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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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IBM Agrees to Acquire Turbonomic

04/29/2021 | 11:36am EDT

By Stephen Nakrosis

International Business Machines Corp. on Thursday said it has agreed to acquire Turbonomic, "an Application Resource Management and Network Performance Management software provider based in Boston."

Turbonomic provides software that "simultaneously optimizes the performance, compliance and cost of applications in real time," IBM said.

IBM also said the acquisition complements the "recent acquisition of Instana for application performance monitoring and observability, and the launch of IBM Cloud Pak for Watson AIOps to automate IT Operations using AI."

Rob Thomas, Senior Vice President, IBM Cloud and Data Platform, said, "IBM continues to reshape its future as a hybrid cloud and AI company." He added, "The Turbonomic acquisition is yet another example of our commitment to making the most impactful investments to advance this strategy and ensure customers find the most innovative ways to fuel their digital transformations."

Financial details of the deal, which is expected to close in the second quarter, weren't disclosed.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

04-29-21 1135ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.49% 151.28 Delayed Quote.20.18%
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Financials (USD)
Sales 2021 74 392 M - -
Net income 2021 7 505 M - -
Net Debt 2021 48 935 M - -
P/E ratio 2021 18,0x
Yield 2021 4,43%
Capitalization 135 B 135 B -
EV / Sales 2021 2,47x
EV / Sales 2022 2,38x
Nbr of Employees 345 900
Free-Float 39,8%
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Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 17
Average target price 143,32 $
Last Close Price 151,28 $
Spread / Highest target 15,7%
Spread / Average Target -5,26%
Spread / Lowest Target -20,0%
EPS Revisions
Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
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