IBM (NYSE:IBM) is to acquire myInvenio, a process mining software company based in Reggio Emilia, Italy.
The amount of the deal – subject to customary closing conditions and expected to close at the end of this quarter, was not disclosed.
Led by Massimiliano Delsante, CEO, myInvenio provides a Process Mining solution to instantly boost the organization’s core business processes by automatically discovering activities and constantly monitoring compliance and performance. The company’s system enables continuous process improvements by delivering measurable ROI thanks to AI, advanced analytics, simulation and what-if analyses.
The acquisition will provide organizations 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 automati
IBM acquires Italy’s MyInvenio to integrate process mining directly into its suite of automation tools
Automation has become a big theme in enterprise IT, with organizations using RPA, no-code and low-code tools, and other technology to speed up work and bring more insights and analytics into how they do things every day, and today IBM is announcing an acquisition as it hopes to take on a bigger role in providing those automation services. The IT giant has acquired MyInvenio, an Italian startup that builds and operates process mining software.
Process mining is the part of the automation stack that tracks data produced by a company’s software, as well as how the software works, in order to provide guidance on what a company could and should do to improve it. In the case of myInvenio, the company’s approach involves making a “digital twin” of an organization to help track and optimize processes. IBM is interested in how myInvenio’s tools are able to monitor data in ar
IBM Acquiring myInvenio to Provide AI-Powered Automation webpronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webpronews.com Daily Mail and Mail on Sunday newspapers.
Source: IBM
Addition of myInvenio provides customers with a comprehensive AI-powered automation portfolio for business automation – including process mining, robotic process automation (RPA), document processing, workflow, and decisions – all built on Red Hat OpenShift
ARMONK, N.Y., April 15, 2021 /PRNewswire/ IBM (NYSE:IBM) today announced a definitive agreement to acquire myInvenio, a process mining software company based in Reggio Emilia, Italy. The acquisition will provide organizations 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.
IBM (IBM) to Acquire myInvenio streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.