By ET Bureau - May 03, 2021 1 Mins Read
Turbonomic, a supplier of device resource management (ARM) and network performance management (NPM) applications infused with machine learning algorithms, was acquired by IBM this week. The acquisition’s terms were not announced, but it is scheduled to close this year.
IBM has been reselling Turbonomic’s ARM network for a long time, and the two firms have a long-standing partnership. Cisco also resells the resources that it has created. Turbonomic, which is privately owned, says that sales increased by 41% in fiscal 2021, and its clients include Avon, HauteLook, and Litehouse Foods.
Last fall, IBM started revamping its application and systems administration portfolio, which led to the decision to purchase Turbonomic.
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