22, 2014 . 2014-03-07.
• Web site: Morgan . Timothy Prickett . . VMTurbo 'invisible hand' control freak grabs more virty servers . February 18, 2013 . 2016-08-07.
• News: Peter Cohan . Growing At 100% VMTurbo Takes Share And Talent From IBM . 29 January 2014 . Forbes . 2016-08-03.
• Web site: Burke . Steve . 2014 Data Center 100: 20 Virtualization Providers . 12 February 2014 . CRN . 2014-03-07.
• Web site: CRN Staff . Emerging Vendors 2013: Virtualization Vendors . August 13, 2013 . CRN . 2016-08-07.

External links

• VMTurbo: Number 344 on the 2015 Inc. 5000 . Inc.com . 2016-08-02.
• Web site: Boslet . Mark . VMTurbo Raises Series C In Deal Led By Globespan – PE HUB . 2013-05-01 . The PE Hub Network . en-US . 2016-08-02.
• Web site: Products of the Year 2011: Virtualization management . TechTarget – SearchServerVirtualization . 2014-03-03.
• Web site: The Intelligent Edge. Cloud Management – A new service-centric paradigm in enterprise IT management . Hermes Advisors . 2013 . 2016-08-08.
• Web site: O'Brien . Ellen . Sarah . Wilson . VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension . February 14, 2014 . TechTarget -- SearchVirtualStorage . 2014-03-07.

Notes and References

1. Web site: Kuchipudi. Bali. Cisco Announces Intersight Workload Optimizer. 2020-11-19. blog.turbonomic.com. en.
2. Web site: 2020-05-27. IBM to OEM Turbonomic's Application Resource Management. 2020-11-19. www.businesswire.com. en.
3. News: VMTurbo's Tripling Revenues Are IBM's Loss . 23 July 2013 . . 3 August 2016.
4. News: Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud . February 21, 2019 . . March 29, 2019.
5. Web site: VMTurbo #52 on Forbes America's Most Promising Companies . Forbes .
6. Web site: Startup's New Software Tells Your Tech Where to Go. June 6, 2017. March 28, 2019.
7. Web site: Why VMturbo becomes Turbonomic? - ESX Virtualization. 18 August 2016. 27 August 2016.
8. News: ParkMyCloud has been bought by a well-funded Boston firm . Medici . Andy . May 10, 2019 . . September 16, 2024.
9. Turbonomic Acquires SevOne . . November 4, 2019 . September 16, 2024.
10. Web site: IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud.
11. Web site: IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud.
12. Web site: Bernard . GIllis . VMTurbo Will Move to Back Bay & Bulk Up Team in 2014 . . 7 March 2014 . February 11, 2014.
13. Web site: CRN. Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up. 30 October 2015.
14. Web site: Company Overview of VMTurbo, Inc. . Bloomberg L. P. . 2016-08-08.