Turbonomic is a resource-simulation

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

company headquartered in

Boston, MA Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

and owned by

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

. The company was originally named VMTurbo.

History

The company formed partnerships with

Cisco Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, s ...

and IBM, entering into OEM agreements to bring Application Resource Management to a larger customer base. Since its founding in 2008 or 2009, Turbonomic had raised more than $250M from venture capital firms including

Bain Capital Ventures Bain Capital Ventures LLC is the venture capital division within Bain Capital, which has approximately $160 billion of assets under management worldwide. The firm's early-stage investments have included Attentive, Bloomreach, Billtrust, Docusign ...

and

Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices in Boston, Silicon Valley, and San Francisco. Highland has raised over $4 billion in committed capital and invested in more than 280 companies, with 47 IPOs and 134 acqui ...

. The company's product was updated in 2017 for use with

cloud computing Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to International Organization for ...

platforms. The company was originally named VMTurbo and changed its name to Turbonomic in August 2017. Turbonomic acquired ParkMyCloud and SevOne in 2019. IBM acquired Turbonomic on June 17, 2021. The company's product simulates

supply and demand In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good ...

forces in order to efficiently allocate resources such as computing, database, memory and storage.

References

External links

* * * * * {{cite web , last1 = O'Brien , first1 = Ellen , first2 = Sarah , last2=Wilson , title = VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension , url = http://searchvirtualstorage.techtarget.com/feature/VMTurbo-Inc-VMTurbo-Operations-Manager-41-and-Storage-Extension , date = February 14, 2014 , website = , publisher = TechTarget -- SearchVirtualStorage , accessdate = 2014-03-07 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

History

References

Further reading

External links