Recently, IBM announced that it has agreed to acquire Turbonomic, a cloud computing software provider. The financial details of the transaction have not been disclosed. According to people familiar with the matter, the purchase price is between US$1.5 billion and US$2 billion. The transaction is expected to be the second in 2021. Finished quarterly.

It is reported that Turbonomic software can help corporate customers to evaluate the performance of their business application software. According to PitchBook data, Turbonomic's last private equity financing was in September 2019, with a capital raised of 70 million U.S. dollars and a corporate valuation of 963 million U.S. dollars. Turbonomic has previously cooperated with IBM, including the signing of an original equipment manufacturer (OEM) agreement in May 2020.

The acquisition is IBM's 11th transaction since Arvind Krishna took over as CEO last year. Turbonomic, formerly known as VMTurbo, is a software provider that provides enterprises with management software that can help them maintain and optimize applications, servers, networks, databases and other cloud-based resources. IBM believes that the integration of Turbonomic software business into the Group's Intelligent Operations (AIOps) strategy will help promote IBM's overall business growth.