SevOne, a Boston-based software company with a technology hub in Newark, has been acquired by Turbonomic, a cloud management firm also based in Boston. The deal closed Monday, November 4. The two companies plan to ...
SevOne, a Boston-based software company with a technology hub in Newark, has been acquired byTurbonomic,a cloud management firm also based in Boston. The deal closed Monday, November 4.
The two companies plan to combine their respective IP and customer bases to improve their suite of software services, which now cover the gamut of network management and performance diagnostics.
"Turbonomic helps customers assure performance through Application Resource Management. SevOne helps customers assure application performance through network performance management. The combined entities, each with strong intellectual property, loyal customer bases, will be able to deliver customers with better data, analytics and performance for the complete application infrastructure stack," said Jill St. George, vice president of corporate marketing of SevOne.
St. George told the Delaware Business Times that the "the Newark office will remain our technology hub and will continue to expand as our development needs do." She added that no layoffs were associated with the acquisition, although the company engaged in "minor restructuring" in recent months.
“The combined entities, with unique intellectual property, have an incredible opportunity to define the future of performance, said Benjamin Nye, chief executive officer at Turbonomic. "Over the last 10 years, we’ve invested $200 million to build the world’s leading Application Resource Management solution. Only Turbonomic enables customers to automate the performance management of applications across virtual, cloud and cloud-native environments.In parallel, SevOne has built valuable performance-focused Intellectual Property – from the network up. As part of Turbonomic, there is greater opportunity to enable customers to deliver predictable and reliable application performance.”
SevOne's Delaware office is located at 550 S College Avenue in the University of Delaware's STAR Campus.
“Turbonomic customers take a modern approach to managing application resources with AI-powered automation – of which the network is essential,” said SevOne CEO, Jack Sweeney. “We’re excited to join forces with Turbonomic and help customers leverage the combination of these industry leading performance platforms.”