Turbonomic

Turbonomic is an enterprise software company headquartered in Boston, MA.[3][4] The company's product simulates supply and demand forces in order to efficiently allocate resources such as computing, database, memory and storage.[5] It was updated in 2017 for use with cloud computing platforms.[6]

Turbonomic
TypeSubsidiary
IndustryVirtualization
information technology
Founded2008[1]
Headquarters
Boston, Massachusetts
,
United States
ProductsVirtualization management software
Number of employees
553 [2]
ParentIBM (2021–present)
Subsidiaries
Websiteturbonomic.com
Turbonomic Office

Turbonomic holds 18 patents (with 9 pending) related to its supply and demand abstraction.[7] In 2011, Gartner named Turbonomic as a Cool Vendor in Cloud Management.[8] In 2016, Turbonomic was listed as the top product for Virtualization Management in a report by IDG and IT Central Station.[9] Turbonomic has made five appearances to the Inc. 5000,[10] and made the Forbes Cloud 100 four times.[11] In 2020, Fast Company named Turbonomic to their Best Workplaces for Innovators List.[12] 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.[13]

To scale Turbonomic's Application Resource Management product, the company has formed alliance partnerships with companies including Cisco[14] and IBM,[15] entering into OEM agreements to bring Application Resource Management to a larger customer base.

Since its founding in 2009,[16] Turbonomic had raised more than $250M from venture capital firms including Bain Capital Ventures and Highland Capital Partners.[17]

In January 2017, Turbonomic announced that it closed a $50 million financing round led by former GE Chief Information Officer Gary Reiner.[18]

The company was originally named VMTurbo and changed its name to Turbonomic in August 2017.[19] Turbonomic acquired ParkMyCloud and SevOne in 2019. As of March 2021, the company had over 3,000 customers, and 36% of the Fortune 500.

On April 29, 2021, IBM announced it will acquire Turbonomic.[20] The acquisition was completed on June 17, 2021.[21]

References
  1. "VMTurbo's Tripling Revenues Are IBM's Loss". Forbes. 23 July 2013. Retrieved 3 August 2016.
  2. "Turbonomic Competitors, Revenue, Alternatives and Pricing".
  3. Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. Retrieved 7 March 2014.
  4. "Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up". CRN. 30 October 2015.
  5. "Company Overview of VMTurbo, Inc". Bloomberg L. P. Retrieved 2016-08-08.
  6. "Startup's New Software Tells Your Tech Where to Go". June 6, 2017. Retrieved March 28, 2019.
  7. Morgan, Timothy Prickett (May 1, 2013). "VMTurbo trousers $7.5m to bring Adam Smith's hand to more clouds". The Register.
  8. Milind Govekar; Cameron Haight; Donna Scott (11 April 2011). "Cool Vendors in Cloud Management, 2011". Gartner. Archived from the original on September 24, 2018. Retrieved 2014-03-01.
  9. Top Rated Enterprise Technology 2016 report
  10. "Turbonomic Named to the Inc. 5000 List of America's Fast-Growing Private Companies for the Fifth Time". www.turbonomic.com. 2020-08-19. Retrieved 2020-11-19.
  11. McGaughey, Katryn. "Turbonomic Named to the Forbes Cloud 100 for Fourth Consecutive Year". blog.turbonomic.com. Retrieved 2020-11-19.
  12. Company, Fast (2020-07-29). "Best Workplaces for Innovators 2020". Fast Company. Retrieved 2020-11-19.
  13. "Turbonomic Named an Enterprise Management Associates Vendor to Watch". www.businesswire.com. 2020-07-14. Retrieved 2020-11-19.
  14. Kuchipudi, Bali. "Cisco Announces Intersight Workload Optimizer". blog.turbonomic.com. Retrieved 2020-11-19.
  15. "IBM to OEM Turbonomic's Application Resource Management". www.businesswire.com. 2020-05-27. Retrieved 2020-11-19.
  16. "Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud". Forbes. February 21, 2019. Retrieved March 29, 2019.
  17. "VMTurbo #52 on Forbes America's Most Promising Companies". Forbes.
  18. "Former GE Exec Leads $50M Round for Turbonomic". BostInno. Retrieved 2017-01-28.
  19. "Why VMturbo becomes Turbonomic? - ESX Virtualization". 18 August 2016. Retrieved 27 August 2016.
  20. "IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud".
  21. "IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud".

Further reading
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