M&A Deal Summary

IBM Acquires Turbonomic

On April 29, 2021, IBM acquired software company Turbonomic for 1.5B USD

Acquisition Highlights
  • This is IBM’s 102nd transaction in the Software sector.
  • This is IBM’s 11th largest (disclosed) transaction.
  • This is IBM’s 127th transaction in the United States.
  • This is IBM’s 23rd transaction in Massachusetts.

M&A Deal Summary
Date 2021-04-29
Target Turbonomic
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Turbonomic

Boston, Massachusetts, United States
Turbonomic is an application resource management that simultaneously optimizes application performance, compliance, and cost in real-time. The software platform automatically identifies and executes the right actions at the right time at every layer of the application stack. Turbonomic was formed in 2009 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 177 of 198
Sector (Software) 102 of 109
Type (Add-on Acquisition) 157 of 175
State (Massachusetts) 23 of 25
Country (United States) 127 of 142
Year (2021) 4 of 10
Size (of disclosed) 11 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 myInvenio

Reggio Emilia, Italy

myInvenio is a process mining and Digital Twin of an Organization solution that offers a low-cost, fail-fast approach to analyze, constantly monitor and improve business processes, and drive digital transformation. myInvenio was founded in 2013 and is based in Reggio Emilia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Waeg

Brussel, Belgium

Waeg is a Salesforce Consulting Partner with several offices across Europe: Belgium, Denmark, France, Ireland, Netherlands, Poland, and Portugal. Waeg refers to its global network of member firms and their related entities. Waeg was founded in 2012 and is based in Brussel, Belgium.

Buy -
Mergr

Product

Company

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