SevOne buyer to keep tech hub in Newark
Summary
Financial terms were not disclosed Turbonomic will retain SevOne’s technology center at the University of Delaware Star Campus in Newark. “The combined entities, with unique intellectual property, have an incredible opportunity to define the future of performance. Over the last 10 years, we’ve invested $200 million to build the world’s leading Application Resource Management solution. As part of Turbonomic, there is greater opportunity to enable customers to deliver predictable and reliable application performance.” “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.” SevOne was founded in Newark and grew rapidly for a number of years.
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