April 29 - 17:04
11D
IBM buys Turbonomic to manage cloud apps
IBM has agreed to acquire Turbonomic in a deal reportedly worth up to $2bn. Turbonomic's technology manages application performance and fits in with IBM's broader strategy around AIOps and hybrid cloud. IBM says the acquisition will help its clients overcome the high costs normally associated with application management. The transaction is set to close in the second quarter of this year.
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