IBM acquires Turbonomic for $ 200 million


New Delhi. IBM, a tech giant, acquired US-based software company Turbonomic. According to media reports, the deal has been settled for 200 million dollars. With the acquisition of Turbonomic, IBM will help companies overcome the high costs associated with managing performance while simultaneously expanding the availability of multiple applications by rapidly expanding a complex hybrid cloud environment.

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“IBM continues to work towards shaping its future as a hybrid cloud and AI company,” said Rob Thomas, senior vice president of IBM Cloud and Data Platforms.

In a statement on Thursday, he said, “The acquisition of Turbonomic is an example of how we are investing towards advancing this strategy. It shows our commitment. Also, it helps customers To ensure that they are moving forward on the most unique path of digital transformation. “

–IANS

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