Company:Turbonomic
From HandWiki
Short description: U.S.-based enterprise software 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.
Reception
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]
History
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]
References
- ↑ Milind Govekar; Cameron Haight (11 April 2011). "Cool Vendors in Cloud Management, 2011". Gartner. http://www.gartner.com/doc/1627420/cool-vendors-cloud-management. Retrieved 2014-03-01.
- ↑ Top Rated Enterprise Technology 2016 report
- ↑ "Turbonomic Named to the Inc. 5000 List of America's Fast-Growing Private Companies for the Fifth Time" (in en). 2020-08-19. https://blog.turbonomic.com/press-releases/turbonomic-named-to-the-inc.-5000-list-of-americas-fast-growing-private-companies-for-the-fifth-time.
- ↑ McGaughey, Katryn. "Turbonomic Named to the Forbes Cloud 100 for Fourth Consecutive Year" (in en). https://blog.turbonomic.com/press-releases/2019-forbes-cloud-100.
- ↑ "Best Workplaces for Innovators 2020" (in en-US). 2020-07-29. https://www.fastcompany.com/90527870/best-workplaces-for-innovators-2020.
- ↑ "Turbonomic Named an Enterprise Management Associates Vendor to Watch" (in en). 2020-07-14. https://www.businesswire.com/news/home/20200714005336/en/Turbonomic-Named-an-Enterprise-Management-Associates-Vendor-to-Watch.
- ↑ Kuchipudi, Bali. "Cisco Announces Intersight Workload Optimizer" (in en). https://blog.turbonomic.com/cisco-announces-intersight-workload-optimizer.
- ↑ "IBM to OEM Turbonomic's Application Resource Management" (in en). 2020-05-27. https://www.businesswire.com/news/home/20200527005198/en/IBM-to-OEM-Turbonomic%E2%80%99s-Application-Resource-Management.
- ↑ "VMTurbo's Tripling Revenues Are IBM's Loss". Forbes. 23 July 2013. https://www.forbes.com/sites/petercohan/2013/07/23/vmturbos-tripling-revenues-are-ibms-loss/. Retrieved 3 August 2016.
- ↑ "Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud". Forbes. February 21, 2019. https://www.forbes.com/sites/danieldambrosio/2019/02/21/boston-startup-raises-150-million-to-supercharge-apps-running-in-the-cloud/#30637df591b7. Retrieved March 29, 2019.
- ↑ "VMTurbo #52 on Forbes America's Most Promising Companies". https://www.forbes.com/companies/vmturbo/.
- ↑ "Startup's New Software Tells Your Tech Where to Go". June 6, 2017. http://fortune.com/2017/06/06/startup-guides-customer-tech-choices/. Retrieved March 28, 2019.
- ↑ "Why VMturbo becomes Turbonomic? - ESX Virtualization". 18 August 2016. http://www.vladan.fr/vmturbo-becomes-turbonomic/. Retrieved 27 August 2016.
- ↑ "IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud". https://newsroom.ibm.com/2021-04-29-IBM-to-Acquire-Turbonomic-Building-Industrys-Most-Comprehensive-AIOps-Capabilities-for-Hybrid-Cloud.
- ↑ "IBM Closes Acquisition of Turbonomic to Deliver Comprehensive AIOps Capabilities for Hybrid Cloud". https://newsroom.ibm.com/2021-06-17-IBM-Closes-Acquisition-of-Turbonomic-to-Deliver-Comprehensive-AIOps-Capabilities-for-Hybrid-Cloud.
- ↑ Bernard, GIllis (February 11, 2014). "VMTurbo Will Move to Back Bay & Bulk Up Team in 2014". BostInno. http://bostinno.streetwise.co/2014/02/11/vmturbo-moves-from-burlington-mass-to-bostons-back-bay-in-april/. Retrieved 7 March 2014.
- ↑ "Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up". CRN. 30 October 2015. http://www.crn.com/news/cloud/300078670/sources-vmware-sets-sights-on-startup-vmturbo-as-cloud-management-battle-heats-up.htm.
- ↑ "Company Overview of VMTurbo, Inc.". Bloomberg L. P.. https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapId=62444964. Retrieved 2016-08-08.
Further reading
- Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". The Boston Globe. http://www.boston.com/business/innovation/blogs/inside-the-hive/2013/09/25/vmturbo-names-bain-capital-ventures-partner-benjamin-nye-new-ceo/KsVJgDzgQmvZGPcmSjHz8N/blog.html. Retrieved 2014-03-04.
- Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". The Boston Globe. http://boston.com/business/innovation/blogs/inside-the-hive/2014/01/22/utest-leads-massachusetts-businesses-forbes-list-most-promising-companies/ZBm3q3HrZxmZg2nZ4GozgP/blog.html. Retrieved 2014-03-07.
- Morgan, Timothy Prickett (February 18, 2013). "VMTurbo 'invisible hand' control freak grabs more virty servers". https://www.theregister.co.uk/2013/02/18/vmturbo_operations_manager_3_3/. Retrieved 2016-08-07.
- Peter Cohan (29 January 2014). "Growing At 100% VMTurbo Takes Share And Talent From IBM". Forbes. https://www.forbes.com/sites/petercohan/2014/01/29/growing-at-100-vmturbo-takes-share-and-talent-from-ibm/. Retrieved 2016-08-03.
- Burke, Steve (12 February 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN. http://www.crn.com/slide-shows/data-center/300071717/2014-data-center-100-20-virtualization-providers.htm. Retrieved 2014-03-07.
- CRN Staff (August 13, 2013). "Emerging Vendors 2013: Virtualization Vendors". CRN. http://www.crn.com/slide-shows/virtualization/240159874/emerging-vendors-2013-virtualization-vendors.htm/pgno/0/14. Retrieved 2016-08-07.
External links
- "VMTurbo: Number 344 on the 2015 Inc. 5000". Inc.com. http://www.inc.com/profile/vmturbo. Retrieved 2016-08-02.
- Boslet, Mark (2013-05-01). "VMTurbo Raises Series C In Deal Led By Globespan – PE HUB" (in en-US). The PE Hub Network. https://www.pehub.com/2013/05/vnturbo-raises-series-c-in-deal-led-by-globespan/. Retrieved 2016-08-02.
- "Products of the Year 2011: Virtualization management". TechTarget – SearchServerVirtualization. http://searchservervirtualization.techtarget.com/feature/Products-of-the-Year-2011-Virtualization-management. Retrieved 2014-03-03.
- "The Intelligent Edge. Cloud Management – A new service-centric paradigm in enterprise IT management". Hermes Advisors. 2013. http://hermes-advisors.com/wp-content/uploads/2012/02/The_Intelligent_Edge_-_March_2012_-_Cloud_Management.pdf. Retrieved 2016-08-08.
- O'Brien, Ellen; Wilson, Sarah (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearchVirtualStorage. http://searchvirtualstorage.techtarget.com/feature/VMTurbo-Inc-VMTurbo-Operations-Manager-41-and-Storage-Extension. Retrieved 2014-03-07.
 |  |
