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In recent merger-and-acquisition news, IBM acquired Reggio Emilia, a process mining software company called myInvenio, according to Yahoo Finance.
The acquisition is part of IBM’s continuing investments to offer organizations a one-stop-shop of AI-powered business automation capabilities. The article reported that IBM plans to integrate the myInvenio capabilities into its Automation portfolio, including the IBM Cloud Pak for Business Automation (IBM’s hybrid cloud software for AI-enabled business transformation and productivity). The financial terms of the transaction weren’t disclosed.
Additionally, Panasonic announced it will acquire supply chain software company Blue Yonder in a $7.1 billion deal, according to Supply Chain Dive. This deal will combine the Blue Yonder end-to-end supply chain AI-enabled software with Panasonic’a autonomous solutions.
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
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Factors such as the increasing need to manage customer traffic and customer movement to boost productivity and the rising need to improve staff efficiency and enhance customer engagement during COVID-19 are driving the adoption of the QMS market across the globe. QMS can be used at any location undergoing a significant footfall. Most of the organizations prefer QMS solutions and services to shorten on-site customer wait times and reduce walkaways.
Queue Management System Market worth $0.6 billion by 2026 - Exclusive Report by MarketsandMarkets Queue Management System Market by Component, Solution Type, Application (Reporting & Analytics, Real-time Monitoring), Queue Type (Structured, Unstructured, Mobile Queue), Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Queue Management System Market size to grow from USD 0.5 billion in 2020 to USD 0.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.
Factors such as the increasing need to manage customer traffic and customer movement to boost productivity and the rising need to improve staff efficiency and enhance customer engagement during COVID-19 are driving the adoption of the QMS market across the globe. QMS can be used at any location undergoing a significant footfall. Most of the organizations prefer QMS solutions and services to shorten on-site custom
Financial terms of the deal were not disclosed.
“We have just given partners the biggest weapon they could ever have on tackling this automation opportunity,” Rob Thomas, IBM’s senior vice president of Cloud and Data Platform, told CRN in an exclusive interview.
MyInvenio’s software allows partners to quickly identify business processes in sales, procurement, production, accounting and other operations that can be automated, saving money and speeding up operations.
The deal adds to the growing IBM automation portfolio, building on IBM’s 18-month platform buildout. In fact, Thomas said, myInvenio’s automation muscle now gives IBM standing as the “most complete” end-to-end business and IT services automation platform provider. “I have 100 percent confidence in that,” he said.