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 automation capabilities for business automation.
With the acquisition of myInvenio, IBM will help companies streamline business processes that create bottlenecks, slowing down innovation and increasing costs.
IBM’s acquisition of myInvenio builds on its OEM agreement with the company. Upon close of the acquisition, IBM has plans to integrate myInvenio’s capabilities into its Automation portfolio, including IBM Cloud Pak for Business Automation, IBM’s hybrid cloud software for using AI to transform business processes and help enable people to be more productive.
All of these capabilities are integrated with IBM Cloud Pak for Business Automation and powered by Red Hat OpenShift to run anywhere and help customers automate their entire enterprise.
myInvenio’s capabilities could also be available to IBM business partners and IBM Global Business Services Automation practice to assist customers to generate insights about their business processes that could help lead to a clear data-driven roadmap for applying automation effectively.