Turbonomic
| 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
[edit]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
[edit]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
[edit]- ^ 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.
- ^ Top Rated Enterprise Technology 2016 report
- ^ "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.
- ^ McGaughey, Katryn. "Turbonomic Named to the Forbes Cloud 100 for Fourth Consecutive Year". blog.turbonomic.com. Retrieved 2020-11-19.
- ^ "Best Workplaces for Innovators 2020". Fast Company. 2020-07-29. Retrieved 2020-11-19.
- ^ "Turbonomic Named an Enterprise Management Associates Vendor to Watch". www.businesswire.com. 2020-07-14. Retrieved 2020-11-19.
- ^ Kuchipudi, Bali. "Cisco Announces Intersight Workload Optimizer". blog.turbonomic.com. Retrieved 2020-11-19.
- ^ "IBM to OEM Turbonomic's Application Resource Management". www.businesswire.com. 2020-05-27. Retrieved 2020-11-19.
- ^ "VMTurbo's Tripling Revenues Are IBM's Loss". Forbes. 23 July 2013. Retrieved 3 August 2016.
- ^ "Boston Startup Has Raised $150 Million To Date To Supercharge Apps Running In The Cloud". Forbes. February 21, 2019. Retrieved March 29, 2019.
- ^ "VMTurbo #52 on Forbes America's Most Promising Companies". Forbes.
- ^ "Startup's New Software Tells Your Tech Where to Go". June 6, 2017. Retrieved March 28, 2019.
- ^ "Why VMturbo becomes Turbonomic? - ESX Virtualization". 18 August 2016. Retrieved 27 August 2016.
- ^ "IBM to Acquire Turbonomic Building Industry's Most Comprehensive AIOps Capabilities for Hybrid Cloud".
- ^ "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. Retrieved 7 March 2014.
- ^ "Sources: VMware Sets Sights On Startup VMTurbo As Cloud Management Battle Heats Up". CRN. 30 October 2015.
- ^ "Company Overview of VMTurbo, Inc". Bloomberg L. P. Retrieved 2016-08-08.
Further reading
[edit]- Borchers, Callum (September 25, 2013). "VMTurbo names Bain Capital Ventures partner Benjamin Nye new CEO". The Boston Globe. Retrieved 2014-03-04.
- Borchers, Callum (January 22, 2014). "uTest leads 7 Massachusetts businesses on Forbes list of most promising companies". The Boston Globe. Retrieved 2014-03-07.
- Morgan, Timothy Prickett (February 18, 2013). "VMTurbo 'invisible hand' control freak grabs more virty servers". The Register. Retrieved 2016-08-07.
- Peter Cohan (29 January 2014). "Growing At 100% VMTurbo Takes Share And Talent From IBM". Forbes. Retrieved 2016-08-03.
- Burke, Steve (12 February 2014). "2014 Data Center 100: 20 Virtualization Providers". CRN. Retrieved 2014-03-07.
- CRN Staff (August 13, 2013). "Emerging Vendors 2013: Virtualization Vendors". CRN. Retrieved 2016-08-07.
External links
[edit]- "VMTurbo: Number 344 on the 2015 Inc. 5000". Inc.com. Retrieved 2016-08-02.
- Boslet, Mark (2013-05-01). "VMTurbo Raises Series C In Deal Led By Globespan – PE HUB". The PE Hub Network. Retrieved 2016-08-02.
- "Products of the Year 2011: Virtualization management". TechTarget – SearchServerVirtualization. Retrieved 2014-03-03.
- "The Intelligent Edge. Cloud Management – A new service-centric paradigm in enterprise IT management" (PDF). Hermes Advisors. 2013. Retrieved 2016-08-08.
- O'Brien, Ellen; Wilson, Sarah (February 14, 2014). "VMTurbo Inc. VMTurbo Operations Manager 4.1 and Storage Extension". TechTarget -- SearchVirtualStorage. Retrieved 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