IBM is set to acquire Turbonomic, a company that works around application resource and network performance management. The announcement took place during IBM’s eleventh hybrid cloud and AI (Artificial Intelligence) acquisition since CEO Arvind Krishna took over.

According to the top news journalist, IBM sets the value between USD 1.5 billion and USD 2 billion for Turbonomic. This purchase by IBM will see the elevation in the AIOps (Artificial Intelligence for IT Operations) business. The power of Turbonomic is encountered when it incorporates AI for monitoring and managing containers, virtual machines, databases, storage, and servers.

“IBM continues to reshape its future as a hybrid cloud and AI company,” said Rob Thomas, Senior Vice President, IBM Cloud and Data Platform.

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.”

“The addition of Turbonomic now takes our portfolio another major step forward by ensuring customers will have full visibility into what is going on throughout their hybrid cloud infrastructure, and across their entire enterprise,” said Dinesh Nirmal, General Manager, IBM Automation.

Overall, the acquisition will prove to be lucrative for IBM. Turbonomic is known for providing companies with software that improves their performance and compliance with their application.