| 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.
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]
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]