IBM to acquire myInvenio to help Organisations Use AI-powered Automation

By OEM Update Editorial April 17, 2021 10:51 am IST

Addition of myInvenio provides customers with a comprehensive AI-powered automation portfolio for business automation.

IBM recently announced a definitive agreement to acquire myInvenio, a process mining Software Company based in Reggio Emilia, Italy. The acquisition will provide organisations with data-driven software that should help them identify the most impactful business processes to automate using AI including sales, procurement, production and accounting. It also further advances IBM’s hybrid cloud and AI strategy, providing customers with a comprehensive suite of AI-powered automation capabilities for business automation. Financial details were not disclosed.

“Digital transformation is accelerating across industries as companies face increasing challenges with managing critical IT systems and complex business applications that span the hybrid cloud landscape,” said Dinesh Nirmal, General Manager, IBM Automation. “With IBM’s planned acquisition of myInvenio, we are continuing to invest in building the industry’s most comprehensive suite of AI-powered automation capabilities for business automation so that our customers can help employees re-claim their time to focus on more strategic work.”