Thursday, May 23, 2024

IBM Acquires Envizi for Data Analytics Software

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ARMONK, N.Y. — IBM expanded its data analytics portfolio by acquiring the software maker Envizi.

Sydney, Australia-based Envizi provides data and analytics software for environmental performance management.

This acquisition builds on IBM’s growing investments in artificial intelligence (AI)-powered software to help organizations create “more resilient and sustainable operations and supply chains,” according to IBM this month.

This acquisition closed on January 11. Financial details were not disclosed.

See more: Data Analytics Market Review

Envizi’s software automates the collection and consolidation of over 500 data types and supports major sustainability reporting frameworks. 

The platform’s customizable dashboards enable companies to manage, analyze, and report on environmental goals, identify efficiency opportunities, and assess sustainability risk. 

Envizi helps streamline the management of data tasks as part of broader environmental, social, and governance (ESG) reporting initiatives, while also providing users with sustainability insights to inform business strategy.

By using Envizi with IBM’s broader AI-powered software, companies can automate the feedback generated between their corporate environmental initiatives and the operational endpoints being used in daily business operations.

Envizie, for instance, is integrated with several IBM products: IBM Maximo asset management; IBM Sterling supply chain; IBM Environmental Intelligence Suite; and IBM Turbonomic and Red Hat OpenShift capabilities.

See more: Data Analytics Market Trends

Envizi will also help expand IBM Consulting’s sustainability practice, which is designed to help clients accelerate progress toward their sustainability commitments.

“To drive real progress toward sustainability, companies need the ability to transform data into predictive insights that help them make more intelligent, actionable decisions every day,” said Kareem Yusuf, Ph.D., GM, AI applications, IBM. 

“Envizi’s software provides companies with a single source of truth for analyzing and understanding emissions data across the full landscape of their business operations and dramatically accelerates IBM’s growing arsenal of AI technologies for helping businesses create more sustainable operations and supply chains.”

David Solsky, co-founder and CEO, Envizi, said IBM’s “global reach, depth of resources and breadth of expertise will help us to scale at an unprecedented pace.”

IBM’s acquisition Spree

IBM has made over 20 acquisitions since Arvind Krishna became IBM’s CEO in April 2020.

The company’s string of acquisitions span several other markets, such as cloud computingartificial intelligence (AI), and consulting.

See more: Top Data Analytics Tools & Software

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